Triplex Property with Finished
14760 Grand Central Parkway, Jamaica, NY 11435
For Sale
$1,219,000
Three floor-level living areas feature kitchens, with bedroom and bath configurations suited to separate household use.
Property Size2,000 SF
Price / SF$609.50
Days on Market41
Property Features for 14760 Grand Central Parkway
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Breakfast Bar
Eat-in Kitchen
Kitchen Island
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
Gemars Realty Corp
(718) 380-3500
Listed By:
Domingo P. DeGuzman
Source:
Jwsrealtygroup
Added: Oct 5
Changed: Nov 12
Last Checked: Nov 13 at 6:51PM
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 Gemars Realty Corp
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Investment Insights
Based on property information with market context.
Built in 1970, this 2,000-square-foot property has a finished basement level with one bedroom, a bathroom, and a kitchen. The second floor includes two bedrooms, one and a half bathrooms, a kitchen, and separate living and dining rooms. On the third floor, the layout provides three bedrooms, one and a half bathrooms, a kitchen, and distinct living and dining rooms.
Nearby amenities noted include shops, transportation, and a house of worship.
Nearby amenities noted include shops, transportation, and a house of worship.
Key Highlights
- 2,000‑square‑foot property built in 1970
- Finished basement level with one bedroom, a bathroom, and a kitchen
- Second‑floor layout includes 2 bedrooms and 1.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,422
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$988,440
$988.4K
Cap Rate 7%
$706,029
$706.0K
Cap Rate 9%
$549,133
$549.1K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$76.8K $38.40/SF
− Vacancy
−$6.2K −$3.10/SF
EGI
$70.6K $35.30/SF
− OpEx
−$21.2K −$10.59/SF
NOI
$49.4K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$988,440
Cap Rate 7%
$706,029
Cap Rate 9%
$549,133
Alternative Uses
Best Use
Multifamily LT 5
$706.0K
$617.8K – $823.7K
NOI $49,422 @ 7.0% cap · market cap 4.05%
Second Best
Apartment 5plus
$698.4K
$611.1K – $814.8K
NOI $48,889 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,210 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,032
Businesses Nearby
Explore this area
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 Triplexes in Jamaica
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three floor-level living areas feature kitchens, with bedroom and bath configurations suited to separate household use.
Where is this triplex located?
The property is located at 14760 Grand Central Parkway Jamaica, NY.
What is the asking price?
The asking price for this property is $1,219,000.
What are key features of this property?
This property features: 2,000‑square‑foot property built in 1970; Finished basement level with one bedroom, a bathroom, and a kitchen; Second‑floor layout includes 2 bedrooms and 1.5 bathrooms
