Two-Family Duplex with
137-04 64 Road, Flushing, NY 11367
For Sale
$888,000
Two residential units are arranged across the first and second floors, with additional bathroom space in the basement.
Property Size1,640 SF
Days on Market19
Property Features for 137-04 64 Road
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Asking Price
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
PowerPaul Realty
Listed By:
Soon K. Jung
(917) 859-0002
Source:
Serhant
Added: Oct 21
Changed: Nov 7
Last Checked: Nov 7 at 8:23PM
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 PowerPaul Realty
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Investment Insights
Based on property information with market context.
Built in 1950, this semi-detached duplex contains two residential units. The first-floor unit has 1 bedroom, 1.5 baths, a living room, and an eat-in kitchen. It connects to a partially finished basement with an additional bathroom and shower. Upstairs, the second unit includes 1 bedroom, 1 full bath, a living room, and a kitchen. The property requires updating and is being sold as-is.
The rear yard abuts a cemetery, with no homes directly behind the property. Shopping, schools, public transportation, and major highways are identified as nearby amenities.
The rear yard abuts a cemetery, with no homes directly behind the property. Shopping, schools, public transportation, and major highways are identified as nearby amenities.
Key Highlights
- Two‑family duplex built in 1950
- First‑floor unit: 1 bedroom, 1.5 baths, living room, and eat‑in kitchen
- Second‑floor unit: 1 bedroom, 1 full bath, living room, and kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,089
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$801,780
$801.8K
Cap Rate 7%
$572,700
$572.7K
Cap Rate 9%
$445,433
$445.4K
Market Conditions
NOI Build-Up for 1,640 SF
Gross rent
$75.8K $46.20/SF
− Vacancy
−$2.9K −$1.76/SF
EGI
$72.9K $44.44/SF
− OpEx
−$32.8K −$20.00/SF
NOI
$40.1K $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%
$801,780
Cap Rate 7%
$572,700
Cap Rate 9%
$445,433
Alternative Uses
Best Use
Apartment 5plus
$572.7K
$501.1K – $668.2K
NOI $40,089 @ 7.0% cap · market cap 4.51%
Second Best
Multifamily LT 5
$387.8K
$339.3K – $452.4K
NOI $27,145 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,632 @ 7.0% cap · market cap 9.53%
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
Location Intelligence
Trade Area within ½ mile
1,703
Businesses Nearby
Explore this area
Business Placement
Demographics for 11367, NY
43,112
Population
15,693
Households
2.7
Avg Household Size
37
Median Age
46%
College-Educated
84%
High-School Grad
1.9 sq mi
ZIP Area
22,691
Density / Sq Mi
$75,804
Median Household Income
$45,052
Median Earnings
$1,774
Median Rent
$519,800
Median Home Value
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Market
Properties on Market for Duplexes in Flushing
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units are arranged across the first and second floors, with additional bathroom space in the basement.
Where is this duplex located?
The property is located at 137-04 64 Road Flushing, NY.
What is the asking price?
The asking price for this property is $888,000.
What are key features of this property?
This property features: Two‑family duplex built in 1950; First‑floor unit: 1 bedroom, 1.5 baths, living room, and eat‑in kitchen; Second‑floor unit: 1 bedroom, 1 full bath, living room, and kitchen
