Two-Family Duplex with
For Sale
$1,369,000
16701 116th Avenue, Jamaica, NY 11434
New construction offers two three-bedroom residences, a finished basement, and private driveway parking.
Property Size3,212 SF
Price / SF$426.21
Days on Market9
Property Features for 16701 116th Avenue
General Information
Standard status
Active
Size
3,212 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,469
Amenities
Finished,Full
5
Yes
6
First Floor Bedroom,First Floor Full Bath,Chefs Kitchen,Eat-in Kitchen,Granite Counters,Open Kitchen,Primary Bathroom,Master Downstairs
Finished, Full
Public
No
Driveway, Garage, Private
3212
Building Details
Building Size
3,212 SF
Year Built
2026
Buildings
1
Listing Agency:
Keystone Realty USA Corp
(516) 703-2918
Listed By:
Josephine Nicolosi
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 3:46PM
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 Keystone Realty USA Corp
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Investment Insights
Based on property information with market context.
Completed in 2026, this two-family property contains two residences, each arranged with three bedrooms and two bathrooms. The open living and dining areas connect to kitchens with granite counters, custom cabinetry, stainless steel appliances, and islands. A finished basement offers additional interior space, and the property includes a private driveway and two-car garage.
At 16701 116th Avenue in Jamaica, the property is near Foch Boulevard, Merrick Boulevard, and Guy R. Brewer Boulevard. JFK Airport, the Belt Parkway, schools, shopping, restaurants, cafes, and parks are also identified among the nearby destinations.
At 16701 116th Avenue in Jamaica, the property is near Foch Boulevard, Merrick Boulevard, and Guy R. Brewer Boulevard. JFK Airport, the Belt Parkway, schools, shopping, restaurants, cafes, and parks are also identified among the nearby destinations.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- Newly constructed in 2026
- 3,212 property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,515
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,570,300
$1.6M
Cap Rate 7%
$1,121,643
$1.1M
Cap Rate 9%
$872,389
$872.4K
Market Conditions
NOI Build-Up for 3,212 SF
Gross rent
$148.4K $46.20/SF
− Vacancy
−$5.6K −$1.76/SF
EGI
$142.8K $44.44/SF
− OpEx
−$64.2K −$20.00/SF
NOI
$78.5K $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%
$1,570,300
Cap Rate 7%
$1,121,643
Cap Rate 9%
$872,389
Alternative Uses
Best Use
Apartment 5plus
$1.12M
$981.4K – $1.31M
NOI $78,515 @ 7.0% cap · market cap 5.74%
Second Best
Multifamily LT 5
$759.5K
$664.6K – $886.1K
NOI $53,164 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$2.37M
$2.07M – $2.76M
NOI $165,755 @ 7.0% cap · market cap 12.11%
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
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,255
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - New construction offers two three-bedroom residences, a finished basement, and private driveway parking.
Where is this duplex located?
The property is located at 16701 116th Avenue Jamaica, NY.
What is the asking price?
The asking price for this property is $1,369,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 bathrooms; Newly constructed in 2026; 3,212 property size
