Renovated Multifamily
New
For Sale
$1,080,000
17453 128th Avenue, Jamaica, NY 11434
Three levels of living space include open layouts, a finished basement, and a private driveway.
Property Size1,436 SF
Price / SF$752.09
Days on Market4
Property Features for 17453 128th Avenue
General Information
Standard status
Active
Size
1,436 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/1BA, 1 x 1BR+office/1BA, 1 x 2BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,975
Amenities
First Floor Bedroom
First Floor Full Bath
Granite Counters
High Ceilings
Open Floorplan
Pantry
Soaking Tub
Building Details
Building Size
1,436 SF
Year Built
2007
Buildings
1
Units
2
Listing Agency:
Family Homes Realty Group
Listed By:
Joel Guzman
(646) 623-0950
Source:
Georgemcknight
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 26 at 4:07AM
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 Family Homes Realty Group
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Investment Insights
Based on property information with market context.
At 17453 128th Avenue, this renovated multifamily property offers living areas across the first floor, second floor, and finished basement. The first-floor layout has three bedrooms, a full bathroom, and connected living and dining areas. Upstairs, there is one bedroom, an office, a full bathroom, and an open living area with natural light. The basement adds two bedrooms, a full bathroom, a kitchen, and living and dining space.
A private driveway serves the property, which was built in 2007.
A private driveway serves the property, which was built in 2007.
Key Highlights
- First floor has 3 bedrooms, a full bathroom, and living and dining areas
- Second floor includes 1 bedroom, an office, and a full bathroom
- Finished basement contains 2 bedrooms, a full bathroom, a kitchen, and living and dining space
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.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,315
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?
Multifamily property - Three levels of living space include open layouts, a finished basement, and a private driveway.
Where is this multifamily property located?
The property is located at 17453 128th Avenue Jamaica, 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: First floor has 3 bedrooms, a full bathroom, and living and dining areas; Second floor includes 1 bedroom, an office, and a full bathroom; Finished basement contains 2 bedrooms, a full bathroom, a kitchen, and living and dining space
