Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Three-Story Income Triplex Title is generated by Realmo AI

    86-66 Midland Parkway, Jamaica, NY 11432

    View on Map
    Claim this Listing
    New
    For Sale
    Contact for pricing

    Well-maintained triplex with three separate units, hardwood floors, patios, and dedicated parking.

    Type:Multifamily
    Property size:
    3,360 SF
    Lot size:
    0.07 Acres
    Price / SF:
    $520/SF
    Added:
    Jun 1, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 6 at 3:06 am

    Property Features for 86-66 Midland Parkway

    General Information

    Standard status
    Active
    Size
    3,360 SF
    Lot size
    0.07 Acres
    Property subtype
    Multifamily

    We can help!

    Listing Contact
    Marc Richter

    Listing agent Marc Richter License #New York

    Listing office Commerce Realty Group

    Listing date Jun 1, 2026

    Source Crexi

    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 Commerce Realty Group

    HighLights

    • Triplex with three separate units: 1st floor (2BD/1BA), 2nd floor (3BD/2BA), and 3rd floor (3BD/2BA)
    • All units feature hardwood floors and include spacious living areas with patio access on the 2nd and 3rd floors
    • 2nd‑floor unit is on a 2‑year lease; 1st and 3rd‑floor units are vacant
    • Building has 3 boilers, 3 hot water tanks, and 4 electric meters
    • Dedicated parking included with 3 parking spaces
    • 30’x100 lot size and 20’x56 building size; taxes are $16,270; 3‑minute walk to the F train

    Overview

    This three-story triplex contains three separate residences. The first floor is vacant and features two bedrooms and one full bathroom with hardwood floors and an eat-in kitchen. The second floor is leased on a two-year term and offers three bedrooms and two full bathrooms, along with hardwood floors, a spacious living room, and a patio. The third floor is vacant and includes three bedrooms and two full bathrooms, hardwood floors, and a spacious living room with a patio.

    The building is configured with multiple building systems and utilities, including three boilers, three hot water tanks, three parking spaces, and four electric meters. The lot size is noted as 30’ x 100’ and the building size as 20’ x 56’. The property is described as a three-minute walk to the F train.

    For buyers seeking a residential income property with separate units and self-contained utilities, this triplex provides a straightforward live-in or investor setup. With the first and third floors currently vacant and the second floor already under lease, the building offers immediate flexibility for tenancy and management planning based on the unit mix and condition described.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jamaica
    County
    Queens
    State
    New York
    Longitude
    -73.78553
    Latitude
    40.719075

    Nearby Similar for Sale

    • $1,199,000
      4,380 SF

      Jamaica Multifamily Investment Opportunity

      Well-maintained 8-unit building in prime Queens location.
      8909 170th Street, Jamaica, NY 11432
      View Details
    • $749,000
      1,000 SF

      Retail Property in Jamaica, Queens

      Prime retail space with high visibility in a thriving commercial corridor.
      14703 Guy R Brewer Boulevard, Jamaica, NY 11434
      View Details
    • $249,000

      Established Supermarket in Jamaica, NY

      Profitable mini supermarket for sale in high-traffic Jamaica location.
      8794 Parsons Blvd, Jamaica, NY 11432
      View Details
    • $975,000

      Retail Storefront on Guy R Brewer

      Prime retail opportunity in South Jamaica, Queens on busy corridor.
      118-27 Guy R Brewer Boulevard, Jamaica, NY 11434
      View Details
    • $1,349,999

      Renovated Two-Family Home with Garages

      Spacious, renovated two-family home with garages in Woodhaven, Jamaica.
      85-19 91st Street, Jamaica, NY 11421
      View Details
    • $1,100,000

      Two-Family Home in Jamaica, NY

      Two-family home with flexible layout and convenient location.
      104-60 165th St, Jamaica, NY 11433
      View Details
    • $899,000

      Legal Brick Two-Family Duplex

      100% brick legal two-family with private driveway and garage, configured for an owner duplex over a garden rental.
      14571 157th Street, Jamaica, NY 11434
      View Details
    • $1,750,000
      1,120 SF

      Jamaica Estates Multi-Family Building

      Three-family building with vacant units in prime Jamaica Estates.
      86-66 Midland Parkway, Jamaica, NY 11432
      View Details
    • $1,429,000

      Newly Constructed Jamaica Two-Family Property

      New two-family property in Jamaica with income potential.
      16701 116th Avenue, Jamaica, NY 11434
      View Details
    • $1,080,000

      Professional Office Building For Sale

      Free-standing, two-story office building in prime location, delivered vacant.
      14610 Rockaway Boulevard, Jamaica, NY 11436
      View Details
    • $1,419,000

      Newly Constructed Jamaica Two-Family Home

      New two-family home in Jamaica with modern finishes and amenities.
      15050 119th Road, Jamaica, NY 11434
      View Details
    • $974,999
      2,407 SF

      Jamaica Multi-Family Home For Sale

      Legal 2-family home with a full basement and private driveway.
      116-26 Merrick Boulevard, Jamiaca, NY 11434
      View Details

    FAQs

    What type of property is this?
    Triplex - Well-maintained triplex with three separate units, hardwood floors, patios, and dedicated parking.
    Where is this triplex located?
    The property is located at 86-66 Midland Parkway Jamaica, NY.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Triplex with three separate units: 1st floor (2BD/1BA), 2nd floor (3BD/2BA), and 3rd floor (3BD/2BA); All units feature hardwood floors and include spacious living areas with patio access on the 2nd and 3rd floors; 2nd‑floor unit is on a 2‑year lease; 1st and 3rd‑floor units are vacant
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Marc Richter
    Real Estate License ID: New York
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    86-66 Midland Parkway, Jamaica, NY 11432
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!