Duplex with Finished
New
For Sale
$1,199,000
Pending
154-20 132nd Avenue, Jamaica, NY 11434
Two three-bedroom units provide separate living areas, kitchens, and laundry space.
Property Size6,000 SF
Days on Market4
Property Features for 154-20 132nd Avenue
General Information
Standard status
Pending
Size
6,000 SF
Property subtype
Residential Income
Zoning
R3X
Taxes and HOA fees
Annual Taxes
$8,876
Amenities
Finished,Full
Hardwood
1
5
Yes
No
6
Skylight(s),Blinds,Drapes
Eat-in Kitchen,Entrance Foyer,Granite Counters,Master Downstairs,Walk-In Closet(s),Formal Dining,First Floor Bedroom,Primary Bathroom,Ceiling Fan(s)
Finished, Full
Fenced
Public
2
Driveway, Off Street, Private
Mailbox
Building Details
Year Built
1950
Listing Agency:
Keller Williams Rlty Landmark
(516) 703-2918
Listed By:
Craig May
Source:
Hedgestonehomes
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 3:39PM
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 Keller Williams Rlty Landmark
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Investment Insights
Based on property information with market context.
This two-unit property contains 6 bedrooms and 4.5 bathrooms across more than 2,200 square feet. Each floor has a kitchen, living room, and laundry area with a washer and dryer; the first-floor layout also connects the kitchen and dining area and opens to a fenced side yard. Hardwood floors, gas cooking, and a finished full basement with a recreation room are among the interior features. Solar panels are installed, and the property is zoned R3X.
The two lots together measure 60 by 100 feet. Built in 1950, the home also includes central heat and air conditioning on the second floor, an eat-in kitchen, and walk-in closets.
The two lots together measure 60 by 100 feet. Built in 1950, the home also includes central heat and air conditioning on the second floor, an eat-in kitchen, and walk-in closets.
Key Highlights
- Two units with 6 bedrooms and 4.5 bathrooms total
- More than 2,200 square feet of living area
- Finished full basement with recreation room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,310
Cap Rate
8.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,986,200
$2.0M
Cap Rate 7%
$1,418,714
$1.4M
Cap Rate 9%
$1,103,444
$1.1M
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$151.2K $25.20/SF
− Vacancy
−$9.3K −$1.55/SF
EGI
$141.9K $23.65/SF
− OpEx
−$42.6K −$7.09/SF
NOI
$99.3K $16.55/SF
Area
Queens County, NY
Vacancy
6.17%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,986,200
Cap Rate 7%
$1,418,714
Cap Rate 9%
$1,103,444
Alternative Uses
Best Use
Apartment 5plus
$2.10M
$1.83M – $2.44M
NOI $146,667 @ 7.0% cap · market cap 12.23%
Second Best
Multifamily LT 5
$1.42M
$1.24M – $1.66M
NOI $99,310 @ 7.0% cap · market cap 8.28%
Theoretical Best
Office A
$4.42M
$3.87M – $5.16M
NOI $309,629 @ 7.0% cap · market cap 25.82%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,107
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 three-bedroom units provide separate living areas, kitchens, and laundry space.
Where is this duplex located?
The property is located at 154-20 132nd Avenue Jamaica, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Two units with 6 bedrooms and 4.5 bathrooms total; More than 2,200 square feet of living area; Finished full basement with recreation room
