3-Unit Brick
For Sale
$1,399,000
Pending
89-27 172nd Street, Jamaica, NY 11432
A finished basement with walk-out access expands the interior layout of this three-story residential property.
Property Size2,532 SF
Days on Market9
Property Features for 89-27 172nd Street
General Information
Standard status
Pending
Size
2,532 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,653
Amenities
Finished,Full,Walk-Out Access
3
No
Yes
6
First Floor Bedroom,First Floor Full Bath
Finished, Full, Walk-Out Access
Public
2532
Building Details
Building Size
2,532 SF
Year Built
2006
Buildings
1
Stories
3
Construction
all-brick
Listing Agency:
(516) 703-2918
Listed By:
Josephine Nicolosi
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 3:11PM
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 Josephine Nicolosi
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2006-built triplex is an attached, all-brick structure arranged over three stories, with three separate units and a finished basement offering walk-out access. First-floor bedroom and full-bath features are also listed for the property.
The property is in Jamaica near Hillside Avenue and 172nd Street. The F train is within walking distance on Hillside Avenue, with bus connections, schools, supermarkets, and major highways also nearby.
The property is in Jamaica near Hillside Avenue and 172nd Street. The F train is within walking distance on Hillside Avenue, with bus connections, schools, supermarkets, and major highways also nearby.
Key Highlights
- Three separate residential units
- Three‑story attached building with all‑brick construction
- Finished basement with walk‑out access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,893
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,237,860
$1.2M
Cap Rate 7%
$884,186
$884.2K
Cap Rate 9%
$687,700
$687.7K
Market Conditions
NOI Build-Up for 2,532 SF
Gross rent
$117.0K $46.20/SF
− Vacancy
−$4.4K −$1.76/SF
EGI
$112.5K $44.44/SF
− OpEx
−$50.6K −$20.00/SF
NOI
$61.9K $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%
$1,237,860
Cap Rate 7%
$884,186
Cap Rate 9%
$687,700
Alternative Uses
Best Use
Apartment 5plus
$884.2K
$773.7K – $1.03M
NOI $61,893 @ 7.0% cap · market cap 4.42%
Second Best
Multifamily LT 5
$598.7K
$523.9K – $698.5K
NOI $41,909 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$1.87M
$1.63M – $2.18M
NOI $130,663 @ 7.0% cap · market cap 9.34%
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
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,442
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - A finished basement with walk-out access expands the interior layout of this three-story residential property.
Where is this triplex located?
The property is located at 89-27 172nd Street Jamaica, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Three separate residential units; Three‑story attached building with all‑brick construction; Finished basement with walk‑out access
