Legal 3-Family
For Sale
$2,500,000
13426 35th Ave, Queens, NY 11354
Built in 2000 with access to Flushing Main Street, transportation, and highly walkable surroundings.
Property Size4,500 SF
Days on Market52
Property Features for 13426 35th Ave
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Investment
Additional Details
Public Transit
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$16,874
Building Details
Building Size
4,500 SF
Year Built
2000
Units
3
Listing Agency:
Century Homes Realty Group LLC
Listed By:
Hak C. Wang · License #40WA1175096
(718) 886-6800
Source:
Elliman
Added: Aug 26
Changed: Oct 12
Last Checked: Oct 15 at 1:59AM
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 Century Homes Realty Group LLC
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Investment Insights
Based on property information with market context.
This legal three-family triplex was built in 2000 and is located at 13426 35th Ave, Queens, NY 11354. The property offers a three-unit residential income configuration within the Flushing market.
Flushing Main Street is one block away, with transportation options nearby. Reported walk, bike, and transit scores are 95, 71, and 98, respectively, indicating convenient access across all three modes.
Flushing Main Street is one block away, with transportation options nearby. Reported walk, bike, and transit scores are 95, 71, and 98, respectively, indicating convenient access across all three modes.
Key Highlights
- Legal three‑family triplex
- Built in 2000
- One block from Flushing Main Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,000
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,200,000
$2.2M
Cap Rate 7%
$1,571,429
$1.6M
Cap Rate 9%
$1,222,222
$1.2M
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$207.9K $46.20/SF
− Vacancy
−$7.9K −$1.76/SF
EGI
$200.0K $44.44/SF
− OpEx
−$90.0K −$20.00/SF
NOI
$110.0K $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%
$2,200,000
Cap Rate 7%
$1,571,429
Cap Rate 9%
$1,222,222
Alternative Uses
Best Use
Apartment 5plus
$1.57M
$1.38M – $1.83M
NOI $110,000 @ 7.0% cap · market cap 4.40%
Second Best
Multifamily LT 5
$1.06M
$931.0K – $1.24M
NOI $74,482 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$3.32M
$2.90M – $3.87M
NOI $232,222 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
5,305
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
Check the figures for this property
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?
Triplex - Built in 2000 with access to Flushing Main Street, transportation, and highly walkable surroundings.
Where is this triplex located?
The property is located at 13426 35th Ave Queens, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Legal three‑family triplex; Built in 2000; One block from Flushing Main Street
