2-Unit Duplex with Finished
16905 104th Ave, Jamaica, NY 11433
For Sale
$1,699,999
Each residence has four bedrooms, three bathrooms, an open living and dining area, and its own laundry room.
Property Size5,589 SF
Lot Size0.09 Acres
Price / SF$304.17
Days on Market29
Property Features for 16905 104th Ave
General Information
Standard status
Size
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
Keystone Realty USA Corp
Listed By:
Gabriel Kashi · License #10401217533
(631) 261-2800
Source:
Searchhomesinlongisland
Added: Oct 11
Changed: Nov 7
Last Checked: Nov 7 at 7:06PM
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.
Built in 2026 on a 40-by-100-foot lot, this two-family residence contains two four-bedroom, three-bathroom units. Both feature open living and dining areas, granite kitchens with islands and stainless steel appliances, and primary suites with private bathrooms. A finished basement has high ceilings and both interior and exterior access. Laundry rooms serve each floor, with additional closet and storage space throughout. Building systems include central HVAC, along with updated electrical, heating, and plumbing installations.
The property is at 16905 104th Ave in Jamaica, near Merrick Boulevard, Liberty Avenue, and 168th Street. Schools, shopping centers, restaurants, cafes, parks, and major transportation are also nearby.
The property is at 16905 104th Ave in Jamaica, near Merrick Boulevard, Liberty Avenue, and 168th Street. Schools, shopping centers, restaurants, cafes, parks, and major transportation are also nearby.
Key Highlights
- Two residential units, each with 4 bedrooms and 3 bathrooms
- 40x100 lot
- Finished basement with interior and exterior access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$136,620
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,732,400
$2.7M
Cap Rate 7%
$1,951,714
$2.0M
Cap Rate 9%
$1,518,000
$1.5M
Market Conditions
NOI Build-Up for 5,589 SF
Gross rent
$258.2K $46.20/SF
− Vacancy
−$9.8K −$1.76/SF
EGI
$248.4K $44.44/SF
− OpEx
−$111.8K −$20.00/SF
NOI
$136.6K $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 Rate 5%
$2,732,400
Cap Rate 7%
$1,951,714
Cap Rate 9%
$1,518,000
Alternative Uses
Best Use
Apartment 5plus
$1.95M
$1.71M – $2.28M
NOI $136,620 @ 7.0% cap · market cap 8.04%
Second Best
Multifamily LT 5
$1.32M
$1.16M – $1.54M
NOI $92,507 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$4.12M
$3.61M – $4.81M
NOI $288,419 @ 7.0% cap · market cap 16.97%
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
4,204
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 - Each residence has four bedrooms, three bathrooms, an open living and dining area, and its own laundry room.
Where is this duplex located?
The property is located at 16905 104th Ave Jamaica, NY.
What is the asking price?
The asking price for this property is $1,699,999.
What are key features of this property?
This property features: Two residential units, each with 4 bedrooms and 3 bathrooms; 40x100 lot; Finished basement with interior and exterior access
