Renovated Two-Family
For Sale
Contact for pricing
146-25 177 st, Jamaica, NY 11434
Detached duplex with a private driveway, substantial yard, and a second unit that can generate rental income.
Property Size4,204 SF
Price / SF$273.55
Days on Market49
Property Features for 146-25 177 st
General Information
Standard status
Active
Size
4,204 SF
Property subtype
Mixed Use
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1940
Buildings
1
Listing Agency:
Novex Realty Inc.
(718) 343-3485
Listed By:
Eli Arshadnia
Source:
Crexi
Added: Jul 14
Changed: Aug 30
Last Checked: Aug 31 at 8:06AM
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 Novex Realty Inc.
Investment Insights
Based on property information with market context.
This fully detached duplex was built in 1940 and has been renovated throughout. The two-family configuration includes a separate additional unit, offering flexibility for an owner occupant or continued rental use. A large driveway and expansive yard add practical outdoor space to the property.
The home is located in Jamaica, near major highways and shopping. Its combination of detached construction, updated condition, two-family layout, driveway, and yard creates a straightforward residential income property profile.
The home is located in Jamaica, near major highways and shopping. Its combination of detached construction, updated condition, two-family layout, driveway, and yard creates a straightforward residential income property profile.
Key Highlights
- Two‑family duplex configuration
- Renovated throughout
- Fully detached 1940‑built home
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$102,764
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,055,280
$2.1M
Cap Rate 7%
$1,468,057
$1.5M
Cap Rate 9%
$1,141,822
$1.1M
Market Conditions
NOI Build-Up for 4,204 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$194.2K $46.20/SF
− Vacancy
−$7.4K −$1.76/SF
EGI
$186.8K $44.44/SF
− OpEx
−$84.1K −$20.00/SF
NOI
$102.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,055,280
Cap Rate 7%
$1,468,057
Cap Rate 9%
$1,141,822
Alternative Uses
Best Use
Apartment 5plus
$1.47M
$1.28M – $1.71M
NOI $102,764 @ 7.0% cap · market cap 8.94%
Second Best
Multifamily LT 5
$994.0K
$869.8K – $1.16M
NOI $69,583 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$3.10M
$2.71M – $3.62M
NOI $216,947 @ 7.0% cap · market cap 18.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,915
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Detached duplex with a private driveway, substantial yard, and a second unit that can generate rental income.
Where is this duplex located?
The property is located at 146-25 177 st Jamaica, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Two‑family duplex configuration; Renovated throughout; Fully detached 1940‑built home
