3-Unit Residential
For Sale
$1,779,000
86-12 Kingston Place, Jamaica, NY 11432
Each residence has three bedrooms, two full bathrooms, and access to on-site parking.
Property Size3,237 SF
Price / SF$549.58
Days on Market9
Property Features for 86-12 Kingston Place
General Information
Standard status
Active
Size
3,237 SF
Total Parking Spaces
3
Property subtype
Residential Income
Units
Unit Mix
3 x 3BR/2BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$13,084
Amenities
Finished,Full
6
Yes
9
Other
Finished, Full
Public
No
Driveway, Private
3237
Building Details
Building Size
3,237 SF
Year Built
2005
Buildings
1
Listing Agency:
Century Homes Realty Group LLC
(516) 703-2918
Listed By:
Michael Giordano
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 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 Century Homes Realty Group LLC
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Investment Insights
Based on property information with market context.
This 3,237-square-foot triplex, built in 2005, contains three separate residences. Each unit offers three bedrooms and two full bathrooms, with three parking spaces provided on a private driveway.
The property is in Jamaica, near local transportation, shopping, and community amenities.
The property is in Jamaica, near local transportation, shopping, and community amenities.
Key Highlights
- Three separate residential units, each with 3 bedrooms and 2 full bathrooms
- 3,237 square feet of building area
- Three parking spaces on a private driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,127
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,582,540
$1.6M
Cap Rate 7%
$1,130,386
$1.1M
Cap Rate 9%
$879,189
$879.2K
Market Conditions
NOI Build-Up for 3,237 SF
Gross rent
$149.5K $46.20/SF
− Vacancy
−$5.7K −$1.76/SF
EGI
$143.9K $44.44/SF
− OpEx
−$64.7K −$20.00/SF
NOI
$79.1K $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%
$1,582,540
Cap Rate 7%
$1,130,386
Cap Rate 9%
$879,189
Alternative Uses
Best Use
Apartment 5plus
$1.13M
$989.1K – $1.32M
NOI $79,127 @ 7.0% cap · market cap 4.45%
Second Best
Multifamily LT 5
$765.4K
$669.7K – $893.0K
NOI $53,578 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$2.39M
$2.09M – $2.78M
NOI $167,045 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,650
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 - Each residence has three bedrooms, two full bathrooms, and access to on-site parking.
Where is this triplex located?
The property is located at 86-12 Kingston Place Jamaica, NY.
What is the asking price?
The asking price for this property is $1,779,000.
What are key features of this property?
This property features: Three separate residential units, each with 3 bedrooms and 2 full bathrooms; 3,237 square feet of building area; Three parking spaces on a private driveway
