Tenant-Occupied
New
For Sale
$1,690,000
138-16/18 59th Ave, Flushing, NY 11355
MULTI_FAMILY - Flushing, NY
Property Size2,519 SF
Lot Size0.10 Acres
Price / SF$670.90
Days on Market3
Property Features for 138-16/18 59th Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 4, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 5, Bathroom 1, Bathroom 3, Bedroom 2
Subdivision
Flushing
Standard status
Active
Size
2,519 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
7812
Utilities
Heating system
Natural Gas, Hot Water(Heating)
Building Details
Year built
1940
Flooring type
Hardwood
Building materials
Vinyl Siding, Brick
Roof type
Asphalt
Listing Agency:
LANDMARK INTERNATIONAL REAL ESTATE GROUP LLC
(917) 530-5075
Listed By:
Lucy Lu
Added: Aug 3
Changed: Aug 4
Last Checked: Aug 4 at 11:06PM
MLS# 11915841
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex at 138-16/18 59th Ave in Flushing, New York, includes 2,519 square feet on a 0.101-acre lot. The room inventory includes five bedrooms and four bathrooms. Property features include hardwood flooring, vinyl siding and brick exterior materials, an asphalt roof, and hot-water heating powered by natural gas. Built in 1940, the property is being sold with tenants in place. Viewing is limited to a drive-by inspection.
Key Highlights
- 2,519 square feet on a 0.101‑acre lot
- Five bedrooms and four bathrooms
- Built in 1940
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $116.4k | $46.20 |
| − Vacancy | −$4.4k | −$1.76 |
| EGI | $112.0k | $44.44 |
| − OpEx | −$50.4k | −$20.00 |
| NOI | $61.6k | $24.44 |
2,519 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$879.6K
$769.7K – $1.03M
NOI $61,575 @ 7.0% cap · market cap 3.64%
Second Best
Multifamily LT 5
$595.6K
$521.2K – $694.9K
NOI $41,694 @ 7.0% cap · market cap 2.47%
Theoretical Best
Office A
$1.86M
$1.62M – $2.17M
NOI $129,992 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,387
Businesses Nearby
Explore this area
Business Placement
Demographics for 11355, NY
89,465
Population
32,049
Households
2.8
Avg Household Size
44
Median Age
24%
College-Educated
70%
High-School Grad
1.7 sq mi
ZIP Area
52,626
Density / Sq Mi
$53,700
Median Household Income
$31,166
Median Earnings
$1,664
Median Rent
$711,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Offered with existing tenants and available for drive-by viewing only.
Where is this duplex located?
The property is located at 138-16/18 59th Ave Flushing, NY.
What is the asking price?
The asking price for this property is $1,690,000.
What are key features of this property?
This property features: 2,519 square feet on a 0.101‑acre lot; Five bedrooms and four bathrooms; Built in 1940
