Brick Two-Family
New
For Sale
$1,225,000
178-34 Selover Road, Jamaica, NY 11434
Separate utility meters and boilers support the property’s two-unit configuration.
Property Size2,484 SF
Price / SF$493.16
Days on Market4
Property Features for 178-34 Selover Road
General Information
Standard status
Active
Size
2,484 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Individually Metered Utilities
gas, electricity
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$8,127
Amenities
private driveway
separate basement entrance
Walk-Out Access
3
Yes
6
Other
Public
No
Driveway
2484
Building Details
Building Size
2,484 SF
Year Built
2000
Buildings
1
Construction
brick
Listing Agency:
Keller Williams Realty Greater
(516) 703-2918
Listed By:
Louis LaDonna
Source:
Hedgestonehomes
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 3:29PM
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 Greater
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Investment Insights
Based on property information with market context.
This 2,484-square-foot semi-detached brick duplex was built in 2000 and is arranged as two three-bedroom residences. A full basement has its own entrance and a second egress point. Each residence is served by a separate boiler, gas meter, and electric meter.
A private driveway provides on-site parking. The property is located on Selover Road in Jamaica, New York.
A private driveway provides on-site parking. The property is located on Selover Road in Jamaica, New York.
Key Highlights
- Two three‑bedroom residences in a semi‑detached brick duplex
- 2,484 square feet; built in 2000
- Full basement with separate entrance and second egress
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,720
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,214,400
$1.2M
Cap Rate 7%
$867,429
$867.4K
Cap Rate 9%
$674,667
$674.7K
Market Conditions
NOI Build-Up for 2,484 SF
Gross rent
$114.8K $46.20/SF
− Vacancy
−$4.4K −$1.76/SF
EGI
$110.4K $44.44/SF
− OpEx
−$49.7K −$20.00/SF
NOI
$60.7K $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%
$1,214,400
Cap Rate 7%
$867,429
Cap Rate 9%
$674,667
Alternative Uses
Best Use
Apartment 5plus
$867.4K
$759.0K – $1.01M
NOI $60,720 @ 7.0% cap · market cap 4.96%
Second Best
Multifamily LT 5
$587.3K
$513.9K – $685.2K
NOI $41,114 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$1.83M
$1.60M – $2.14M
NOI $128,186 @ 7.0% cap · market cap 10.46%
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
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,145
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 - Separate utility meters and boilers support the property’s two-unit configuration.
Where is this duplex located?
The property is located at 178-34 Selover Road Jamaica, NY.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: Two three‑bedroom residences in a semi‑detached brick duplex; 2,484 square feet; built in 2000; Full basement with separate entrance and second egress
