Brick Duplex with Attached
New
For Sale
Contact for pricing
134-30 Blossom Ave, Flushing, NY 11355
Two-family brick residence with four bedrooms, three full bathrooms, and a finished lower-level area.
Property Size2,527 SF
Lot Size0.06 Acres
Price / SF$652.95
Days on Market7
Property Features for 134-30 Blossom Ave
General Information
Standard status
Active
Size
2,527 SF
Total Parking Spaces
1
Lot size
0.06 Acres
Property subtype
Mixed Use
Zoning
R6
Additional Details
Public Transit
Yes
Multifamily Units
2
Building Details
Year Built
1950
Buildings
1
Construction
brick
Listing Agency:
LANDMARK INTERNATIONAL REAL ESTATE GROUP LLC
(718) 898-8300
Listed By:
Lucy Lu
Source:
Crexi
Added: Aug 7
Changed: Aug 12
Last Checked: Aug 12 at 5:23AM
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 LANDMARK INTERNATIONAL REAL ESTATE GROUP LLC
Investment Insights
Based on property information with market context.
This 1950-built brick duplex contains four bedrooms and three full bathrooms across approximately 1,292 square feet of living space. Interior features include hardwood floors, gas heat, and a walk-in lower level. An attached one-car garage provides on-site parking and storage utility.
The property occupies a 19' by 133' lot at 134-30 Blossom Ave in Flushing, NY 11355. It is zoned R6 and positioned near Main Street, shopping, dining, schools, and public transportation.
The property occupies a 19' by 133' lot at 134-30 Blossom Ave in Flushing, NY 11355. It is zoned R6 and positioned near Main Street, shopping, dining, schools, and public transportation.
Key Highlights
- Two‑family brick home built in 1950
- Approximately 1,292 square feet of living space
- Four bedrooms and 3 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$61,771
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,235,420
$1.2M
Cap Rate 7%
$882,443
$882.4K
Cap Rate 9%
$686,344
$686.3K
Market Conditions
NOI Build-Up for 2,527 SF
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.
Gross rent
$116.7K $46.20/SF
− Vacancy
−$4.4K −$1.76/SF
EGI
$112.3K $44.44/SF
− OpEx
−$50.5K −$20.00/SF
NOI
$61.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,235,420
Cap Rate 7%
$882,443
Cap Rate 9%
$686,344
Alternative Uses
Best Use
Apartment 5plus
$882.4K
$772.1K – $1.03M
NOI $61,771 @ 7.0% cap · market cap 3.74%
Second Best
Multifamily LT 5
$597.5K
$522.8K – $697.1K
NOI $41,826 @ 7.0% cap · market cap 2.53%
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,405 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
8,966
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family brick residence with four bedrooms, three full bathrooms, and a finished lower-level area.
Where is this duplex located?
The property is located at 134-30 Blossom Ave Flushing, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Two‑family brick home built in 1950; Approximately 1,292 square feet of living space; Four bedrooms and 3 full bathrooms
