Two-Family
For Sale
$1,500,000
Pending
14814 97th Avenue, Jamaica, NY 11435
The property includes finished interior space and a first-floor bedroom.
Property Size2,250 SF
Days on Market9
Property Features for 14814 97th Avenue
General Information
Standard status
Pending
Size
2,250 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,945
Amenities
Finished,Full
Yes
First Floor Bedroom
Finished, Full
Public
1
No
On Street
2250
Building Details
Building Size
2,250 SF
Year Built
1910
Listing Agency:
Cavestone Realty Inc
(516) 703-2918
Listed By:
Matthew Dubinsky
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 3:04PM
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 Cavestone Realty Inc
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Investment Insights
Based on property information with market context.
This two-family property was built in 1910 and has finished interior space, including a first-floor bedroom. It is located at 14814 97th Avenue in Jamaica, New York.
Key Highlights
- Two‑family property
- Built in 1910
- Finished interior space with a first‑floor bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,000
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,100,000
$1.1M
Cap Rate 7%
$785,714
$785.7K
Cap Rate 9%
$611,111
$611.1K
Market Conditions
NOI Build-Up for 2,250 SF
Gross rent
$104.0K $46.20/SF
− Vacancy
−$4.0K −$1.76/SF
EGI
$100.0K $44.44/SF
− OpEx
−$45.0K −$20.00/SF
NOI
$55.0K $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%
$1,100,000
Cap Rate 7%
$785,714
Cap Rate 9%
$611,111
Alternative Uses
Best Use
Apartment 5plus
$785.7K
$687.5K – $916.7K
NOI $55,000 @ 7.0% cap · market cap 3.67%
Second Best
Multifamily LT 5
$532.0K
$465.5K – $620.7K
NOI $37,241 @ 7.0% cap · market cap 2.48%
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,111 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,392
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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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 property includes finished interior space and a first-floor bedroom.
Where is this duplex located?
The property is located at 14814 97th Avenue Jamaica, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Two‑family property; Built in 1910; Finished interior space with a first‑floor bedroom
