Brick Duplex with Finished
14535 Ferndale Ave, Jamaica, NY 11435
For Sale
$1,089,999
The legally recognized two-family layout includes hardwood-floored living areas, a finished attic, and a basement with separate exterior access.
Property Size2,835 SF
Price / SF$384.48
Days on Market14
Property Features for 14535 Ferndale Ave
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Building Details
Year Built
Buildings
Construction
Listing Agency:
eRealty Advisors, Inc
Listed By:
Diogenes J. Espinal Coste
(914) 712-6330
Source:
Searchhomesinlongisland
Added: Oct 26
Changed: Nov 7
Last Checked: Nov 7 at 3:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eRealty Advisors, Inc
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Investment Insights
Based on property information with market context.
This 2,835-square-foot brick duplex, built in 1930, is legally configured for two families and is being sold as-is. Hardwood flooring runs throughout the house. The finished attic adds two bedrooms and a full bathroom, while the basement is unfinished and has a separate exterior entrance. A backyard provides outdoor space at the property.
Several building components have been updated: the boiler was replaced approximately 3 years ago, the roof was updated 5 years ago, and the water heater was replaced 2 years ago. Insulated siding was installed 10 years ago, and the property’s surrounding gates were installed 3 years ago. The property is at 14535 Ferndale Ave in Jamaica, NY.
Several building components have been updated: the boiler was replaced approximately 3 years ago, the roof was updated 5 years ago, and the water heater was replaced 2 years ago. Insulated siding was installed 10 years ago, and the property’s surrounding gates were installed 3 years ago. The property is at 14535 Ferndale Ave in Jamaica, NY.
Key Highlights
- Legally designated two‑family property
- 2,835 square feet; built in 1930
- Finished attic with two bedrooms, hardwood floors, and a full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,300
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,386,000
$1.4M
Cap Rate 7%
$990,000
$990.0K
Cap Rate 9%
$770,000
$770.0K
Market Conditions
NOI Build-Up for 2,835 SF
Gross rent
$131.0K $46.20/SF
− Vacancy
−$5.0K −$1.76/SF
EGI
$126.0K $44.44/SF
− OpEx
−$56.7K −$20.00/SF
NOI
$69.3K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,386,000
Cap Rate 7%
$990,000
Cap Rate 9%
$770,000
Alternative Uses
Best Use
Apartment 5plus
$990.0K
$866.3K – $1.16M
NOI $69,300 @ 7.0% cap · market cap 6.36%
Second Best
Multifamily LT 5
$670.3K
$586.6K – $782.1K
NOI $46,924 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,300 @ 7.0% cap · market cap 13.42%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,915
Businesses Nearby
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Business Placement
Demographics for 11435, NY
58,980
Population
21,180
Households
2.8
Avg Household Size
38
Median Age
32%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
39,320
Density / Sq Mi
$79,430
Median Household Income
$43,354
Median Earnings
$1,820
Median Rent
$550,300
Median Home Value
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Market
Properties on Market for Duplexes in Jamaica
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The legally recognized two-family layout includes hardwood-floored living areas, a finished attic, and a basement with separate exterior access.
Where is this duplex located?
The property is located at 14535 Ferndale Ave Jamaica, NY.
What is the asking price?
The asking price for this property is $1,089,999.
What are key features of this property?
This property features: Legally designated two‑family property; 2,835 square feet; built in 1930; Finished attic with two bedrooms, hardwood floors, and a full bathroom
