Brick Multifamily
18007 90th Avenue, Jamaica, NY 11432
For Sale
New
$1,350,000
The finished, walk-out basement adds flexible living area to this brick residence.
Property Size3,156 SF
Price / SF$427.76
Days on Market6
Property Features for 18007 90th Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Gross Income
Highway Access
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Finished,Full,Walk-Out Access
Yes
First Floor Bedroom
Finished, Full, Walk-Out Access
Public
No
On Street
3156
Building Details
Building Size
Year Built
Construction
Listing Agency:
(929) 345-3889
Listed By:
Islam Jahad
Source:
Suitsre
Added: Nov 9
Changed: Nov 10
Last Checked: Nov 13 at 11:47AM
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 Islam Jahad
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2007, this brick multifamily property offers approximately 3,156 square feet of living space. The described floor layout includes a living room, dining area, kitchen, two bedrooms, and a full bathroom on each floor. A finished basement with walk-out access provides additional interior space.
The property is located in Jamaica, Queens, near schools, shopping, transportation, and major highways.
The property is located in Jamaica, Queens, near schools, shopping, transportation, and major highways.
Key Highlights
- Approximately 3,156 square feet of living space
- Brick construction; built in 2007
- Each floor has a living room, dining area, kitchen, 2 bedrooms, and a full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,147
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,542,940
$1.5M
Cap Rate 7%
$1,102,100
$1.1M
Cap Rate 9%
$857,189
$857.2K
Market Conditions
NOI Build-Up for 3,156 SF
Gross rent
$145.8K $46.20/SF
− Vacancy
−$5.5K −$1.76/SF
EGI
$140.3K $44.44/SF
− OpEx
−$63.1K −$20.00/SF
NOI
$77.1K $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%
$1,542,940
Cap Rate 7%
$1,102,100
Cap Rate 9%
$857,189
Alternative Uses
Best Use
Apartment 5plus
$1.10M
$964.3K – $1.29M
NOI $77,147 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.33M
$2.04M – $2.71M
NOI $162,865 @ 7.0% cap · market cap 12.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,809
Businesses Nearby
Explore this area
Business Placement
Demographics for 11432, NY
65,743
Population
21,618
Households
3
Avg Household Size
39
Median Age
36%
College-Educated
80%
High-School Grad
2.0 sq mi
ZIP Area
32,872
Density / Sq Mi
$75,395
Median Household Income
$37,385
Median Earnings
$1,841
Median Rent
$826,100
Median Home Value
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Market
Properties on Market for Multifamily properties in Jamaica
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - The finished, walk-out basement adds flexible living area to this brick residence.
Where is this multifamily property located?
The property is located at 18007 90th Avenue Jamaica, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Approximately 3,156 square feet of living space; Brick construction; built in 2007; Each floor has a living room, dining area, kitchen, 2 bedrooms, and a full bathroom
