Spacious Jamaica Two-Family
For Sale
$1,149,000
16116 Normal Rd, Queens, NY 11432
Two-family house with master bedrooms, conveniently located in Jamaica.
Property Size2,640 SF
Lot Size0.07 Acres
Days on Market309
Property Features for 16116 Normal Rd
General Information
Standard status
Active
Size
2,640 SF
Lot size
0.07 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$10,626
Building Details
Building Size
2,640 SF
Year Built
1920
Units
2
Listing Agency:
Century 21 Professional Realty
Listed By:
Neal J. Khoorchand · License #10311207397
(718) 659-0202
Source:
Elliman
Added: Dec 3, 2025
Changed: Sep 25
Last Checked: Oct 7 at 12:36PM
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 21 Professional Realty
Investment Insights
Based on property information with market context.
This spacious two-family house is located in Jamaica. The property features a four-bedroom unit and a two-bedroom unit. Each floor includes a master bedroom, an eat-in kitchen, and a living/dining room. The property is conveniently located near transportation, schools, places of worship, and JFK International Airport.
Key Highlights
- Two‑family house: Ideal for rental income or multi‑generational living.
- Master bedroom on each floor: Provides privacy and convenience.
- Spacious: Offers ample living space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,533
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,290,660
$1.3M
Cap Rate 7%
$921,900
$921.9K
Cap Rate 9%
$717,033
$717.0K
Market Conditions
NOI Build-Up for 2,640 SF
Gross rent
$122.0K $46.20/SF
− Vacancy
−$4.6K −$1.76/SF
EGI
$117.3K $44.44/SF
− OpEx
−$52.8K −$20.00/SF
NOI
$64.5K $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%
$1,290,660
Cap Rate 7%
$921,900
Cap Rate 9%
$717,033
Alternative Uses
Best Use
Apartment 5plus
$921.9K
$806.7K – $1.08M
NOI $64,533 @ 7.0% cap · market cap 5.62%
Second Best
Multifamily LT 5
$624.2K
$546.2K – $728.3K
NOI $43,696 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$1.95M
$1.70M – $2.27M
NOI $136,237 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,161
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
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family house with master bedrooms, conveniently located in Jamaica.
Where is this duplex located?
The property is located at 16116 Normal Rd Queens, NY.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: Two‑family house: Ideal for rental income or multi‑generational living.; Master bedroom on each floor: Provides privacy and convenience.; Spacious: Offers ample living space.
