Duplex
New
For Sale
$1,099,999
90-22 179th Street, Jamaica, NY 11432
A 1925-built duplex in Jamaica includes finished, full walk-out space.
Property Size2,352 SF
Days on Market7
Property Features for 90-22 179th Street
General Information
Standard status
Active
Size
2,352 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$7,062
Amenities
Wall/Window Unit(s)
Natural Gas, Other
Finished, Full, Walk-Out Access
Other
Driveway, On Street, Open, Shared Driveway
Building Details
Building Size
2,352 SF
Year Built
1925
Listing Agency:
Keller Williams Realty of Greater Nassau
Listed By:
Bisendra M. Melaram AHWD MRP PSA S
(718) 909-0233
Source:
Evrealestate
Added: Sep 24
Changed: Sep 30
Last Checked: Sep 30 at 12:18PM
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 Keller Williams Realty of Greater Nassau
Investment Insights
Based on property information with market context.
This duplex property dates to 1925 and includes finished full space with walk-out access. Heating and cooling features include wall or window units, with natural gas also listed among the utilities. Parking options include a driveway, shared driveway, and on-street access.
The property is located in Jamaica, Queens, at 90-22 179th Street.
The property is located in Jamaica, Queens, at 90-22 179th Street.
Key Highlights
- Built in 1925
- Finished full space with walk‑out access
- Wall or window units and natural gas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$57,493
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,149,860
$1.1M
Cap Rate 7%
$821,329
$821.3K
Cap Rate 9%
$638,811
$638.8K
Market Conditions
NOI Build-Up for 2,352 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$108.7K $46.20/SF
− Vacancy
−$4.1K −$1.76/SF
EGI
$104.5K $44.44/SF
− OpEx
−$47.0K −$20.00/SF
NOI
$57.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,149,860
Cap Rate 7%
$821,329
Cap Rate 9%
$638,811
Alternative Uses
Best Use
Apartment 5plus
$821.3K
$718.7K – $958.2K
NOI $57,493 @ 7.0% cap · market cap 5.23%
Second Best
Multifamily LT 5
$556.1K
$486.6K – $648.8K
NOI $38,929 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$1.73M
$1.52M – $2.02M
NOI $121,374 @ 7.0% cap · market cap 11.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,602
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
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Frequently Asked Questions
What type of property is this?
Duplex - A 1925-built duplex in Jamaica includes finished, full walk-out space.
Where is this duplex located?
The property is located at 90-22 179th Street Jamaica, NY.
What is the asking price?
The asking price for this property is $1,099,999.
What are key features of this property?
This property features: Built in 1925; Finished full space with walk‑out access; Wall or window units and natural gas
