Multifamily Home in Jamaica
For Sale
$849,999
Pending
8041 159th St, Queens, NY 11432
1500 sq ft multifamily home with 5 bedrooms.
Property Size1,472 SF
Lot Size0.06 Acres
Days on Market314
Property Features for 8041 159th St
General Information
Standard status
Pending
Size
1,472 SF
Lot size
0.06 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$6,064
Building Details
Building Size
1,472 SF
Year Built
1920
Units
2
Listing Agency:
EXP Realty
Listed By:
Aaron Zucker · License #10401312435
(718) 404-6483
Source:
Elliman
Added: Nov 28, 2025
Changed: Sep 23
Last Checked: Oct 7 at 1:59PM
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
Investment Insights
Based on property information with market context.
This 1500 sq ft multifamily home, sold as is with no access, features 5 bedrooms and 2 full baths. It is located in the Jamaica Hills neighborhood. The property offers generous living space, well-proportioned bedrooms, and a flexible layout. It is suitable for multi-generational living or rental income. The residence is conveniently located near schools, shopping, transportation, and local amenities.
Key Highlights
- Multifamily home with 5 bedrooms and 2 full baths.
- Enjoy 1500 sq ft of generous living space.
- Excellent opportunity for homeowners and investors.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,982
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$719,640
$719.6K
Cap Rate 7%
$514,029
$514.0K
Cap Rate 9%
$399,800
$399.8K
Market Conditions
NOI Build-Up for 1,472 SF
Gross rent
$68.0K $46.20/SF
− Vacancy
−$2.6K −$1.76/SF
EGI
$65.4K $44.44/SF
− OpEx
−$29.4K −$20.00/SF
NOI
$36.0K $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%
$719,640
Cap Rate 7%
$514,029
Cap Rate 9%
$399,800
Alternative Uses
Best Use
Apartment 5plus
$514.0K
$449.8K – $599.7K
NOI $35,982 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$949.5K – $1.27M
NOI $75,962 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,161
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - 1500 sq ft multifamily home with 5 bedrooms.
Where is this multifamily property located?
The property is located at 8041 159th St Queens, NY.
What is the asking price?
The asking price for this property is $849,999.
What are key features of this property?
This property features: Multifamily home with 5 bedrooms and 2 full baths.; Enjoy 1500 sq ft of generous living space.; Excellent opportunity for homeowners and investors.
