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    Attached Brick Multi-Family Title is generated by Realmo AI

    5831 136th Street, Flushing, NY 11355

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    For Sale
    $1,950,000

    MULTI_FAMILY - Flushing, NY

    Property size:
    3,465 SF
    Lot size:
    0.07 Acres
    Price / SF:
    $562/SF
    Added:
    May 29, 2026
    Days on Market:
    7
    Last Refresh:
    Jun 4 at 12:06 am

    Property Features for 5831 136th Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    10
    Bathrooms
    5
    Rooms
    Bedroom 6, Bathroom 3, Bedroom 5, Bathroom 5, Bathroom 4, Bathroom 2, Bathroom 1, Bedroom 10, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 9, Basement, Bedroom 8, Bedroom 4, Bedroom 7
    Parking features
    Garage, Off Street, On Street
    Interior features
    First Floor Bedroom, First Floor Full Bath, Open Kitchen, Pantry, Primary Bathroom, Master Downstairs, Storage, Walk Through Kitchen
    Basement
    Finished, Walk-Out Access
    Standard status
    Active
    APN
    06374-0003
    Lot size
    0.07 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    6916

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Window Unit(s), Wall/Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1984
    Number of units
    4
    Building materials
    Brick
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Yi Qiao

    Listing agent Yi Qiao

    Listing office Lin Pan Realty Group LLC 5 Bond St Suite #201, Great Neck, NY

    Listing date May 29, 2026

    MLS# 1007395 Listing URL

    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.

    HighLights

    • Brick attached multi‑family built in 1984 with approximately 3,465 sq ft of building space on a 2,900 sq ft lot
    • Public utilities include public water and public sewer
    • Interior features include master downstairs, first floor bedroom, and a first floor full bath
    • Open kitchen with pantry plus multiple eat‑in kitchen areas
    • Finished lower level with basement provides extra space for storage or recreation
    • On‑site parking includes garage, off‑street, and on‑street parking

    Overview

    This attached brick multi-family property is configured with multiple spacious layouts, including eat-in kitchen areas and generous natural light throughout. A finished lower level adds practical flexibility for storage, recreation, or other permitted uses, supporting a variety of resident and ownership needs. The building is being sold as-is, making it well-suited for buyers prepared to evaluate and optimize the property during their ownership period.

    Located in a high-demand Queens area, the property is positioned near shopping, restaurants, schools, parks, and public transportation. That convenience can appeal to both owner-occupants and investors looking for dependable, long-term desirability in a dense urban market.

    With its combination of multiple unit-style layouts, kitchen space, and an additional finished lower level, the property offers a strong fit for investors seeking an attached multi-family asset with upside through hands-on management. End users may also value the flexibility of interior space beyond the primary living areas. Given the as-is sale condition, prospective buyers should plan for their own due diligence to confirm current performance and finalize improvement priorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    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
    -73.829167
    Latitude
    40.744703

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    FAQs

    What type of property is this?
    Quadplex - Attached brick multi-family with multiple spacious layouts, eat-in kitchens, and a finished lower level for added flexibility.
    Where is this quadplex located?
    The property is located at 5831 136th Street 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: Brick attached multi‑family built in 1984 with approximately 3,465 sq ft of building space on a 2,900 sq ft lot; Public utilities include public water and public sewer; Interior features include master downstairs, first floor bedroom, and a first floor full bath
    (631) 702-0692
    We can help!
    Listing Contact
    Yi Qiao
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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