Two-Family Residence with Finished
160-15 118th Road Jamaica, NY 11434
160-15 118th Road, Jamaica, NY, 11434
Contact for pricing
For Sale
Contact for pricing
Brand-new two-family home featuring fully finished basement living and multiple bedrooms designed for flexible ownership or rental use.
Property Size3,550 SF
Price / SF$354.62
Days on Market56
Property Features for 160-15 118th Road
General Information
- Standard status
- Active
- Size
- 3,550 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2025
Listing agency
Budget Real Estate NYC INC
Listed by
Inbal Levy · License #NY 10311208049
Source
Crexi
Added: May 28 Updated: Jul 10 at 1:50PM Checked: Jul 21 at 11:31AM
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 Budget Real Estate NYC INC
Investment Insights
Based on property information with market context.
A brand-new two-family home offering a practical, flexible layout with two full residential units and additional finished space. Each unit includes three bedrooms and two full bathrooms, with a configuration well-suited to comfortable multi-room living. The property also includes a fully finished basement with space for two additional bedrooms and a full bathroom, providing expanded options for guest use, extended living, or additional tenant space. A full-size attic adds further versatility and can be adapted for an extra bedroom, home office, or creative room. Washer and dryer hookups are available in the basement, and the home is supported by a private driveway.
Located in Jamaica, NY, the property is served by its own private driveway, supporting straightforward day-to-day access for residents and guests. All units are currently fully rented, providing an immediate occupied setup for an owner-operator or investor.
From a tenant and owner standpoint, the unit mix offers a clear path for three-bedroom occupancy in both apartments, supported by the basement’s additional bedroom and full-bath capacity. For investors, the listing notes all units are fully rented and cites nearly $10,000 per month in potential income, while end-users can benefit from having rental income alongside substantial on-site living and flexible extra space.
Located in Jamaica, NY, the property is served by its own private driveway, supporting straightforward day-to-day access for residents and guests. All units are currently fully rented, providing an immediate occupied setup for an owner-operator or investor.
From a tenant and owner standpoint, the unit mix offers a clear path for three-bedroom occupancy in both apartments, supported by the basement’s additional bedroom and full-bath capacity. For investors, the listing notes all units are fully rented and cites nearly $10,000 per month in potential income, while end-users can benefit from having rental income alongside substantial on-site living and flexible extra space.
Key Highlights
- Brand‑new 2‑family home built in 2025
- Over 3,500 SF with two units, each offering 3 bedrooms and 2 full bathrooms
- Fully finished basement with space for 2 additional bedrooms and a full bathroom
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $164.0k | $46.20 |
| − Vacancy | −$6.2k | −$1.76 |
| EGI | $157.8k | $44.44 |
| − OpEx | −$71.0k | −$20.00 |
| NOI | $86.8k | $24.44 |
3,550 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.24M
$1.08M – $1.45M
NOI $86,778 @ 7.0% cap · market cap 6.89%
Second Best
Multifamily LT 5
$839.4K
$734.5K – $979.3K
NOI $58,758 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$2.62M
$2.29M – $3.05M
NOI $183,197 @ 7.0% cap · market cap 14.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Brand-new two-family home featuring fully finished basement living and multiple bedrooms designed for flexible ownership or rental use.
Where is this duplex located?
The property is located at 160-15 118th Road Jamaica, NY.
What is the asking price?
The asking price for this property is $1,258,888.
What are key features of this property?
This property features: Brand‑new 2‑family home built in 2025; Over 3,500 SF with two units, each offering 3 bedrooms and 2 full bathrooms; Fully finished basement with space for 2 additional bedrooms and a full bathroom
