For Sale
$1,500,000
9022 138th Street, Jamaica, NY 11435
Duplexes
Property Size2,402 SF
Price / SF$624.48
Days on Market10
Property Features for 9022 138th Street
General Information
Standard status
Active
Size
2,402 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$7,124
Amenities
Unfinished
Yes
First Floor Bedroom
Back Yard
Public
No
Driveway
2402
Building Details
Building Size
2,402 SF
Year Built
1930
Listing Agency:
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 20
Changed: Oct 28
Last Checked: Oct 28 at 8:31AM
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 Geralda Desir
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,715
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,174,300
$1.2M
Cap Rate 7%
$838,786
$838.8K
Cap Rate 9%
$652,389
$652.4K
Market Conditions
NOI Build-Up for 2,402 SF
Gross rent
$111.0K $46.20/SF
− Vacancy
−$4.2K −$1.76/SF
EGI
$106.8K $44.44/SF
− OpEx
−$48.0K −$20.00/SF
NOI
$58.7K $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%
$1,174,300
Cap Rate 7%
$838,786
Cap Rate 9%
$652,389
Alternative Uses
Best Use
Apartment 5plus
$838.8K
$733.9K – $978.6K
NOI $58,715 @ 7.0% cap · market cap 3.91%
Second Best
Multifamily LT 5
$568.0K
$497.0K – $662.6K
NOI $39,757 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$1.77M
$1.55M – $2.07M
NOI $123,955 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
4,104
Businesses Nearby
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Business Placement
Demographics for 11435, NY
58,980
Population
21,180
Households
2.8
Avg Household Size
38
Median Age
32%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
39,320
Density / Sq Mi
$79,430
Median Household Income
$43,354
Median Earnings
$1,820
Median Rent
$550,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
Where is this duplex located?
The property is located at 9022 138th Street Jamaica, NY.
What is the asking price?
The asking price for this property is $1,500,000.
