Duplex with Rooftop
17518 Rex Rd, Queens, NY 11433
For Sale
$1,500,000
Finished lower-level and attic areas add flexible space, with parking areas provided on either side of the corner property.
Property Size3,594 SF
Days on Market8
Property Features for 17518 Rex Rd
General Information
Standard status
Size
Property subtype
Additional Details
Asking Price
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
rooftop balconies
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
eXp Realty
Listed By:
Niccolo Saraceno · License NY RES.0805221
(860) 559-1695
Source:
Elliman
Added: Nov 8
Changed: Nov 14
Last Checked: Nov 14 at 6:41AM
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 eXp Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2026-built duplex has two primary residential units, along with a finished lower level and finished attic area. Both additional areas have separate access. A rooftop balcony provides outdoor space, and parking areas are located on either side of the property.
The property is situated on a corner lot in Jamaica, Queens, at 17518 Rex Rd. Walk Score is 97, Bike Score is 52, and Transit Score is 100.
The property is situated on a corner lot in Jamaica, Queens, at 17518 Rex Rd. Walk Score is 97, Bike Score is 52, and Transit Score is 100.
Key Highlights
- Two primary residential units
- Finished lower level and attic, each with separate access
- Rooftop balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,811
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,776,220
$1.8M
Cap Rate 7%
$1,268,729
$1.3M
Cap Rate 9%
$986,789
$986.8K
Market Conditions
NOI Build-Up for 3,594 SF
Gross rent
$138.0K $38.40/SF
− Vacancy
−$11.1K −$3.10/SF
EGI
$126.9K $35.30/SF
− OpEx
−$38.1K −$10.59/SF
NOI
$88.8K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,776,220
Cap Rate 7%
$1,268,729
Cap Rate 9%
$986,789
Alternative Uses
Best Use
Multifamily LT 5
$1.27M
$1.11M – $1.48M
NOI $88,811 @ 7.0% cap · market cap 5.92%
Second Best
Apartment 5plus
$1.26M
$1.10M – $1.46M
NOI $87,853 @ 7.0% cap · market cap 5.86%
Theoretical Best
Office A
$2.65M
$2.32M – $3.09M
NOI $185,468 @ 7.0% cap · market cap 12.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,594
Businesses Nearby
Explore this area
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
$625,600
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Queens, NY
Properties on Market for Duplexes in Queens
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Finished lower-level and attic areas add flexible space, with parking areas provided on either side of the corner property.
Where is this duplex located?
The property is located at 17518 Rex Rd Queens, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Two primary residential units; Finished lower level and attic, each with separate access; Rooftop balcony
