Renovated Two-Unit
New
For Sale
$949,000
14714 115th Avenue, Jamaica, NY 11436
A private driveway and finished basement add practical space and functionality to this two-family property.
Property Size1,420 SF
Price / SF$668.31
Days on Market6
Property Features for 14714 115th Avenue
General Information
Standard status
Active
Size
1,420 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,150
Amenities
private driveway
fully finished basement
First Floor Bedroom
Building Details
Building Size
1,420 SF
Year Built
1920
Buildings
1
Units
2
Listing Agency:
Voro LLC
Listed By:
Nico Seepersaud · License #10401282940
(347) 952-4445
Source:
Georgemcknight
Added: Oct 19
Changed: Oct 23
Last Checked: Oct 23 at 2:16PM
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 Voro LLC
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Investment Insights
Based on property information with market context.
This 1,420-square-foot residential property in Jamaica contains two duplex-style units and three bathrooms. A finished basement provides additional interior space, and the property also has a private driveway. Renovations included the kitchens, bathrooms, flooring, electrical and plumbing systems, along with other interior finishes.
Built in 1920, the property is located at 14714 115th Avenue in Jamaica, New York.
Built in 1920, the property is located at 14714 115th Avenue in Jamaica, New York.
Key Highlights
- Two duplex‑style units with three bathrooms
- 1,420 square feet
- Finished basement and private driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,711
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$694,220
$694.2K
Cap Rate 7%
$495,871
$495.9K
Cap Rate 9%
$385,678
$385.7K
Market Conditions
NOI Build-Up for 1,420 SF
Gross rent
$65.6K $46.20/SF
− Vacancy
−$2.5K −$1.76/SF
EGI
$63.1K $44.44/SF
− OpEx
−$28.4K −$20.00/SF
NOI
$34.7K $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%
$694,220
Cap Rate 7%
$495,871
Cap Rate 9%
$385,678
Alternative Uses
Best Use
Apartment 5plus
$495.9K
$433.9K – $578.5K
NOI $34,711 @ 7.0% cap · market cap 3.66%
Second Best
Multifamily LT 5
$335.8K
$293.8K – $391.7K
NOI $23,503 @ 7.0% cap · market cap 2.48%
Theoretical Best
Office A
$1.05M
$916.0K – $1.22M
NOI $73,279 @ 7.0% cap · market cap 7.72%
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
1,123
Businesses Nearby
Explore this area
Business Placement
Demographics for 11436, NY
20,620
Population
6,617
Households
3.1
Avg Household Size
38
Median Age
22%
College-Educated
84%
High-School Grad
0.8 sq mi
ZIP Area
25,775
Density / Sq Mi
$86,104
Median Household Income
$42,386
Median Earnings
$2,079
Median Rent
$602,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A private driveway and finished basement add practical space and functionality to this two-family property.
Where is this duplex located?
The property is located at 14714 115th Avenue Jamaica, NY.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Two duplex‑style units with three bathrooms; 1,420 square feet; Finished basement and private driveway
