Two-Family Duplex with
New
For Sale
$1,299,999
168-11 84th Avenue, Jamaica, NY 11432
Two residential units offer three-bedroom layouts, while a finished basement adds separate-entry space and a bath.
Property Size1,908 SF
Days on Market6
Property Features for 168-11 84th Avenue
General Information
Standard status
Active
Size
1,908 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,447
Building Details
Building Size
1,908 SF
Year Built
1925
Listing Agency:
Exit Realty Prime
Listed By:
Sarwor Khan CBR
(347) 665-7580
Source:
Barbieliteam
Added: Sep 14
Changed: Sep 19
Last Checked: Sep 19 at 7:02AM
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 Exit Realty Prime
Investment Insights
Based on property information with market context.
This two-family residential property, built in 1925, provides a three-bedroom arrangement on each of its two primary floors. Both levels include living and dining areas, kitchens, one full bathroom, and one half bathroom. The second floor has been fully renovated, adding updated condition to one of the two units.
A finished basement expands the property with two additional rooms and a bathroom, along with its own separate entrance. The property is scheduled for delivery vacant, allowing the next owner to occupy or lease the available space subject to applicable requirements.
A finished basement expands the property with two additional rooms and a bathroom, along with its own separate entrance. The property is scheduled for delivery vacant, allowing the next owner to occupy or lease the available space subject to applicable requirements.
Key Highlights
- Two‑family duplex configuration with three‑bedroom layouts on both primary floors
- Second floor fully renovated
- Finished basement includes 2 rooms and a bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,640
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$932,800
$932.8K
Cap Rate 7%
$666,286
$666.3K
Cap Rate 9%
$518,222
$518.2K
Market Conditions
NOI Build-Up for 1,908 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$88.1K $46.20/SF
− Vacancy
−$3.3K −$1.76/SF
EGI
$84.8K $44.44/SF
− OpEx
−$38.2K −$20.00/SF
NOI
$46.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$932,800
Cap Rate 7%
$666,286
Cap Rate 9%
$518,222
Alternative Uses
Best Use
Apartment 5plus
$666.3K
$583.0K – $777.3K
NOI $46,640 @ 7.0% cap · market cap 3.59%
Second Best
Multifamily LT 5
$451.1K
$394.8K – $526.3K
NOI $31,580 @ 7.0% cap · market cap 2.43%
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,462 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,732
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer three-bedroom layouts, while a finished basement adds separate-entry space and a bath.
Where is this duplex located?
The property is located at 168-11 84th Avenue Jamaica, NY.
What is the asking price?
The asking price for this property is $1,299,999.
What are key features of this property?
This property features: Two‑family duplex configuration with three‑bedroom layouts on both primary floors; Second floor fully renovated; Finished basement includes 2 rooms and a bath
