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    3222 137Th St Flushing, NY 11354

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    For Sale
    $3,380,000

    Well-maintained building with strong rental income potential and tax exemption.

    Lot size:
    0.06 Acres

    Property Features for 3222 137Th St

    General Information

    Lot size
    0.06 Acres

    Building Details

    Year built
    2013

    Source: United Real Estate Fortune Agent Fang Quan He

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Flushing Multifamily Investment Opportunity

    Located in Flushing, the property at 32-22 137th Street is a well-maintained brick building. It offers potential for strong rental income. The property features multiple units and a cap rate over 5%. A 421a tax exemption is in place until 2032. The location provides convenient access to public transportation, shopping, dining, and major highways. Downtown Flushing and LaGuardia Airport are easily accessible. This location is expected to ensure high tenant demand and long-term value appreciation.
    Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Flushing
    County
    Queens
    State
    New York
    Longitude
    -73.830871
    Latitude
    40.767137

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained building with strong rental income potential and tax exemption.
    Where is this apartment building located?
    The property is located at 3222 137Th St Flushing, NY.
    What is the asking price?
    The asking price for this property is $3,380,000.
    What are key features of this property?
    This property features: - Cap rate over 5% with 421a tax exemption until 2032; - Strong rental income potential; - Prime location in the heart of Flushing
    (646) 338-8518
    Request Owner's contact information
    3222 137Th St Flushing, NY 11354
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    Flushing, NY 11354
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    Realmo Value Estimation

    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.

    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.

    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
    3222 137Th St Flushing, NY 11354
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