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    Flushing Three-Family Investment Opportunity Title is generated by Realmo AI

    3343 Union Street, Flushing, NY 11354

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    Claim this Listing
    For Sale
    $1,999,000

    MULTI_FAMILY - Flushing, NY

    Property size:
    4,220 SF
    Lot size:
    0.03 Acres
    Price / SF:
    $473/SF
    Added:
    Apr 21, 2026
    Days on Market:
    56
    Last Refresh:
    Jun 15 at 3:06 am

    Property Features for 3343 Union Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R6
    Bedrooms
    11
    Bathrooms
    7
    Rooms
    Bedroom 10, Bedroom 2, Bathroom 5, Bathroom 7, Bedroom 5, Bedroom 1, Bedroom 7, Bedroom 8, Bedroom 11, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 6, Bathroom 6, Bathroom 1, Bathroom 4, Bedroom 9, Bedroom 4
    Parking features
    Garage
    Interior features
    Refrigerator, Stove
    Basement
    Full, Finished
    Standard status
    Active
    Size
    4,220 SF
    Lot size
    0.03 Acres

    Taxes and HOA fees

    Tax Annual Amount
    16332

    Building Details

    Year built
    2003
    Floors in Building
    4
    Number of units
    3
    Flooring type
    Hardwood, Tile
    Building materials
    Brick
    Roof type
    Flat

    We can help!

    Listing Contact
    Siu Wai (Cherie)Wong

    Listing agent Siu Wai (Cherie)Wong

    Listing office Tiger Realty 1484 86th Street, Brooklyn, NY

    Listing date Apr 21, 2026

    MLS# 500721 Listing URL

    Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Excellent income potential as a 3‑family property.
    • Each unit features 3 bedrooms and 2 full bathrooms.
    • Each unit includes a balcony.
    • Conveniently located close to Main Street, transportation, and major amenities.
    • Includes a garage.
    • Built in 2003.

    Overview

    This three-family property is located in Flushing, New York. Each unit features 3 bedrooms, 2 full bathrooms, and a balcony. The property is suitable for investors or owner-occupants and offers good income potential. It is located close to Main Street, transportation options, and other amenities. The property size is 4,220 square feet, situated on a lot of approximately 0.0298 acres. The zoning is R6.

    Local 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 $195.0k $46.20
    − Vacancy −$7.4k −$1.76
    EGI $187.6k $44.44
    − OpEx −$84.4k −$20.00
    NOI $103.2k $24.44
    4,220 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $1.47M
    $1.29M – $1.72M (±1% cap)
    NOI $103,155 @ 7.0% cap · market cap 5.16%
    Second Best
    Multifamily LT 5
    $997.8K
    $873.1K – $1.16M (±1% cap)
    NOI $69,848 @ 7.0% cap · market cap 3.49%
    Theoretical Best
    Office A
    $3.11M
    $2.72M – $3.63M (±1% cap)
    NOI $217,772 @ 7.0% cap · market cap 10.89%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Flushing
    County
    Queens
    State
    New York
    Longitude
    -73.827143
    Latitude
    40.766751

    FAQs

    What type of property is this?
    Triplex - Three-family property in Flushing with income potential.
    Where is this triplex located?
    The property is located at 3343 Union Street Flushing, NY.
    What is the asking price?
    The asking price for this property is $1,999,000.
    What are key features of this property?
    This property features: Excellent income potential as a 3‑family property.; Each unit features **3 bedrooms and 2 full bathrooms**.; Each unit includes a balcony.
    More about this property
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