Attached Multifamily
8713 164th Street, Jamaica, NY 11432
For Sale
$1,700,000
The property is occupied and offered for sale in its current condition.
Property Size3,106 SF
Price / SF$547.33
Days on Market20
Property Features for 8713 164th Street
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Finished,Full
Wood
6
No
Yes
8
First Floor Bedroom,First Floor Full Bath,Eat-in Kitchen,Formal Dining,High Ceilings
Finished, Full
Public
Attached
3106
Building Details
Building Size
Year Built
Listing Agency:
(516) 703-2918
Listed By:
Randy Kral
Source:
Hedgestonehomes
Added: Oct 21
Changed: Nov 8
Last Checked: Nov 8 at 3:24PM
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 Randy Kral
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Investment Insights
Based on property information with market context.
This attached multifamily property at 8713 164th Street in Jamaica Hills, NY, was built in 2003. It is fully occupied and offered for sale as-is.
Key Highlights
- Fully occupied
- Offered for sale as‑is
- Built in 2003
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,924
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,518,480
$1.5M
Cap Rate 7%
$1,084,629
$1.1M
Cap Rate 9%
$843,600
$843.6K
Market Conditions
NOI Build-Up for 3,106 SF
Gross rent
$143.5K $46.20/SF
− Vacancy
−$5.5K −$1.76/SF
EGI
$138.0K $44.44/SF
− OpEx
−$62.1K −$20.00/SF
NOI
$75.9K $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%
$1,518,480
Cap Rate 7%
$1,084,629
Cap Rate 9%
$843,600
Alternative Uses
Best Use
Apartment 5plus
$1.08M
$949.1K – $1.27M
NOI $75,924 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.29M
$2.00M – $2.67M
NOI $160,285 @ 7.0% cap · market cap 9.43%
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
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
5,949
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
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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 - The property is occupied and offered for sale in its current condition.
Where is this multifamily property located?
The property is located at 8713 164th Street Jamaica, NY.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Fully occupied; Offered for sale as‑is; Built in 2003
