Two-Family Duplex with Detached
For Sale
$1,688,000
132-19 58th Avenue, Flushing, NY 11355
The two-family layout includes a finished basement and separate walkout entrances.
Property Size4,000 SF
Lot Size0.09 Acres
Price / SF$422
Days on Market9
Property Features for 132-19 58th Avenue
General Information
Standard status
Active
Size
4,000 SF
Lot size
0.09 Acres
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,693
Amenities
Finished,Full
Carpet,Hardwood
2
Yes
4
Entrance Foyer,Other,Walk-In Closet(s)
Finished, Full
No
Back Yard
Public
Detached, Driveway
Building Details
Year Built
1950
Listing Agency:
(516) 703-2918
Listed By:
Aman Deep Sabharwal
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 2:57PM
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 Aman Deep Sabharwal
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Investment Insights
Based on property information with market context.
This Flushing duplex is arranged as two two-bedroom residences, one above the other. A finished basement adds interior space, and separate walkout entrances provide access. The property also has oil heat, an existing gas line, a long driveway, and a detached garage.
Located at 132-19 58th Avenue, the property is near bus service, schools, parks, shopping, supermarkets, the Queens Library, the post office, and downtown Flushing. Major highways are accessible from the area.
Located at 132-19 58th Avenue, the property is near bus service, schools, parks, shopping, supermarkets, the Queens Library, the post office, and downtown Flushing. Major highways are accessible from the area.
Key Highlights
- Two‑family configuration with a 2BR unit over a 2BR unit
- 40x100 lot
- Finished basement with separate walkout entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,778
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,955,560
$2.0M
Cap Rate 7%
$1,396,829
$1.4M
Cap Rate 9%
$1,086,422
$1.1M
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$184.8K $46.20/SF
− Vacancy
−$7.0K −$1.76/SF
EGI
$177.8K $44.44/SF
− OpEx
−$80.0K −$20.00/SF
NOI
$97.8K $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%
$1,955,560
Cap Rate 7%
$1,396,829
Cap Rate 9%
$1,086,422
Alternative Uses
Best Use
Apartment 5plus
$1.40M
$1.22M – $1.63M
NOI $97,778 @ 7.0% cap · market cap 5.79%
Second Best
Multifamily LT 5
$945.8K
$827.6K – $1.10M
NOI $66,206 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$2.95M
$2.58M – $3.44M
NOI $206,419 @ 7.0% cap · market cap 12.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,023
Businesses Nearby
Explore this area
Business Placement
Demographics for 11355, NY
89,465
Population
32,049
Households
2.8
Avg Household Size
44
Median Age
24%
College-Educated
70%
High-School Grad
1.7 sq mi
ZIP Area
52,626
Density / Sq Mi
$53,700
Median Household Income
$31,166
Median Earnings
$1,664
Median Rent
$711,500
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 - The two-family layout includes a finished basement and separate walkout entrances.
Where is this duplex located?
The property is located at 132-19 58th Avenue Flushing, NY.
What is the asking price?
The asking price for this property is $1,688,000.
What are key features of this property?
This property features: Two‑family configuration with a 2BR unit over a 2BR unit; 40x100 lot; Finished basement with separate walkout entrances
