Two-Unit Duplex with Finished
For Sale
$1,249,999
Pending
16818 144th Terrace, Jamaica, NY 11434
Two three-bedroom units are complemented by a finished lower level with a separate exterior entrance and full bathroom.
Property Size2,184 SF
Lot Size0.09 Acres
Days on Market9
Property Features for 16818 144th Terrace
General Information
Standard status
Pending
Size
2,184 SF
Lot size
0.09 Acres
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,555
Amenities
private driveway
backyard
finished basement
outside entrance
stainless steel appliances
Finished,Full
4
Yes
6
First Floor Bedroom,Eat-in Kitchen,Formal Dining,Galley Type Kitchen,Granite Counters,High Ceilings,Kitchen Island,Walk-In Closet(s)
Finished, Full
Public
No
Driveway
2184
Building Details
Building Size
2,184 SF
Year Built
1960
Buildings
1
Stories
2
Listing Agency:
(516) 703-2918
Listed By:
Matthew Dubinsky
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 29
Last Checked: Oct 28 at 9:18AM
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 Matthew Dubinsky
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Investment Insights
Based on property information with market context.
This 2,184-square-foot duplex, built in 1960, sits on a 40-by-100-foot lot. Its two units each have three bedrooms and a kitchen; the first-floor unit also has a full bathroom, while the second-floor unit is described with two bathrooms. A finished basement adds a full bathroom and an exterior entrance. Electrical and plumbing systems in the basement are new. The property also includes a private driveway with space for multiple vehicles and a backyard.
Key Highlights
- Two residential units, each with 3 bedrooms
- 2,184‑square‑foot building on a 40‑by‑100‑foot lot
- Finished basement with full bathroom and exterior entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,387
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,067,740
$1.1M
Cap Rate 7%
$762,671
$762.7K
Cap Rate 9%
$593,189
$593.2K
Market Conditions
NOI Build-Up for 2,184 SF
Gross rent
$100.9K $46.20/SF
− Vacancy
−$3.8K −$1.76/SF
EGI
$97.1K $44.44/SF
− OpEx
−$43.7K −$20.00/SF
NOI
$53.4K $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%
$1,067,740
Cap Rate 7%
$762,671
Cap Rate 9%
$593,189
Alternative Uses
Best Use
Apartment 5plus
$762.7K
$667.3K – $889.8K
NOI $53,387 @ 7.0% cap · market cap 4.27%
Second Best
Multifamily LT 5
$516.4K
$451.9K – $602.5K
NOI $36,149 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,705 @ 7.0% cap · market cap 9.02%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,820
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom units are complemented by a finished lower level with a separate exterior entrance and full bathroom.
Where is this duplex located?
The property is located at 16818 144th Terrace Jamaica, NY.
What is the asking price?
The asking price for this property is $1,249,999.
What are key features of this property?
This property features: Two residential units, each with 3 bedrooms; 2,184‑square‑foot building on a 40‑by‑100‑foot lot; Finished basement with full bathroom and exterior entrance
