New Duplex with Finished
16118 122nd Avenue, Jamaica, NY 11434
For Sale
$1,599,999
Pending
Two-family layout pairs central air conditioning with a finished, walk-out basement and private driveway.
Property Size2,800 SF
Lot Size0.09 Acres
Days on Market20
Property Features for 16118 122nd Avenue
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
central air conditioning
fireplace
finished basement
Finished,Full,Walk-Out Access
Hardwood
5
Yes
8
First Floor Bedroom
2
Finished, Full, Walk-Out Access
Electric,Living Room
Fenced,Full
Public
4
No
Detached, Driveway, Private
Lighting,Mailbox
2800
Building Details
Building Size
Year Built
Buildings
Listing Agency:
(516) 703-2918
Listed By:
Aman Deep Sabharwal
Source:
Hedgestonehomes
Added: Oct 21
Changed: Nov 9
Last Checked: Nov 8 at 4:45PM
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 Aman Deep Sabharwal
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Investment Insights
Based on property information with market context.
Completed in 2026, this duplex provides 2,800 square feet of living area, excluding the basement, on a 40-by-100-foot lot. The two-family home contains eight bedrooms and five bathrooms, with central air conditioning and a fireplace. A finished, walk-out basement has 8-foot ceilings, a full bathroom and a dedicated laundry room. A private driveway serves the property.
Key Highlights
- Two‑family duplex completed in 2026
- 2,800 square feet of living space, excluding the basement
- Eight bedrooms and five bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,190
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,383,800
$1.4M
Cap Rate 7%
$988,429
$988.4K
Cap Rate 9%
$768,778
$768.8K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$107.5K $38.40/SF
− Vacancy
−$8.7K −$3.10/SF
EGI
$98.8K $35.30/SF
− OpEx
−$29.7K −$10.59/SF
NOI
$69.2K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,383,800
Cap Rate 7%
$988,429
Cap Rate 9%
$768,778
Alternative Uses
Best Use
Multifamily LT 5
$988.4K
$864.9K – $1.15M
NOI $69,190 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$977.8K
$855.6K – $1.14M
NOI $68,444 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$2.06M
$1.81M – $2.41M
NOI $144,493 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,442
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Duplexes in Jamaica
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-family layout pairs central air conditioning with a finished, walk-out basement and private driveway.
Where is this duplex located?
The property is located at 16118 122nd Avenue Jamaica, NY.
What is the asking price?
The asking price for this property is $1,599,999.
What are key features of this property?
This property features: Two‑family duplex completed in 2026; 2,800 square feet of living space, excluding the basement; Eight bedrooms and five bathrooms
