2-Family Duplex with
New
For Sale
$764,900
161-33 128th Avenue, Jamaica, NY 11434
A separate-entry full basement, private driveway, and backyard add practical features to this two-unit residence.
Property Size1,880 SF
Price / SF$406.86
Days on Market2
Property Features for 161-33 128th Avenue
General Information
Standard status
Active
Size
1,880 SF
Property subtype
Residential Income
Property Condition
Severity
Repairs Needed
Evidence
needs some love and updating
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,402
Amenities
full basement
private driveway
backyard
First Floor Bedroom
First Floor Full Bath
Eat-in Kitchen
Open Kitchen
Building Details
Building Size
1,880 SF
Year Built
1930
Buildings
1
Units
2
Listing Agency:
ERA/Top Service Realty Inc
Listed By:
Chimeodo I. Uche CBR
Source:
Georgemcknight
Added: Oct 23
Last Checked: Oct 23 at 3:40PM
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 ERA/Top Service Realty Inc
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Investment Insights
Based on property information with market context.
This legal two-family duplex contains approximately 1,880 sq. ft. of living space and was built in 1930. A full basement has its own entrance, and the property also includes a private driveway and backyard. The residence requires updating, offering a chance to renovate its existing living space and basement configuration.
Schools, shopping, dining, and neighborhood services are nearby.
Schools, shopping, dining, and neighborhood services are nearby.
Key Highlights
- Legal two‑family residence with approximately 1,880 sq. ft. of living space
- Full basement with a separate entrance
- Private driveway and backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,956
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$919,120
$919.1K
Cap Rate 7%
$656,514
$656.5K
Cap Rate 9%
$510,622
$510.6K
Market Conditions
NOI Build-Up for 1,880 SF
Gross rent
$86.9K $46.20/SF
− Vacancy
−$3.3K −$1.76/SF
EGI
$83.6K $44.44/SF
− OpEx
−$37.6K −$20.00/SF
NOI
$46.0K $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%
$919,120
Cap Rate 7%
$656,514
Cap Rate 9%
$510,622
Alternative Uses
Best Use
Apartment 5plus
$656.5K
$574.5K – $765.9K
NOI $45,956 @ 7.0% cap · market cap 6.01%
Second Best
Multifamily LT 5
$444.5K
$389.0K – $518.6K
NOI $31,117 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $97,017 @ 7.0% cap · market cap 12.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,431
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A separate-entry full basement, private driveway, and backyard add practical features to this two-unit residence.
Where is this duplex located?
The property is located at 161-33 128th Avenue Jamaica, NY.
What is the asking price?
The asking price for this property is $764,900.
What are key features of this property?
This property features: Legal two‑family residence with approximately 1,880 sq. ft. of living space; Full basement with a separate entrance; Private driveway and backyard
