4-Unit Brick
New
For Sale
$1,800,000
9318 170th Street, Jamaica, NY 11433
Separate boiler and hot-water systems by floor allow occupants to manage their own utility bills.
Property Size5,925 SF
Lot Size0.10 Acres
Price / SF$303.80
Days on Market6
Property Features for 9318 170th Street
General Information
Standard status
Active
Size
5,925 SF
Total Parking Spaces
4
Lot size
0.10 Acres
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$38,233
Amenities
garden area
High Ceilings
Building Details
Building Size
5,925 SF
Year Built
2004
Buildings
1
Units
4
Construction
brick
Listing Agency:
SSNT Realty Inc
Listed By:
Mohammed M. Islam
(631) 275-1693
Source:
Georgemcknight
Added: Oct 19
Changed: Oct 23
Last Checked: Oct 23 at 2:16PM
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 SSNT Realty Inc
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Investment Insights
Based on property information with market context.
Built in 2004, this semi-detached brick quadplex contains 5,925 square feet. Each floor offers three bedrooms and two full bathrooms, with its own boiler and hot-water system. The property sits on a 4,249-square-foot lot and includes a long driveway, four parking spaces at the rear, and a backyard garden.
The Jamaica property is near public bus service and the E and F trains. Sutphin Boulevard LIRR station is also nearby, while Jamaica Avenue shopping and community amenities are within walking distance.
The Jamaica property is near public bus service and the E and F trains. Sutphin Boulevard LIRR station is also nearby, while Jamaica Avenue shopping and community amenities are within walking distance.
Key Highlights
- Four‑family brick property with 5,925 square feet; built in 2004
- Three bedrooms and two full bathrooms on each floor
- Separate boiler and hot‑water systems for each floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,833
Cap Rate
8.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,896,660
$2.9M
Cap Rate 7%
$2,069,043
$2.1M
Cap Rate 9%
$1,609,256
$1.6M
Market Conditions
NOI Build-Up for 5,925 SF
Gross rent
$273.7K $46.20/SF
− Vacancy
−$10.4K −$1.76/SF
EGI
$263.3K $44.44/SF
− OpEx
−$118.5K −$20.00/SF
NOI
$144.8K $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%
$2,896,660
Cap Rate 7%
$2,069,043
Cap Rate 9%
$1,609,256
Alternative Uses
Best Use
Apartment 5plus
$2.07M
$1.81M – $2.41M
NOI $144,833 @ 7.0% cap · market cap 8.05%
Second Best
Multifamily LT 5
$1.40M
$1.23M – $1.63M
NOI $98,068 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$4.37M
$3.82M – $5.10M
NOI $305,758 @ 7.0% cap · market cap 16.99%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
4,785
Businesses Nearby
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Business Placement
Demographics for 11433, NY
39,071
Population
11,849
Households
3.3
Avg Household Size
37
Median Age
19%
College-Educated
77%
High-School Grad
1.5 sq mi
ZIP Area
26,047
Density / Sq Mi
$71,177
Median Household Income
$39,540
Median Earnings
$1,529
Median Rent
$625,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Separate boiler and hot-water systems by floor allow occupants to manage their own utility bills.
Where is this quadplex located?
The property is located at 9318 170th Street Jamaica, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Four‑family brick property with 5,925 square feet; built in 2004; Three bedrooms and two full bathrooms on each floor; Separate boiler and hot‑water systems for each floor
