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    New Construction Two-Family Home Title is generated by Realmo AI

    160-15 118th Road, Jamaica, NY 11434

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    Claim this Listing
    Pending
    $1,258,888

    MULTI_FAMILY - Jamaica South, NY

    Property size:
    3,500 SF
    Added:
    Mar 18, 2026
    Days on Market:
    89
    Last Refresh:
    Jun 14 at 5:06 pm

    Property Features for 160-15 118th Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Bedrooms
    6
    Bathrooms
    5
    Rooms
    Bedroom 3, Bedroom 5, Basement, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 3, Bathroom 5, Bathroom 4, Bedroom 2, Bathroom 2, Bedroom 6
    Parking
    4
    Parking features
    Driveway
    Interior features
    First Floor Bedroom, High Ceilings, Open Floorplan, Open Kitchen, Primary Bathroom, Walk Through Kitchen, Walk-In Closet(s)
    Basement
    Full, Walk-Out Access, Finished
    Standard status
    Pending
    Size
    3,500 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    6000

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Energy Star Qualified Equipment (Heating), Electric (Heating)
    Cooling system
    ENERGY STAR Qualified Equipment, Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    2025
    Number of units
    3
    Flooring type
    Hardwood, Tile, Combination
    Building materials
    Aluminum Siding, Brick

    We can help!

    Listing Contact
    Inbal Levy

    Listing agent Inbal Levy License #10311210494

    Listing office B2B Real Estate Group Inc 4 Chelsea Place Ste 4E, hewlett, NY

    Listing date Mar 18, 2026

    MLS# 974100 Listing URL

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Under construction brand‑new two‑family home with fully finished basement and private driveway
    • Two‑family layout: each unit has 3 bedrooms and 2 full bathrooms
    • Spanning over 3,500 SF with high ceilings and an open floorplan with open kitchen(s)
    • Includes walk‑through kitchen, first‑floor bedroom, and walk‑in closet(s)
    • Basement adds flexibility with washer/dryer hookups and space for two additional bedrooms plus a full bathroom
    • Utilities: public water and public sewer; central air and forced‑air heating with ENERGY STAR qualified equipment

    Overview

    This new construction two-family home is located in Jamaica South, NY. The property features a fully finished basement and a full-size attic. Each unit includes three bedrooms and two full bathrooms, suitable for comfortable living or rental income. The finished basement can accommodate two additional bedrooms and a full bathroom, ideal for extended living or guest use. The property spans over 3,500 square feet and includes a private driveway and washer and dryer hookups in the basement. The property is fully rented and offers a potential income of nearly $10,000 per month.

    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 $161.7k $46.20
    − Vacancy −$6.1k −$1.76
    EGI $155.6k $44.44
    − OpEx −$70.0k −$20.00
    NOI $85.6k $24.44
    3,500 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $1.22M
    $1.07M – $1.43M (±1% cap)
    NOI $85,555 @ 7.0% cap · market cap 6.80%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $2.58M
    $2.26M – $3.01M (±1% cap)
    NOI $180,617 @ 7.0% cap · market cap 14.35%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jamaica
    County
    Queens
    State
    New York
    Longitude
    -73.784552
    Latitude
    40.682502

    FAQs

    What type of property is this?
    Multifamily property - Spacious two-family home with finished basement, ideal for investors.
    Where is this multifamily property 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: Under construction brand‑new two‑family home with fully finished basement and private driveway; Two‑family layout: each unit has 3 bedrooms and 2 full bathrooms; Spanning over 3,500 SF with high ceilings and an open floorplan with open kitchen(s)
    More about this property
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