Mixed-Use Two-Family Office
47-28 Parsons Boulevard Flushing, NY 11355
47-28 Parsons Boulevard, Flushing, NY, 11355
$1,738,888
For Sale
$1,738,888
MULTI_FAMILY - Flushing, NY
Property Size3,492 SF
Lot Size0.08 Acres
Price / SF$497.96
Days on Market13
Property Features for 47-28 Parsons Boulevard
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Parking features
- Garage
- Exterior features
- Awning(s), Balcony, Lighting
- Standard status
- Active
- APN
- 05221-0019
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 14998
Utilities
- Utilities
- Water Available
- Sewer type
- Public Sewer
- Heating system
- Steam
- Water source
- Public
Building Details
- Year built
- 1965
- Number of units
- 2
- Building materials
- Brick
Listing agency
E Realty International Corp
(718) 886-8110
Listed by
Chuan Wang Chen
(347) 755-9735
Added: Jul 10 Updated: Jul 20 at 8:44AM Checked: Jul 22 at 4:06AM
MLS# 1024652
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.
Brick, corner mixed-use building comprising a 2-family setup with office space, configured across three floors. The property has updated kitchens and bathrooms on the 2nd and 3rd floors, with renovations completed in 2024. The building sits on a 33’ x 112’ lot with an approximately 22’ x 52’ building footprint and about 3,492 sq. ft. of living space.
The property is located at 47-28 Parsons Boulevard in Flushing, Queens, NY, near the Murray Hill LIRR Station and close to supermarkets, public transportation, and Downtown Flushing (Main Street). The listing notes annual property taxes of $14,998.
All three floors are currently occupied by stable, long-term tenants, and the property is described as having an excellent payment history. Showing is by appointment only, with no walk-ins requested for Tuesday (7/21) from 10:15am–11:15am.
The property is located at 47-28 Parsons Boulevard in Flushing, Queens, NY, near the Murray Hill LIRR Station and close to supermarkets, public transportation, and Downtown Flushing (Main Street). The listing notes annual property taxes of $14,998.
All three floors are currently occupied by stable, long-term tenants, and the property is described as having an excellent payment history. Showing is by appointment only, with no walk-ins requested for Tuesday (7/21) from 10:15am–11:15am.
Key Highlights
- Corner brick mixed‑use 2‑family and office building with all three floors occupied by stable, long‑term tenants
- Renovated in 2024, including updated kitchens and bathrooms on the 2nd and 3rd floors
- 33' x 112' lot with a 22' x 52' building and approximately 3,492 sq ft of living space
Local Financial Insights For Office B
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 | $176.0k | $50.40 |
| − Vacancy | −$22.7k | −$6.50 |
| EGI | $153.3k | $43.90 |
| − OpEx | −$38.3k | −$10.97 |
| NOI | $115.0k | $32.92 |
3,492 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.64M
$1.44M – $1.92M
NOI $114,970 @ 7.0% cap · market cap 6.61%
Second Best
Apartment 5plus
$1.22M
$1.07M – $1.42M
NOI $85,360 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$2.57M
$2.25M – $3.00M
NOI $180,204 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Brick corner mixed-use 2-family and office with renovations in 2024 and updated kitchens and baths on the upper floors.
Where is this duplex located?
The property is located at 47-28 Parsons Boulevard Flushing, NY.
What is the asking price?
The asking price for this property is $1,738,888.
What are key features of this property?
This property features: Corner brick mixed‑use 2‑family and office building with all three floors occupied by stable, long‑term tenants; Renovated in 2024, including updated kitchens and bathrooms on the 2nd and 3rd floors; 33' x 112' lot with a 22' x 52' building and approximately 3,492 sq ft of living space
