7-Unit Brick Apartment
13909 34th Avenue, Flushing, NY 11354
For Sale
$2,680,000
The property includes private parking, multiple balconies, and a basement laundry facility.
Property Size5,002 SF
Price / SF$535.79
Days on Market265
Property Features for 13909 34th Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Public Transit
Utilities to Site
Units
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
common laundry facility
balconies
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 17
Changed: Nov 7
Last Checked: Nov 7 at 12:21PM
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.
Built in 2009, this legal seven-family brick apartment building contains 5,002 square feet and is zoned R6. Front and rear balconies serve the second, third, and fourth floors. A high-ceiling basement houses shared laundry facilities, and a private driveway provides two parking spaces. The building has eight gas and electrical meters, with tenants responsible for their utility costs.
The property is in downtown Flushing, within walking distance of a transit hub with bus service, the LIRR, and the 7 train. Shops, restaurants, and supermarkets are located along Northern Boulevard and Union Street.
The property is in downtown Flushing, within walking distance of a transit hub with bus service, the LIRR, and the 7 train. Shops, restaurants, and supermarkets are located along Northern Boulevard and Union Street.
Key Highlights
- Legal seven‑family brick apartment building with 5,002 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
$122,271
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,445,420
$2.4M
Cap Rate 7%
$1,746,729
$1.7M
Cap Rate 9%
$1,358,567
$1.4M
Market Conditions
NOI Build-Up for 5,002 SF
Gross rent
$231.1K $46.20/SF
− Vacancy
−$8.8K −$1.76/SF
EGI
$222.3K $44.44/SF
− OpEx
−$100.0K −$20.00/SF
NOI
$122.3K $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%
$2,445,420
Cap Rate 7%
$1,746,729
Cap Rate 9%
$1,358,567
Alternative Uses
Best Use
Apartment 5plus
$1.75M
$1.53M – $2.04M
NOI $122,271 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.69M
$3.23M – $4.30M
NOI $258,127 @ 7.0% cap · market cap 9.63%
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
7
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
7,250
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 - The property includes private parking, multiple balconies, and a basement laundry facility.
Where is this apartment building located?
The property is located at 13909 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 with 5,002 square feet; Built in 2009; zoned R6; Two private parking spaces served by a private driveway
