Brick Duplex with
New
For Sale
$1,488,000
31-12 71st Street, Jackson Heights, NY 11370
Renovated two-family residence with a private driveway, fenced yard, and patio.
Property Size2,200 SF
Price / SF$676.36
Days on Market2
Property Features for 31-12 71st Street
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,074
Building Details
Building Size
2,200 SF
Year Built
1955
Buildings
1
Units
2
Construction
Brick
Listing Agency:
HomeCoin.com
Listed By:
Jonathan Minerick · License #01523060
(678) 472-9268
Source:
Georgemcknight
Added: Oct 23
Last Checked: Oct 23 at 4:20PM
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 HomeCoin.com
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Investment Insights
Based on property information with market context.
This semi-detached brick duplex is configured as a legal two-family property and contains 2,200 square feet. Recent work includes interior painting and refinished hardwood floors throughout, along with an updated gas boiler and a gas hot water heater installed in 2025. The basement has both front and rear entrances.
Outdoor features include a fenced front and side yard, a larger rear yard with patio, and a private driveway leading to a one-car garage with an automatic door opener. Shopping, transportation, the airport, and schools are noted in the surrounding area.
Outdoor features include a fenced front and side yard, a larger rear yard with patio, and a private driveway leading to a one-car garage with an automatic door opener. Shopping, transportation, the airport, and schools are noted in the surrounding area.
Key Highlights
- Legal two‑family configuration in a semi‑detached brick building
- 2,200 square feet
- Recent renovation includes fresh paint and refinished hardwood floors throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,778
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,075,560
$1.1M
Cap Rate 7%
$768,257
$768.3K
Cap Rate 9%
$597,533
$597.5K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$101.6K $46.20/SF
− Vacancy
−$3.9K −$1.76/SF
EGI
$97.8K $44.44/SF
− OpEx
−$44.0K −$20.00/SF
NOI
$53.8K $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%
$1,075,560
Cap Rate 7%
$768,257
Cap Rate 9%
$597,533
Alternative Uses
Best Use
Apartment 5plus
$768.3K
$672.2K – $896.3K
NOI $53,778 @ 7.0% cap · market cap 3.61%
Second Best
Multifamily LT 5
$520.2K
$455.2K – $606.9K
NOI $36,414 @ 7.0% cap · market cap 2.45%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,531 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,406
Businesses Nearby
Explore this area
Business Placement
Demographics for 11370, NY
34,683
Population
11,679
Households
3
Avg Household Size
38
Median Age
25%
College-Educated
77%
High-School Grad
1.5 sq mi
ZIP Area
23,122
Density / Sq Mi
$74,895
Median Household Income
$43,313
Median Earnings
$2,071
Median Rent
$843,600
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?
Duplex - Renovated two-family residence with a private driveway, fenced yard, and patio.
Where is this duplex located?
The property is located at 31-12 71st Street Jackson Heights, NY.
What is the asking price?
The asking price for this property is $1,488,000.
What are key features of this property?
This property features: Legal two‑family configuration in a semi‑detached brick building; 2,200 square feet; Recent renovation includes fresh paint and refinished hardwood floors throughout
