Duplex With
156-07 N Conduit Avenue, Jamaica, NY 11434
For Sale
New
$790,000
Detached two-family residence with four bedrooms and outdoor space in Jamaica, Queens.
Property Size1,170 SF
Price / SF$675.21
Days on Market2
Property Features for 156-07 N Conduit Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Ceiling Fan(s)
Eat-in Kitchen
Entrance Foyer
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
Keller Williams Realty Group
Listed By:
Safiya Swan · License #10401264654
(914) 512-7764
Source:
Georgemcknight
Added: Nov 8
Last Checked: Nov 9 at 1:44AM
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 Realty Group
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Investment Insights
Based on property information with market context.
This detached two-family property in Jamaica, Queens, contains 1,170 square feet, with four bedrooms and two bathrooms. Built in 1960, the residence includes a spacious, level backyard. The property is offered in its current “as is” condition.
Baisley Pond Park is nearby, along with shopping, airports, and major parkways. The address is 156-07 N Conduit Avenue, Jamaica, NY 11434.
Baisley Pond Park is nearby, along with shopping, airports, and major parkways. The address is 156-07 N Conduit Avenue, Jamaica, NY 11434.
Key Highlights
- Detached two‑family property with four bedrooms and two bathrooms
- 1,170 square feet of interior space
- Level backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,912
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$578,240
$578.2K
Cap Rate 7%
$413,029
$413.0K
Cap Rate 9%
$321,244
$321.2K
Market Conditions
NOI Build-Up for 1,170 SF
Gross rent
$44.9K $38.40/SF
− Vacancy
−$3.6K −$3.10/SF
EGI
$41.3K $35.30/SF
− OpEx
−$12.4K −$10.59/SF
NOI
$28.9K $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%
$578,240
Cap Rate 7%
$413,029
Cap Rate 9%
$321,244
Alternative Uses
Best Use
Multifamily LT 5
$413.0K
$361.4K – $481.9K
NOI $28,912 @ 7.0% cap · market cap 3.66%
Second Best
Apartment 5plus
$408.6K
$357.5K – $476.7K
NOI $28,600 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$862.5K
$754.7K – $1.01M
NOI $60,378 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,329
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 - Detached two-family residence with four bedrooms and outdoor space in Jamaica, Queens.
Where is this duplex located?
The property is located at 156-07 N Conduit Avenue Jamaica, NY.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: Detached two‑family property with four bedrooms and two bathrooms; 1,170 square feet of interior space; Level backyard
