Duplex With Finished
For Sale
$1,199,000
Pending
154-20 132nd Avenue, Jamaica, NY 11434
MULTI_FAMILY - Colonial - Jamaica, NY
Property Size2,200 SF
Lot Size0.14 Acres
Days on Market903
Property Features for 154-20 132nd Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3X
Bedrooms
6
Bathrooms
5
Full bathrooms
4
Half bathrooms
1
Rooms
Bathroom 4, Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 5, Dining Room, Bedroom 6, Bathroom 5, Bedroom 2, Bedroom 4, Bathroom 3, Basement, Laundry Room, Bathroom 2, Game Room
Parking
2
Parking features
Off Street, Driveway
Security features
Security System
Window features
Drapes, Blinds, Skylight(s)
Interior features
Eat-in Kitchen, Entrance Foyer, Granite Counters, Master Downstairs, Walk-In Closet(s), Formal Dining, First Floor Bedroom, Primary Bathroom, Ceiling Fan(s)
Exterior features
Mailbox
Fencing
Fenced
Basement
Full, Finished
Lot features
Corner Lot, Near Public Transit, Near School, Near Shops
Middle school
Hawtree Creek Middle School
High school
August Martin High School
Elementary school district
Queens 27
Middle school district
Queens 27
High school district
Queens 27
Directions
google maps
Standard status
Pending
APN
12279-0009
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
8876
Utilities
Heating system
Natural Gas, Oil, Hot Water(Heating), Forced Air
Cooling system
Central Air
Water source
Public
Amenities
hardwood floors
gas cooking
central heat & AC
finished basement
solar panels
Building Details
Year built
1950
Floors in Building
2
Number of units
2
Flooring type
Hardwood
Building materials
Frame, Stucco
Architectural style
Colonial
Listing Agency:
Keller Williams Rlty Landmark · Keller Williams Realty
(718) 475-2700
Listed By:
Dean Graber
(516) 527-9549
Added: Feb 19, 2024
Changed: Aug 7
Last Checked: Aug 10 at 2:06AM
MLS# L3532485
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Colonial duplex contains 6 bedrooms and 4.5 bathrooms across two residential units, with approximately 2,200 SF of living space. The layout provides three bedrooms per unit, hardwood flooring, large closets, dedicated laundry areas with washers and dryers, and gas cooking. The first floor includes an open kitchen and dining arrangement, while the upper unit offers an eat-in kitchen and a large living room. Central heat and AC serve the second floor, and a full finished basement adds a recreation room and additional functional space.
The property at 154-20 132nd Avenue in Jamaica is arranged across 2 lots with a combined 60x100 size and includes a fenced side yard, driveway, and off-street parking. Solar panels, public water, R3X zoning, and a 1950 construction date are also reported. Interior features include granite counters, walk-in closet space, formal dining, and a first-floor bedroom.
The property at 154-20 132nd Avenue in Jamaica is arranged across 2 lots with a combined 60x100 size and includes a fenced side yard, driveway, and off-street parking. Solar panels, public water, R3X zoning, and a 1950 construction date are also reported. Interior features include granite counters, walk-in closet space, formal dining, and a first-floor bedroom.
Key Highlights
- Two‑family duplex with 6 bedrooms and 4.5 bathrooms
- Approximately 2,200 SF with 3 bedrooms over 3 bedrooms
- Full finished basement includes a recreation room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$53,778
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,075,560
$1.1M
Cap Rate 7%
$768,257
$768.3K
Cap Rate 9%
$597,533
$597.5K
Market Conditions
NOI Build-Up for 2,200 SF
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.
Gross rent
$101.6K $46.20/SF
− Vacancy
−$3.9K −$1.76/SF
EGI
$97.8K $44.44/SF
− OpEx
−$44.0K −$20.00/SF
NOI
$53.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,075,560
Cap Rate 7%
$768,257
Cap Rate 9%
$597,533
Alternative Uses
Best Use
Apartment 5plus
$768.3K
$672.2K – $896.3K
NOI $53,778 @ 7.0% cap · market cap 4.49%
Second Best
Multifamily LT 5
$520.2K
$455.2K – $606.9K
NOI $36,414 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,531 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,107
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two living units include hardwood floors, laundry areas, gas cooking, and central air conditioning.
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‑family duplex with 6 bedrooms and 4.5 bathrooms; Approximately 2,200 SF with 3 bedrooms over 3 bedrooms; Full finished basement includes a recreation room
