2-Family Duplex with
New
For Sale
$764,900
161-33 128th Avenue, Jamaica, NY 11434
Residential Income, Jamaica, NY
Property Size1,880 SF
Lot Size0.06 Acres
Price / SF$406.86
Days on Market3
Property Features for 161-33 128th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 6, Bedroom 1, Bathroom 2, Basement, Bedroom 2
Parking features
Driveway, On Street
Interior features
First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen, Open Kitchen
Basement
Full, Unfinished
Elementary school
Ps 45 Clarence Witherspoon
Middle school
Hawtree Creek Middle School
High school
August Martin High School
Elementary school district
Queens 27
Middle school district
Queens 27
High school district
Queens 27
Special listing conditions
In Foreclosure, Real Estate Owned
Standard status
Active
APN
12269-0134
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7402
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Baseboard, Natural Gas
Water source
Public
Building Details
Year built
1930
Number of units
2
Building materials
Frame
Architectural style
Colonial
Listing Agency:
ERA/Top Service Realty Inc · ERA Real Estate
(718) 464-5800
Listed By:
Chimeodo I. Uche CBR
(917) 727-0375
Added: Oct 15
Changed: Oct 17
Last Checked: Oct 17 at 10:06PM
MLS# 1063784
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1930, this frame Colonial is configured as a legal two-family home with approximately 1,880 square feet of living space. The property includes a full basement with a separate entrance, a backyard, and a private driveway. Interior features include an eat-in kitchen, an open kitchen, and first-floor bedroom and full-bath accommodations. Updating is needed.
Key Highlights
- Legal two‑family home with approximately 1,880 sq. ft. of living space
- Full basement with separate entrance
- 0.0611‑acre lot with 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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,150
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A legal two-family residence includes a full basement with its own entrance and a private driveway.
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 home with approximately 1,880 sq. ft. of living space; Full basement with separate entrance; 0.0611‑acre lot with backyard
