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    106-43 156 St Queens, NY 11433
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    106-43 156 St Queens, NY 11433

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    • Apartment buildings
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 106-43 156 St

    Property type
    Apartment buildings

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.7976
    Latitude
    40.6965

    Comparable in this City

    • Value Estimation
      $1,410,000
      5,625 SF

      10802 Guy R Brewer Blvd

      APARTMENT HOUSE (5+ UNITS) • 5,625 SF
      10802 Guy R Brewer Blvd, Jamaica, NY 11433-2816
      View Details
    • Value Estimation
      $9,515,000
      53,197 SF

      16225 112th Rd

      APARTMENT HOUSE (5+ UNITS) • 53,197 SF
      16225 112th Rd, Jamaica, NY 11433-3839
      View Details
    • Value Estimation
      $6,345,000
      118,566 SF

      10915 Merrick Blvd

      APARTMENT HOUSE (5+ UNITS) • 118,566 SF
      10915 Merrick Blvd, Jamaica, NY 11433-3047
      View Details
    • Value Estimation
      $590,000
      3,000 SF

      16319 107th Ave

      APARTMENT HOUSE (5+ UNITS) • 3,000 SF
      16319 107th Ave, Jamaica, NY 11433-2112
      View Details
    • Value Estimation
      $2,755,000
      155,000 SF

      10809 159th St

      APARTMENT HOUSE (5+ UNITS) • 155,000 SF
      10809 159th St, Jamaica, NY 11433-2703
      View Details
    • Value Estimation
      $8,495,000
      61,677 SF

      11233 167th St

      APARTMENT HOUSE (5+ UNITS) • 61,677 SF
      11233 167th St, Jamaica, NY 11433
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,658 SF

      Mixed-Use Properties in South Jamaica

      Three mixed-use properties with retail and residential units.
      11024-11028 Merrick Blvd, Queens, NY 11433
      View Details
    • $4,500,000
      0.09 Acres

      Jamaica Multifamily Investment Opportunity

      New construction multifamily building with commercial unit and parking.
      106-25 Guy R Brewer Blvd, Jamaica, NY 11433
      View Details
    • $4,500,000
      0.09 Acres

      Jamaica Multifamily Investment Opportunity

      New apartment building with commercial space, parking, and tax abatement.
      106-29 Guy R Brewer Blvd, Jamaica, NY 11433
      View Details
    • $1,100,000
      0.05 Acres

      Mixed-Use Building in Jamaica South

      Renovated mixed-use building with apartments and storefront in Jamaica South.
      105-14 177Th St, Jamaica, NY 11433
      View Details
    • $969,990

      Jamaica Multi-Unit High Ranch

      Multi-unit high ranch property for sale in Jamaica, New York.
      110-03 Guy Brewer Blvd, Jamaica, NY 11433
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      75,000 SF

      Downtown Jamaica Queens Retail Space

      Multi-level retail opportunity in the heart of Downtown Jamaica, Queens.
      20-92 Merrick Blvd, Queens, NY 11433
      View Details
    • Contact for pricing
      5,500 SF

      Jamaica Warehouse Space Available

      7,000 square foot warehouse space for rent in Jamaica.
      10727 180Th St, Jamaica, NY 11433
      View Details
    • $5,000 /Mo
      26,467 SF

      Jamaica Warehouse with Loading Dock

      3000 sq ft warehouse with 16 ft ceilings.
      179-30 93Rd Ave, Jamaica, NY 11433
      View Details
    • Contact for pricing
      601 SF

      Jamaica Crossing Retail Space Available

      Retail spaces at major mixed-use development with high pedestrian traffic.
      147-40 Archer Ave, Queens, NY 11433
      View Details
    • New
      $20,850

      Jamaica, NY Ground Lease Opportunity

      Prime commercial land for lease in Jamaica, Queens.
      92-26 Merrick Blvd, Jamaica, NY 11433
      View Details
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    106-43 156 St
    Queens, NY 11433
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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