Two-Unit Duplex with Rear
16361 Sayres Avenue, Jamaica, NY 11433
For Sale
$1,292,000
A corner property offers two six-bedroom residences, a finished basement, and substantial off-street parking.
Property Size2,000 SF
Lot Size0.10 Acres
Price / SF$646
Days on Market56
Property Features for 16361 Sayres Avenue
General Information
Standard status
Size
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
First Floor Bedroom
Open Floorplan
Open Kitchen
Building Details
Building Size
Year Built
Units
Listing Agency:
Charles Rutenberg Realty Inc
(718) 229-2011
Listed By:
Steven Dianat
(516) 770-2529
Source:
Clairedleone
Added: Sep 15
Changed: Nov 6
Last Checked: Nov 8 at 4:08AM
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 Charles Rutenberg Realty Inc
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Investment Insights
Based on property information with market context.
This 1995 duplex contains two residences, each with three bedrooms. The first-floor unit has 1.5 baths, a living room, formal dining room, and updated kitchen with an island. The second-floor unit includes one bath. A fully finished, tiled basement provides additional rooms and a laundry area with washer and dryer; the building also has a gas boiler and hot water heater. The property measures 2,000 square feet and sits on an oversized 4,400-square-foot lot, with a large rear parking area.
The corner location is one block from Guy Brewer Boulevard and Linden Boulevard, and three blocks from Merrick Boulevard. Bus routes 111, 113, 114, QM21, 84, 85, 4, 5, N4, and N4X are within walking distance.
The corner location is one block from Guy Brewer Boulevard and Linden Boulevard, and three blocks from Merrick Boulevard. Bus routes 111, 113, 114, QM21, 84, 85, 4, 5, N4, and N4X are within walking distance.
Key Highlights
- Two residences, each with three bedrooms
- First‑floor unit has 1.5 baths; second‑floor unit has one bath
- 2,000‑square‑foot property on a 4,400‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,422
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$988,440
$988.4K
Cap Rate 7%
$706,029
$706.0K
Cap Rate 9%
$549,133
$549.1K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$76.8K $38.40/SF
− Vacancy
−$6.2K −$3.10/SF
EGI
$70.6K $35.30/SF
− OpEx
−$21.2K −$10.59/SF
NOI
$49.4K $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%
$988,440
Cap Rate 7%
$706,029
Cap Rate 9%
$549,133
Alternative Uses
Best Use
Multifamily LT 5
$706.0K
$617.8K – $823.7K
NOI $49,422 @ 7.0% cap · market cap 3.83%
Second Best
Apartment 5plus
$698.4K
$611.1K – $814.8K
NOI $48,889 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,210 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,483
Businesses Nearby
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Business Placement
Demographics for 11433, NY
39,071
Population
11,849
Households
3.3
Avg Household Size
37
Median Age
19%
College-Educated
77%
High-School Grad
1.5 sq mi
ZIP Area
26,047
Density / Sq Mi
$71,177
Median Household Income
$39,540
Median Earnings
$1,529
Median Rent
$625,600
Median Home Value
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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 - A corner property offers two six-bedroom residences, a finished basement, and substantial off-street parking.
Where is this duplex located?
The property is located at 16361 Sayres Avenue Jamaica, NY.
What is the asking price?
The asking price for this property is $1,292,000.
What are key features of this property?
This property features: Two residences, each with three bedrooms; First‑floor unit has 1.5 baths; second‑floor unit has one bath; 2,000‑square‑foot property on a 4,400‑square‑foot lot
