Building Details

Building Size 1,216 SF

Year Built 1927

Listing Agency: Century Homes Realty Group LLC

Listed By: Benjamin J. Shen CBR Show Phone

Source: Barbieliteam

Added: Jun 16 Changed: Oct 17 Last Checked: Oct 16 at 6:14PM

Report an Issue

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 Century Homes Realty Group LLC

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This legal two-family duplex contains one one-bedroom apartment on each floor. The first-floor unit is currently leased, while the second-floor apartment is vacant and fully renovated. The property includes two-car garage parking and was built in 1927.

The building measures 19 by 32 feet on a 19-by-100-foot lot and is zoned R4B. Its Jamaica Hills setting places the property near St. John's University and within walking distance of the E and F subway lines at Parsons Boulevard Station. The property is also located in Prime 28 School District.

Key Highlights

• Legal two‑family property with one one‑bedroom unit on each floor
• Second‑floor one‑bedroom apartment is vacant and fully renovated
• First‑floor unit is currently leased

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$29,724

Cap Rate

3.68%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$594,480 $594.5K

Cap Rate 7%

$424,629 $424.6K

Cap Rate 9%

$330,267 $330.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,216 SF

Gross rent

$56.2K $46.20/SF

− Vacancy

−$2.1K −$1.76/SF

EGI

$54.0K $44.44/SF

− OpEx

−$24.3K −$20.00/SF

NOI

$29.7K $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%

$594,480

Cap Rate 7%

$424,629

Cap Rate 9%

$330,267

Alternative Uses

Best Use

Apartment 5plus

$424.6K

$371.6K – $495.4K (±1% cap)

NOI $29,724 @ 7.0% cap · market cap 3.68%

Second Best

Multifamily LT 5

$287.5K

$251.6K – $335.5K (±1% cap)

NOI $20,127 @ 7.0% cap · market cap 2.49%

Theoretical Best

Office A

$896.4K

$784.4K – $1.05M (±1% cap)

NOI $62,751 @ 7.0% cap · market cap 7.77%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Duplexes

Suggested Use

Top Pick Gym & Fitness Center Garden Center Veterinary Clinic Kitchen & Bath Showroom Plumbing Service Bar & Pub

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

3,660

Businesses Nearby

Explore this area Business Placement

Demographics for 11432, NY

65,743

Population

21,618

Households

3

Avg Household Size

39

Median Age

36%

College-Educated

80%

High-School Grad

2.0 sq mi

ZIP Area

32,872

Density / Sq Mi

$75,395

Median Household Income

$37,385

Median Earnings

$1,841

Median Rent

$826,100

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Similar For Sale Nearby

See more

Duplex with Finished Basement

13446 157th Street, Jamaica, NY 11434

$749,000

1,238 SF

View details

Duplex with Detached Garage

161-24 84th Avenue, Jamaica, NY 11432

$950,000

View details

2-Family Duplex with Basement

161-33 128th Avenue, Jamaica, NY 11434

$764,900

0.06 Acres

View details

Two-Family Duplex with Basement

168-11 84th Avenue, Jamaica, NY 11432

$1,275,000

View details

Duplex Property

90-22 179th Street, Jamaica, NY 11432

$1,099,999

View details

Detached Two-Family Duplex

14734 224th Street, Jamaica, NY 11413

$1,280,000

0.08 Acres

View details

Detached Brick Duplex

127-20 160th St, Jamaica, NY 11434

$1,485,000

2,999 SF

View details

Renovated Two-Family Duplex

8837 161st Street, Jamaica, NY 11432

$1,329,000

0.04 Acres

View details

Two-Family Colonial Duplex

11645 146th Street, Jamaica, NY 11436

$799,000

0.05 Acres

View details

Two-Unit Duplex with Garage

Jamaica, NY 11434

$819,000

0.09 Acres

View details

Detached Two-Family Property

156-07 N Conduit Avenue, Jamaica, NY 11434

$790,000

0.09 Acres

View details

Two-Family Home with Driveway

15511 115th Drive, Jamaica, NY 11434

$789,888

0.07 Acres

View details

Frequently Asked Questions

What type of property is this?

Duplex - Two one-bedroom units include a renovated vacant apartment and a leased first-floor residence.

Where is this duplex located?

The property is located at 16011 84th Road Jamaica, NY.

What is the asking price?

The asking price for this property is $808,000.

What are key features of this property?

This property features: Legal two‑family property with one one‑bedroom unit on each floor; Second‑floor one‑bedroom apartment is vacant and fully renovated; First‑floor unit is currently leased