Jamaica Multifamily Investment
For Sale
$1,080,000
174-53 128th Avenue, Queens, NY 11434
Well-located Jamaica property with strong rental demand and appreciation potential.
Property Size1,436 SF
Price / SF$752.09
Days on Market198
Property Features for 174-53 128th Avenue
General Information
Standard status
Active
Size
1,436 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$6,976
Amenities
No, Yes, 1.0, Driveway
Baseboard
Square Feet
Finished, Yes
1st Floor Bedrm, First Floor Full Bath, Granite Counters, High Ceilings, Open Floorplan, Pantry, Public, Soaking Tub
First Floor Bedroom, First Floor Full Bath, Granite Counters, High Ceilings, Open Floorplan, Pantry, Soaking Tub
1st Fl Master Bedroom, Granit Countertops, High Ceilings, Pantry, Soacking Tub
No
Shingle Siding, Stucco
Driveway
Building Details
Year Built
2007
Listing Agency:
Keller Williams Realty Empire
Listed By:
Gennaro Pagano · License #0122828
(718) 954-8400
Source:
Compass
Added: Mar 27
Changed: Oct 10
Last Checked: Oct 9 at 11:16PM
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 Keller Williams Realty Empire
Investment Insights
Based on property information with market context.
Located in Jamaica, 174-53 128th Avenue is positioned in an accessible and thriving neighborhood. The property is located minutes from major transportation hubs, including the E and F subway lines and the Long Island Rail Road, providing access to Manhattan, Brooklyn, Queens, and JFK Airport. The location is suited for commuters. The property is located close to transit, shopping, dining, entertainment, local schools, parks, and services. The property is suited for investors, first-time buyers, or multi-family use. The property has rental demand and potential for value-add appreciation.
Key Highlights
- Prime Jamaica location with strong market fundamentals and future appreciation potential.
- Excellent access to E & F subway lines and LIRR, providing seamless commuting to Manhattan, Brooklyn, Queens, and JFK Airport.
- Ideal for investors, first‑time buyers, or multi‑family use, offering versatility.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,102
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$702,040
$702.0K
Cap Rate 7%
$501,457
$501.5K
Cap Rate 9%
$390,022
$390.0K
Market Conditions
NOI Build-Up for 1,436 SF
Gross rent
$66.3K $46.20/SF
− Vacancy
−$2.5K −$1.76/SF
EGI
$63.8K $44.44/SF
− OpEx
−$28.7K −$20.00/SF
NOI
$35.1K $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%
$702,040
Cap Rate 7%
$501,457
Cap Rate 9%
$390,022
Alternative Uses
Best Use
Apartment 5plus
$501.5K
$438.8K – $585.0K
NOI $35,102 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.06M
$926.3K – $1.24M
NOI $74,104 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
660
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
Check the figures for this property
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?
Multifamily property - Well-located Jamaica property with strong rental demand and appreciation potential.
Where is this multifamily property located?
The property is located at 174-53 128th Avenue Queens, NY.
What is the asking price?
The asking price for this property is $1,080,000.
What are key features of this property?
This property features: Prime Jamaica location with strong market fundamentals and future appreciation potential.; Excellent access to E & F subway lines and LIRR, providing seamless commuting to Manhattan, Brooklyn, Queens, and JFK Airport.; Ideal for investors, first‑time buyers, or multi‑family use, offering versatility.
