Two-Family Home with
84-70 159th Street, Jamaica, NY 11432
For Sale
$1,799,000
Detached residence with private parking, laundry facilities, and a backyard.
Property Size2,970 SF
Price / SF$605.72
Days on Market63
Property Features for 84-70 159th Street
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
central vacuum system
dedicated laundry amenities
private backyard
First Floor Bedroom
Eat-in Kitchen
Other
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
Express Realty Prime
(929) 794-7950
Listed By:
Indrojit Sarker SFR
(347) 867-3851
Source:
Croninreale
Added: Sep 8
Changed: Nov 7
Last Checked: Nov 8 at 8:21PM
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 Express Realty Prime
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Investment Insights
Based on property information with market context.
Built in 1998, this detached two-family home contains 2,970 square feet, with 8 bedrooms and 4 bathrooms. A brick front, central vacuum system, laundry amenities, private driveway, and built-in garage are among its features. The property also includes a backyard.
The home is near Hillside Avenue and Parsons Boulevard, with shopping, dining, and F-train subway service in the surrounding area. The Grand Central Parkway provides a nearby route for drivers.
The home is near Hillside Avenue and Parsons Boulevard, with shopping, dining, and F-train subway service in the surrounding area. The Grand Central Parkway provides a nearby route for drivers.
Key Highlights
- Legal two‑family residence with 8 bedrooms and 4 bathrooms
- 2,970 square feet; built in 1998
- Detached brick‑front home with a built‑in garage and private driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,600
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,452,000
$1.5M
Cap Rate 7%
$1,037,143
$1.0M
Cap Rate 9%
$806,667
$806.7K
Market Conditions
NOI Build-Up for 2,970 SF
Gross rent
$137.2K $46.20/SF
− Vacancy
−$5.2K −$1.76/SF
EGI
$132.0K $44.44/SF
− OpEx
−$59.4K −$20.00/SF
NOI
$72.6K $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%
$1,452,000
Cap Rate 7%
$1,037,143
Cap Rate 9%
$806,667
Alternative Uses
Best Use
Apartment 5plus
$1.04M
$907.5K – $1.21M
NOI $72,600 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.19M
$1.92M – $2.55M
NOI $153,266 @ 7.0% cap · market cap 8.52%
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
Highway access
Location Intelligence
Trade Area within ½ mile
2,256
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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Cap Rate, Value Estimation, Potential NOI and more
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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 - Detached residence with private parking, laundry facilities, and a backyard.
Where is this multifamily property located?
The property is located at 84-70 159th Street Jamaica, NY.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: Legal two‑family residence with 8 bedrooms and 4 bathrooms; 2,970 square feet; built in 1998; Detached brick‑front home with a built‑in garage and private driveway
