Two-Family Duplex with Finished
For Sale
$1,495,000
15311 124th Avenue, Jamaica, NY 11434
Two residential units each provide four bedrooms, private suites, and updated kitchens with stainless-steel appliances.
Property Size3,000 SF
Price / SF$498.33
Days on Market17
Property Features for 15311 124th Avenue
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,433
Amenities
First Floor Bedroom
First Floor Full Bath
Open Floorplan
Open Kitchen
Lighting
Building Details
Building Size
3,000 SF
Year Built
1930
Units
2
Listing Agency:
Tysons Real Estate Co
(631) 253-2952
Listed By:
Karlene D. Tyson SFR GRI · License #KEY88301
Source:
Croninreale
Added: Oct 7
Changed: Oct 23
Last Checked: Oct 23 at 3:31PM
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 Tysons Real Estate Co
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Investment Insights
Based on property information with market context.
This two-family property contains two units, each with four bedrooms and an open living and dining layout. Both kitchens have counter seating and stainless-steel appliances. Each unit also includes a private primary suite with a full bathroom and walk-in closet, while central air conditioning serves the property.
A finished basement with walk-out access adds a full bathroom, laundry area, and storage. Outside, the fenced yard and private driveway provide outdoor space and off-street parking.
The property is in Jamaica, with access to the LIRR for Manhattan commutes and a short distance from JFK Airport. Schools, parks, and shopping are also nearby.
A finished basement with walk-out access adds a full bathroom, laundry area, and storage. Outside, the fenced yard and private driveway provide outdoor space and off-street parking.
The property is in Jamaica, with access to the LIRR for Manhattan commutes and a short distance from JFK Airport. Schools, parks, and shopping are also nearby.
Key Highlights
- Two units, each with four bedrooms
- Private primary suites feature full bathrooms and walk‑in closets
- Finished basement with walk‑out access, full bathroom, laundry area, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,333
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,466,660
$1.5M
Cap Rate 7%
$1,047,614
$1.0M
Cap Rate 9%
$814,811
$814.8K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$138.6K $46.20/SF
− Vacancy
−$5.3K −$1.76/SF
EGI
$133.3K $44.44/SF
− OpEx
−$60.0K −$20.00/SF
NOI
$73.3K $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%
$1,466,660
Cap Rate 7%
$1,047,614
Cap Rate 9%
$814,811
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$916.7K – $1.22M
NOI $73,333 @ 7.0% cap · market cap 4.91%
Second Best
Multifamily LT 5
$709.4K
$620.7K – $827.6K
NOI $49,655 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$2.21M
$1.94M – $2.58M
NOI $154,814 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,266
Businesses Nearby
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Business Placement
Demographics for 11434, NY
66,964
Population
23,787
Households
2.8
Avg Household Size
40
Median Age
22%
College-Educated
87%
High-School Grad
3.2 sq mi
ZIP Area
20,926
Density / Sq Mi
$76,668
Median Household Income
$46,742
Median Earnings
$1,409
Median Rent
$585,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units each provide four bedrooms, private suites, and updated kitchens with stainless-steel appliances.
Where is this duplex located?
The property is located at 15311 124th Avenue Jamaica, NY.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Two units, each with four bedrooms; Private primary suites feature full bathrooms and walk‑in closets; Finished basement with walk‑out access, full bathroom, laundry area, and storage
