Duplex Development
15016 Hillside Ave Jamaica, NY 11432
New
For Sale
Contact for pricing
Vacant duplex development site zoned C4-4D/equivalent to R8A with an existing two-family certificate of occupancy and store/office space.
Property Size2,920 SF
Price / SF$839.04
Days on Market6
Property Features for 15016 Hillside Ave
General Information
Standard status
Active
Size
2,920 SF
Property subtype
OFFICE
Listing Agency:
Century 21 Commercial Milestone Realty | Jamaica
(646) 261-1404
Listed By:
Anand Mahadeo
(646) 261-1404
Source:
Moodyscre
Added: Jul 24
Changed: Jul 29
Last Checked: Jul 29 at 5:59PM
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 Century 21 Commercial Milestone Realty | Jamaica
Investment Insights
Based on property information with market context.
Duplex development site located at 15016 Hillside Ave, Jamaica, NY 11432. The property is currently vacant and is being sold as is.
The property is described as a current C of O for a two-family use with 1 store/office. Zoning is listed as C4-4D/equivalent to R8A.
With its current configuration and zoning basis, this offering can be evaluated for development and re-use opportunities consistent with the stated approvals and existing certificate of occupancy details.
The property is described as a current C of O for a two-family use with 1 store/office. Zoning is listed as C4-4D/equivalent to R8A.
With its current configuration and zoning basis, this offering can be evaluated for development and re-use opportunities consistent with the stated approvals and existing certificate of occupancy details.
Key Highlights
- 2,920 SF duplex development site
- Zoned C4‑4D/equivalent to R8A
- Current C of O for two‑family with 1 store/office
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 | $134.9k | $46.20 |
| − Vacancy | −$5.1k | −$1.76 |
| EGI | $129.8k | $44.44 |
| − OpEx | −$58.4k | −$20.00 |
| NOI | $71.4k | $24.44 |
2,920 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.02M
$892.2K – $1.19M
NOI $71,378 @ 7.0% cap · market cap 2.91%
Second Best
Retail
$744.6K
$651.5K – $868.7K
NOI $52,122 @ 7.0% cap · market cap 2.13%
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,686 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Vacant duplex development site zoned C4-4D/equivalent to R8A with an existing two-family certificate of occupancy and store/office space.
Where is this duplex located?
The property is located at 15016 Hillside Ave Jamaica, NY.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: 2,920 SF duplex development site; Zoned C4‑4D/equivalent to R8A; Current C of O for two‑family with 1 store/office
