Detached Two-Family
New
For Sale
$1,280,000
14734 224th Street, Jamaica, NY 11413
MULTI_FAMILY - Jamaica, NY
Property Size2,130 SF
Lot Size0.08 Acres
Price / SF$600.94
Days on Market1
Property Features for 14734 224th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 4, Bedroom 2, Bathroom 5, Bathroom 1, Bedroom 1, Bedroom 4, Basement, Bathroom 2, Bedroom 6, Bathroom 3, Bedroom 3, Bedroom 5
Parking features
Driveway
Interior features
First Floor Bedroom, High Ceilings, Open Kitchen
Basement
Full, Finished
Elementary school
Ps 52
Middle school
Community Voices Middle School
High school
Institute For Health Professions At Cambria Heigh
Elementary school district
Queens 29
Middle school district
Queens 29
High school district
Queens 29
Standard status
Active
APN
13436-0076
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8241
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
2019
Number of units
2
Building materials
Brick
Listing Agency:
Prospes Real Estate Corp
(718) 321-2800
Listed By:
Huanyan Li
(347) 885-8668
Added: Aug 5
Last Checked: Aug 5 at 4:06PM
MLS# 1035068
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This detached brick duplex, built in 2019, contains 2,130 sqft of interior living space arranged as two three-bedroom, two-bath residences. Both units feature high ceilings, oversized windows, and open kitchens, while the full finished basement includes another bathroom and a separate entrance. Natural gas heating, window or wall/window unit cooling, public water, and public sewer serve the property. A driveway provides on-site parking, and cable service is available.
The property is located at 147-34 224th Street in Jamaica, NY 11413, on a 0.0816-acre lot. Laurelton LIRR Station is minutes away, with Q111, Q114, and Q85 bus service providing access toward Jamaica Center. The site also offers convenient connections to the Belt Parkway and JFK Airport. The property will be delivered vacant.
The property is located at 147-34 224th Street in Jamaica, NY 11413, on a 0.0816-acre lot. Laurelton LIRR Station is minutes away, with Q111, Q114, and Q85 bus service providing access toward Jamaica Center. The site also offers convenient connections to the Belt Parkway and JFK Airport. The property will be delivered vacant.
Key Highlights
- 2,130 sqft detached duplex built in 2019
- Two three‑bedroom, two‑full‑bath residences
- Full finished basement with bathroom and separate entrance
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $98.4k | $46.20 |
| − Vacancy | −$3.7k | −$1.76 |
| EGI | $94.7k | $44.44 |
| − OpEx | −$42.6k | −$20.00 |
| NOI | $52.1k | $24.44 |
2,130 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$743.8K
$650.8K – $867.8K
NOI $52,067 @ 7.0% cap · market cap 4.07%
Second Best
Multifamily LT 5
$503.6K
$440.7K – $587.6K
NOI $35,255 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,918 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,066
Businesses Nearby
Explore this area
Business Placement
Demographics for 11413, NY
42,978
Population
14,485
Households
3
Avg Household Size
40
Median Age
29%
College-Educated
92%
High-School Grad
3.0 sq mi
ZIP Area
14,326
Density / Sq Mi
$114,766
Median Household Income
$50,525
Median Earnings
$2,038
Median Rent
$631,700
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 - Brick two-family property with matching three-bedroom units and a finished basement offering additional functional space.
Where is this duplex located?
The property is located at 14734 224th Street Jamaica, NY.
What is the asking price?
The asking price for this property is $1,280,000.
What are key features of this property?
This property features: 2,130 sqft detached duplex built in 2019; Two three‑bedroom, two‑full‑bath residences; Full finished basement with bathroom and separate entrance
