Duplex Development
For Sale
Contact for pricing
15016 Hillside Ave, Jamaica, NY 11432
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 Market97
Property Features for 15016 Hillside Ave
General Information
Standard status
Active
Size
2,920 SF
Property subtype
OFFICE
Zoning
C4-4D
Building Details
Owner Occupied
No
Listing Agency:
Century 21 Commercial Milestone Realty | Jamaica
(718) 291-7000
Listed By:
Anand Mahadeo
(646) 261-1404
Source:
Moodyscre
Added: Jul 24
Changed: Oct 26
Last Checked: Oct 28 at 11:22AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$71,378
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,427,560
$1.4M
Cap Rate 7%
$1,019,686
$1.0M
Cap Rate 9%
$793,089
$793.1K
Market Conditions
NOI Build-Up for 2,920 SF
Gross rent
$134.9K $46.20/SF
− Vacancy
−$5.1K −$1.76/SF
EGI
$129.8K $44.44/SF
− OpEx
−$58.4K −$20.00/SF
NOI
$71.4K $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%
$1,427,560
Cap Rate 7%
$1,019,686
Cap Rate 9%
$793,089
Alternative Uses
Best Use
Apartment 5plus
$1.02M
$892.2K – $1.19M
NOI $71,378 @ 7.0% cap · market cap 2.91%
Second Best
Multifamily LT 5
$690.4K
$604.1K – $805.5K
NOI $48,331 @ 7.0% cap · market cap 1.97%
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.
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Location Intelligence
Trade Area within ½ mile
5,356
Businesses Nearby
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Business Placement
Demographics for 11432, NY
65,743
Population
21,618
Households
3
Avg Household Size
39
Median Age
36%
College-Educated
80%
High-School Grad
2.0 sq mi
ZIP Area
32,872
Density / Sq Mi
$75,395
Median Household Income
$37,385
Median Earnings
$1,841
Median Rent
$826,100
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 - 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
