106-43 156 St, Queens, NY 11433
This exceptional investment opportunity presents a renovated, legal four-family brick building located at 106-43 156th St, Jamaica, NY 11433. The property is offered at $1,399,000 and will be delivered vacant, allowing for immediate occupancy or rental income generation. The building features four apartments, each with two bedrooms and one bathroom, totaling eight bedrooms and four bathrooms across the building. Situated on a generous 25 x 100 foot lot, the solid brick construction ensures durability and low maintenance. A full, unfinished basement with an outside entrance provides ample potential for additional storage, workspace, or future development. This prime location offers convenient access to schools, parks, shopping, dining, and public transportation within the vibrant Jamaica neighborhood. The property's vacant status presents a unique opportunity for investors to maximize rental income or customize the space for owner-occupancy. This versatile property offers a strong return on investment and significant potential for future appreciation. Don't miss this chance to acquire a well-maintained, income-producing multifamily building in a desirable Queens location.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.