Detached Two-Family Brick
For Sale
$1,950,000
164-04 29th Avenue, Flushing, NY 11358
MULTI_FAMILY - Flushing, NY
Property Size3,450 SF
Lot Size0.09 Acres
Price / SF$565.22
Days on Market17
Property Features for 164-04 29th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 6, Bathroom 2, Bedroom 7, Bedroom 2, Bedroom 4, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 5, Bedroom 3
Parking features
Driveway
Patio and Porch features
Patio
Interior features
Entrance Foyer
Subdivision
Flushing
Standard status
Active
Size
3,450 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
15826
Utilities
Heating system
Steam, Natural Gas
Building Details
Year built
1970
Floors in Building
3
Flooring type
Hardwood
Building materials
Brick
Roof type
Asphalt
Listing Agency:
LANDMARK INTERNATIONAL REAL ESTATE GROUP LLC
(917) 530-5075
Listed By:
Lucy Lu
Added: Jul 20
Changed: Aug 4
Last Checked: Aug 4 at 11:06PM
MLS# 11894777
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.
Well-maintained detached all-brick two-family home built in 1970. The property features three stories with approximately 3,450 square feet of living space, hardwood floors, and an entrance foyer. Interiors include an open kitchen, bright living and dining areas, and multiple bedrooms and bathrooms, totaling 7 bedrooms and 4 full bathrooms. A patio adds outdoor space.
Heating is natural gas steam, and the home includes a new hot water heater. Laundry is supported by coin-operated washer and dryer. Parking is available via an attached two-car garage with driveway access.
Conveniently located near shopping, restaurants, schools, parks, public transportation, and major roadways, providing easy access throughout Queens and beyond.
Heating is natural gas steam, and the home includes a new hot water heater. Laundry is supported by coin-operated washer and dryer. Parking is available via an attached two-car garage with driveway access.
Conveniently located near shopping, restaurants, schools, parks, public transportation, and major roadways, providing easy access throughout Queens and beyond.
Key Highlights
- Built in 1970 detached all‑brick two‑family home
- Approximately 3,450 SF with 7 bedrooms and 4 full bathrooms
- Hardwood floors plus open kitchen and bright living and dining areas
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 | $159.4k | $46.20 |
| − Vacancy | −$6.1k | −$1.76 |
| EGI | $153.3k | $44.44 |
| − OpEx | −$69.0k | −$20.00 |
| NOI | $84.3k | $24.44 |
3,450 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.20M
$1.05M – $1.41M
NOI $84,333 @ 7.0% cap · market cap 4.32%
Second Best
Multifamily LT 5
$815.8K
$713.8K – $951.7K
NOI $57,103 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$2.54M
$2.23M – $2.97M
NOI $178,037 @ 7.0% cap · market cap 9.13%
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
1,802
Businesses Nearby
Explore this area
Business Placement
Demographics for 11358, NY
40,435
Population
13,806
Households
2.9
Avg Household Size
43
Median Age
37%
College-Educated
84%
High-School Grad
2.0 sq mi
ZIP Area
20,218
Density / Sq Mi
$88,729
Median Household Income
$46,875
Median Earnings
$2,086
Median Rent
$967,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-family brick home with 7 bedrooms, 4 full baths, gas steam heat, and an attached two-car garage.
Where is this duplex located?
The property is located at 164-04 29th Avenue Flushing, NY.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Built in 1970 detached all‑brick two‑family home; Approximately 3,450 SF with 7 bedrooms and 4 full bathrooms; Hardwood floors plus open kitchen and bright living and dining areas
