Duplex with Finished
For Sale
$1,425,000
146-02 180th Street, Jamaica, NY 11434
The two-family layout includes two private driveways and a finished lower level with a separate entrance.
Property Size2,400 SF
Lot Size0.09 Acres
Price / SF$593.75
Days on Market97
Property Features for 146-02 180th Street
General Information
Standard status
Active
Size
2,400 SF
Lot size
0.09 Acres
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,203
Amenities
central air condition
stainless steel appliances
hardwood floors
touchless automatic flushing bathrooms
open floor concept
private entrance
Breakfast Bar
Crown Molding
Formal Dining
Marble Counters
Open Floorplan
Open Kitchen
Pantry
Recessed Lighting
Smart Thermostat
Awning(s)
Building Details
Building Size
2,400 SF
Year Built
1998
Units
2
Listing Agency:
Home Source Realty Inc
(718) 819-6500
Listed By:
Asef Ali · License #10311205166
(917) 776-9247
Source:
Clairedleone
Added: Jul 20
Changed: Oct 23
Last Checked: Oct 23 at 3:51PM
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 Home Source Realty Inc
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Investment Insights
Based on property information with market context.
This two-family duplex offers 9 bedrooms and 5 bathrooms, with hardwood flooring, an open-plan interior, central air conditioning, and stainless steel appliances. The finished basement adds 3 bedrooms, a living room, storage, and a full bathroom; it also has a private entrance. Two boilers serve the property, which has a 2,400-square-foot building on a 40-by-100-foot lot.
The property is at 146-02 180th Street in Jamaica, near shopping, schools, public transportation, and JFK Airport. Two private driveways provide on-site parking access.
The property is at 146-02 180th Street in Jamaica, near shopping, schools, public transportation, and JFK Airport. Two private driveways provide on-site parking access.
Key Highlights
- Two‑family duplex with 9 bedrooms and 5 bathrooms
- Finished basement with 3 bedrooms, living room, storage, full bathroom, and private entrance
- 2,400‑square‑foot building on a 40x100 lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,667
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,173,340
$1.2M
Cap Rate 7%
$838,100
$838.1K
Cap Rate 9%
$651,856
$651.9K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$110.9K $46.20/SF
− Vacancy
−$4.2K −$1.76/SF
EGI
$106.7K $44.44/SF
− OpEx
−$48.0K −$20.00/SF
NOI
$58.7K $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%
$1,173,340
Cap Rate 7%
$838,100
Cap Rate 9%
$651,856
Alternative Uses
Best Use
Apartment 5plus
$838.1K
$733.3K – $977.8K
NOI $58,667 @ 7.0% cap · market cap 4.12%
Second Best
Multifamily LT 5
$567.5K
$496.6K – $662.1K
NOI $39,724 @ 7.0% cap · market cap 2.79%
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,852 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,809
Businesses Nearby
Explore this area
Business Placement
Demographics for 11434, NY
66,964
Population
23,787
Households
2.8
Avg Household Size
40
Median Age
22%
College-Educated
87%
High-School Grad
3.2 sq mi
ZIP Area
20,926
Density / Sq Mi
$76,668
Median Household Income
$46,742
Median Earnings
$1,409
Median Rent
$585,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The two-family layout includes two private driveways and a finished lower level with a separate entrance.
Where is this duplex located?
The property is located at 146-02 180th Street Jamaica, NY.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: Two‑family duplex with 9 bedrooms and 5 bathrooms; Finished basement with 3 bedrooms, living room, storage, full bathroom, and private entrance; 2,400‑square‑foot building on a 40x100 lot
