Renovated Two-Family
New
For Sale
$1,399,998
15520 132nd Avenue, Jamaica, NY 11434
Each apartment offers four bedrooms and two bathrooms, with a full basement and a separate exterior entrance.
Property Size2,310 SF
Price / SF$606.06
Days on Market3
Property Features for 15520 132nd Avenue
General Information
Standard status
Active
Size
2,310 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 4BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,101
Amenities
First Floor Bedroom
Primary Bathroom
Recessed Lighting
Building Details
Building Size
2,310 SF
Year Built
1940
Buildings
1
Units
2
Listing Agency:
Bird & Swing LLC
Listed By:
Varun V. Suchdeve · License #10301224496
(631) 223-6530
Source:
Georgemcknight
Added: Oct 23
Changed: Oct 24
Last Checked: Oct 24 at 3:33PM
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 Bird & Swing LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This legal two-family duplex contains two apartments, each with 4 bedrooms and 2 bathrooms, within 2,310 square feet. Both units have been renovated. A full basement with its own exterior entrance provides additional space, and the property occupies a corner lot.
The property is in Jamaica, Queens, with access to JFK Airport, major highways, shopping, restaurants, public transportation, and schools.
The property is in Jamaica, Queens, with access to JFK Airport, major highways, shopping, restaurants, public transportation, and schools.
Key Highlights
- Legal two‑family property with two 4‑bedroom, 2‑bathroom apartments
- 2,310 square feet
- Full basement with separate outside entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,467
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,129,340
$1.1M
Cap Rate 7%
$806,671
$806.7K
Cap Rate 9%
$627,411
$627.4K
Market Conditions
NOI Build-Up for 2,310 SF
Gross rent
$106.7K $46.20/SF
− Vacancy
−$4.1K −$1.76/SF
EGI
$102.7K $44.44/SF
− OpEx
−$46.2K −$20.00/SF
NOI
$56.5K $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%
$1,129,340
Cap Rate 7%
$806,671
Cap Rate 9%
$627,411
Alternative Uses
Best Use
Apartment 5plus
$806.7K
$705.8K – $941.1K
NOI $56,467 @ 7.0% cap · market cap 4.03%
Second Best
Multifamily LT 5
$546.2K
$477.9K – $637.2K
NOI $38,234 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$1.70M
$1.49M – $1.99M
NOI $119,207 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,432
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
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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 - Each apartment offers four bedrooms and two bathrooms, with a full basement and a separate exterior entrance.
Where is this duplex located?
The property is located at 15520 132nd Avenue Jamaica, NY.
What is the asking price?
The asking price for this property is $1,399,998.
What are key features of this property?
This property features: Legal two‑family property with two 4‑bedroom, 2‑bathroom apartments; 2,310 square feet; Full basement with separate outside entrance
