New Two-Family Home, Investment
For Sale
$1,100,000
Pending
157-11 108th Ave, Queens, NY 11433
New semi-detached two-family home near York College, public transportation.
Property Size2,153 SF
Lot Size0.06 Acres
Days on Market314
Property Features for 157-11 108th Ave
General Information
Standard status
Pending
Size
2,153 SF
Lot size
0.06 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$6,891
Building Details
Building Size
2,153 SF
Year Built
2024
Units
2
Listing Agency:
Elite Realty of USA Inc
Listed By:
Rashaad Ahmad · License #10311208406
(917) 428-4527
Source:
Elliman
Added: Nov 28, 2025
Changed: Sep 29
Last Checked: Oct 7 at 12:48PM
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 Elite Realty of USA Inc
Investment Insights
Based on property information with market context.
This is a newly constructed, semi-detached two-family home offering investment potential. The property features hardwood flooring, contemporary lighting, and kitchens equipped with islands and stainless steel appliances. Each floor contains three bedrooms and two bathrooms. The property includes a large, full-finished, walkout basement. A private driveway provides off-street parking, and a backyard offers outdoor space. The location provides convenient access to shopping, groceries, York College, and public transportation, including the E, J, and Z trains, as well as the Q60, Q6, Q40, Q111, Q112, and Q114 buses. The home's interior features a living room and dining room. The property is suitable for rental income or for use as a spacious home for a large family.
Key Highlights
- Brand new 2‑family home built in 2024 with immediate occupancy.
- Excellent investment potential near York College and public transportation.
- Each floor features a spacious layout with 3 bedrooms and 2 bathrooms.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,629
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,052,580
$1.1M
Cap Rate 7%
$751,843
$751.8K
Cap Rate 9%
$584,767
$584.8K
Market Conditions
NOI Build-Up for 2,153 SF
Gross rent
$99.5K $46.20/SF
− Vacancy
−$3.8K −$1.76/SF
EGI
$95.7K $44.44/SF
− OpEx
−$43.1K −$20.00/SF
NOI
$52.6K $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%
$1,052,580
Cap Rate 7%
$751,843
Cap Rate 9%
$584,767
Alternative Uses
Best Use
Apartment 5plus
$751.8K
$657.9K – $877.2K
NOI $52,629 @ 7.0% cap · market cap 4.78%
Second Best
Multifamily LT 5
$509.1K
$445.5K – $593.9K
NOI $35,636 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $111,105 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,594
Businesses Nearby
Explore this area
Business Placement
Demographics for 11433, NY
39,071
Population
11,849
Households
3.3
Avg Household Size
37
Median Age
19%
College-Educated
77%
High-School Grad
1.5 sq mi
ZIP Area
26,047
Density / Sq Mi
$71,177
Median Household Income
$39,540
Median Earnings
$1,529
Median Rent
$625,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - New semi-detached two-family home near York College, public transportation.
Where is this duplex located?
The property is located at 157-11 108th Ave Queens, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Brand new 2‑family home built in 2024 with immediate occupancy.; Excellent investment potential near York College and public transportation.; Each floor features a spacious layout with 3 bedrooms and 2 bathrooms.
