Brick Duplex with Private
New
For Sale
$1,488,000
Pending
122-11 26th Avenue, Flushing, NY 11354
Two separate residences offer a combined five bedrooms, four full bathrooms, and independent gas and electric meters.
Property Size2,280 SF
Days on Market4
Property Features for 122-11 26th Avenue
General Information
Standard status
Pending
Size
2,280 SF
Property subtype
Residential Income
Zoning
R5
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/2BA, 1 x 3BR/2BA
Multifamily Units
2
Individually Metered Utilities
electricity, gas
Taxes and HOA fees
Annual Taxes
$12,272
Amenities
balcony
backyard
Finished,Walk-Out Access
Brick,Hardwood
Yes
Eat-in Kitchen,Open Kitchen,Primary Bathroom,Washer/Dryer Hookup
Finished, Walk-Out Access
Public
2
No
Driveway, Private
2280
Building Details
Building Size
2,280 SF
Year Built
1986
Buildings
1
Stories
3
Construction
semi-detached brick
Listing Agency:
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 31
Last Checked: Nov 3 at 7:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Geralda Desir
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Investment Insights
Based on property information with market context.
This legal two-family, semi-detached brick duplex contains 2,280 square feet and was built in 1986. Its three above-ground levels are arranged as two duplex residences: one has 2 bedrooms and 2 full bathrooms, while the other has 3 bedrooms and 2 full bathrooms. A finished basement with walk-out access, high ceilings, large windows, and a separate entrance adds interior space. The property also includes a second-floor front balcony, a private attached garage, and a driveway with space for two additional vehicles. Each residence has its own gas and electric meter. The property is in an R5 zoning district.
Shopping options include 7-Eleven, Target, and BJ’s Wholesale Club. Flushing Main Street is approximately 10 minutes away, and the Q26 bus is minutes away.
Shopping options include 7-Eleven, Target, and BJ’s Wholesale Club. Flushing Main Street is approximately 10 minutes away, and the Q26 bus is minutes away.
Key Highlights
- Legal two‑family property with two duplex residences: 2 bedrooms and 2 full bathrooms in one, 3 bedrooms and 2 full bathrooms in the other
- 2,280 square feet; built in 1986
- R5 zoning district
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,733
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,114,660
$1.1M
Cap Rate 7%
$796,186
$796.2K
Cap Rate 9%
$619,256
$619.3K
Market Conditions
NOI Build-Up for 2,280 SF
Gross rent
$105.3K $46.20/SF
− Vacancy
−$4.0K −$1.76/SF
EGI
$101.3K $44.44/SF
− OpEx
−$45.6K −$20.00/SF
NOI
$55.7K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,114,660
Cap Rate 7%
$796,186
Cap Rate 9%
$619,256
Alternative Uses
Best Use
Apartment 5plus
$796.2K
$696.7K – $928.9K
NOI $55,733 @ 7.0% cap · market cap 3.75%
Second Best
Multifamily LT 5
$539.1K
$471.7K – $629.0K
NOI $37,738 @ 7.0% cap · market cap 2.54%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,659 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,264
Businesses Nearby
Explore this area
Business Placement
Demographics for 11354, NY
61,276
Population
22,979
Households
2.7
Avg Household Size
45
Median Age
33%
College-Educated
79%
High-School Grad
2.2 sq mi
ZIP Area
27,853
Density / Sq Mi
$62,833
Median Household Income
$40,404
Median Earnings
$1,766
Median Rent
$521,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer a combined five bedrooms, four full bathrooms, and independent gas and electric meters.
Where is this duplex located?
The property is located at 122-11 26th Avenue Flushing, NY.
What is the asking price?
The asking price for this property is $1,488,000.
What are key features of this property?
This property features: Legal two‑family property with two duplex residences: 2 bedrooms and 2 full bathrooms in one, 3 bedrooms and 2 full bathrooms in the other; 2,280 square feet; built in 1986; R5 zoning district
