Legal Two-Family Duplex with
New
For Sale
$1,250,000
43-14 163rd Street, Flushing, NY 11358
MULTI_FAMILY - Flushing, NY
Property Size1,840 SF
Lot Size0.07 Acres
Price / SF$679.35
Days on Market5
Property Features for 43-14 163rd Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Basement, Bedroom 5, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bathroom 3
Basement
Finished, Full
Elementary school
Ps 107 Thomas A Dooley
Middle school
Is 25 Adrien Block
High school
Francis Lewis High School
Elementary school district
Queens 25
Middle school district
Queens 25
High school district
Queens 26
Standard status
Active
APN
05420-0038
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8190
Utilities
Heating system
Natural Gas, Hot Water(Heating)
Building Details
Year built
1910
Number of units
2
Building materials
Frame
Listing Agency:
Winzone Realty Inc
(718) 899-7000
Listed By:
Shu Ching McKenna
(917) 435-3219
Added: Jul 28
Changed: Jul 30
Last Checked: Aug 1 at 9:06AM
MLS# 1031597
Copyright © 2026 OneKey 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 legal two-family duplex is currently used as a one-family home and offers flexible indoor space. The basement includes a boiler room, laundry room, one additional room, a half bath, and a large open family/guest room. The first floor features a foyer, sunroom, living room, formal dining room, spacious eat-in kitchen, and a full bath, with a rear door to the backyard and deck. There is also a side entrance to the basement. The second floor has three well-sized bedrooms and a full, spacious bathroom. The attic includes two bedrooms and an open flex space. Additional details include hardwood floors, oversized windows, multiple entrances, and abundant natural light.
The property is a 30-by-100 lot with R4-1 zoning and is located on a quiet residential block in Flushing. Construction is frame, with natural gas hot water heating. The home includes five bedrooms and two and a half bathrooms, plus a rear deck.
With its current configuration and multiple levels, the layout supports customization through renovation while maintaining the legal two-family structure.
The property is a 30-by-100 lot with R4-1 zoning and is located on a quiet residential block in Flushing. Construction is frame, with natural gas hot water heating. The home includes five bedrooms and two and a half bathrooms, plus a rear deck.
With its current configuration and multiple levels, the layout supports customization through renovation while maintaining the legal two-family structure.
Key Highlights
- Legal two‑family (R4‑1) duplex currently used as a one‑family home
- 30‑by‑100 lot with R4‑1 zoning
- Basement includes boiler room, laundry room, half bath, and open family/guest room
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 | $85.0k | $46.20 |
| − Vacancy | −$3.2k | −$1.76 |
| EGI | $81.8k | $44.44 |
| − OpEx | −$36.8k | −$20.00 |
| NOI | $45.0k | $24.44 |
1,840 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$642.5K
$562.2K – $749.6K
NOI $44,978 @ 7.0% cap · market cap 3.60%
Second Best
Multifamily LT 5
$435.1K
$380.7K – $507.6K
NOI $30,455 @ 7.0% cap · market cap 2.44%
Theoretical Best
Office A
$1.36M
$1.19M – $1.58M
NOI $94,953 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,784
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family duplex currently used as a one-family home, with a rear deck and R4-1 zoning in Flushing.
Where is this duplex located?
The property is located at 43-14 163rd Street Flushing, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Legal two‑family (R4‑1) duplex currently used as a one‑family home; 30‑by‑100 lot with R4‑1 zoning; Basement includes boiler room, laundry room, half bath, and open family/guest room
