Brick Triplex with Driveway
For Sale
$1,789,000
Pending
8549 168th Street, Jamaica, NY 11432
Three residential levels provide a combined nine bedrooms and five bathrooms.
Property Size3,116 SF
Days on Market9
Property Features for 8549 168th Street
General Information
Standard status
Pending
Size
3,116 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/1BA, 2 x 3BR/2BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$11,420
Amenities
Finished
Yes
Eat-in Kitchen
Public
No
Driveway
3116
Building Details
Building Size
3,116 SF
Year Built
1970
Buildings
1
Stories
3
Construction
Brick
Listing Agency:
SSNT Realty Inc
(516) 703-2918
Listed By:
Hassan Mahmood
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 2:47PM
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 SSNT Realty Inc
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Investment Insights
Based on property information with market context.
This 3,116-square-foot brick triplex, built in 1970, is arranged across three floors. The first floor contains three bedrooms and one bathroom, while each of the upper two floors has three bedrooms and two bathrooms. Eat-in kitchens are included, and the property has driveway parking.
Key Highlights
- 3,116‑square‑foot brick triplex
- Three floors with three bedrooms on each level
- First floor: 3 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,169
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,523,380
$1.5M
Cap Rate 7%
$1,088,129
$1.1M
Cap Rate 9%
$846,322
$846.3K
Market Conditions
NOI Build-Up for 3,116 SF
Gross rent
$144.0K $46.20/SF
− Vacancy
−$5.5K −$1.76/SF
EGI
$138.5K $44.44/SF
− OpEx
−$62.3K −$20.00/SF
NOI
$76.2K $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%
$1,523,380
Cap Rate 7%
$1,088,129
Cap Rate 9%
$846,322
Alternative Uses
Best Use
Apartment 5plus
$1.09M
$952.1K – $1.27M
NOI $76,169 @ 7.0% cap · market cap 4.26%
Second Best
Multifamily LT 5
$736.8K
$644.7K – $859.6K
NOI $51,575 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$2.30M
$2.01M – $2.68M
NOI $160,801 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
5,090
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential levels provide a combined nine bedrooms and five bathrooms.
Where is this triplex located?
The property is located at 8549 168th Street Jamaica, NY.
What is the asking price?
The asking price for this property is $1,789,000.
What are key features of this property?
This property features: 3,116‑square‑foot brick triplex; Three floors with three bedrooms on each level; First floor: 3 bedrooms and 1 bathroom
