7-Unit Brick Apartment
13907 34th Avenue, Flushing, NY 11354
For Sale
$2,680,000
Residents have private parking, balconies, and a shared laundry facility in the basement.
Property Size4,972 SF
Price / SF$539.02
Days on Market266
Property Features for 13907 34th Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Units
Multifamily Units
Individually Metered Utilities
Additional Details
Public Transit
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
balconies
common laundry facility
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
AAA Young Shuen Realty Inc
Listed By:
Hui Fang Chen · License #40CH0788536
(718) 461-9494
Source:
Thedecurtisgroup
Added: Feb 16
Changed: Nov 7
Last Checked: Nov 7 at 8:09PM
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 AAA Young Shuen Realty Inc
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Investment Insights
Based on property information with market context.
This 4,972-square-foot brick apartment building was constructed in 2009 and is legally configured for seven families. Balconies face the front and rear on the second, third, and fourth floors. The high-ceiling basement contains a common laundry area. A private driveway serves two parking spaces, and the property has eight gas and electric meters. R6 zoning applies; tenants pay all utilities.
The property is in downtown Flushing, near bus service, the LIRR, and the 7 train. Northern Boulevard and Union Street are also nearby, with shops, restaurants, and supermarkets in the area.
The property is in downtown Flushing, near bus service, the LIRR, and the 7 train. Northern Boulevard and Union Street are also nearby, with shops, restaurants, and supermarkets in the area.
Key Highlights
- Legal seven‑family brick apartment building totaling 4,972 square feet
- Built in 2009; zoned R6
- Two private parking spaces served by a private driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$121,538
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,430,760
$2.4M
Cap Rate 7%
$1,736,257
$1.7M
Cap Rate 9%
$1,350,422
$1.4M
Market Conditions
NOI Build-Up for 4,972 SF
Gross rent
$229.7K $46.20/SF
− Vacancy
−$8.7K −$1.76/SF
EGI
$221.0K $44.44/SF
− OpEx
−$99.4K −$20.00/SF
NOI
$121.5K $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%
$2,430,760
Cap Rate 7%
$1,736,257
Cap Rate 9%
$1,350,422
Alternative Uses
Best Use
Apartment 5plus
$1.74M
$1.52M – $2.03M
NOI $121,538 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.67M
$3.21M – $4.28M
NOI $256,579 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
7,334
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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Market
Properties on Market for Apartment buildings in Flushing
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Residents have private parking, balconies, and a shared laundry facility in the basement.
Where is this apartment building located?
The property is located at 13907 34th Avenue Flushing, NY.
What is the asking price?
The asking price for this property is $2,680,000.
What are key features of this property?
This property features: Legal seven‑family brick apartment building totaling 4,972 square feet; Built in 2009; zoned R6; Two private parking spaces served by a private driveway
