Two-Unit Residential
15520 132nd Avenue, Jamaica, NY 11434
For Sale
New
$1,349,998
Two renovated apartments are paired with a full basement and a separate exterior entrance.
Property Size2,310 SF
Price / SF$584.41
Days on Market3
Property Features for 15520 132nd Avenue
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
Full,Walk-Out Access
4
Yes
8
First Floor Bedroom,Primary Bathroom,Recessed Lighting
Full, Walk-Out Access
Public
No
On Street
2310
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Schunk Realty Group
(914) 788-6339
Listed By:
Nicholas Schunk · License #10401237032
(914) 557-9677
Source:
Schunkrealtygroup
Added: Nov 7
Changed: Nov 8
Last Checked: Nov 8 at 4:45PM
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 Schunk Realty Group
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Investment Insights
Based on property information with market context.
At 15520 132nd Avenue in Jamaica, this 2,310-square-foot legal two-family property contains two apartments, each with four bedrooms and two bathrooms. The home was rebuilt in 2005 and has since been renovated. It occupies a corner lot, and the full basement has walk-out access through a separate exterior entrance.
The property is in Queens, with JFK Airport, major highways, shopping, restaurants, public transportation, and schools among the nearby amenities identified for the area.
The property is in Queens, with JFK Airport, major highways, shopping, restaurants, public transportation, and schools among the nearby amenities identified for the area.
Key Highlights
- Legal two‑family property with two 4‑bedroom, 2‑bathroom apartments
- 2,310 square feet on a corner lot
- Rebuilt in 2005 and recently renovated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,082
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,141,640
$1.1M
Cap Rate 7%
$815,457
$815.5K
Cap Rate 9%
$634,244
$634.2K
Market Conditions
NOI Build-Up for 2,310 SF
Gross rent
$88.7K $38.40/SF
− Vacancy
−$7.2K −$3.10/SF
EGI
$81.5K $35.30/SF
− OpEx
−$24.5K −$10.59/SF
NOI
$57.1K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,141,640
Cap Rate 7%
$815,457
Cap Rate 9%
$634,244
Alternative Uses
Best Use
Multifamily LT 5
$815.5K
$713.5K – $951.4K
NOI $57,082 @ 7.0% cap · market cap 4.23%
Second Best
Apartment 5plus
$806.7K
$705.8K – $941.1K
NOI $56,467 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$1.70M
$1.49M – $1.99M
NOI $119,207 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
2
Residential units
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
Properties on Market for Duplexes in Jamaica
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two renovated apartments are paired 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 $1,349,998.
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 on a corner lot; Rebuilt in 2005 and recently renovated
