7-Family Brick Apartment
For Sale
$2,680,000
13911 34th Avenue, Flushing, NY 11354
The legal multifamily property includes private parking, balconies, and shared basement laundry.
Property Size5,167 SF
Price / SF$518.68
Days on Market243
Property Features for 13911 34th Avenue
General Information
Standard status
Active
Size
5,167 SF
Total Parking Spaces
2
Property subtype
Quadruplex
Zoning
R6
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
7
Taxes and HOA fees
Annual Taxes
$46,572
Amenities
balconies
common laundry facility
Building Details
Building Size
5,167 SF
Year Built
2009
Construction
brick
Listing Agency:
AAA Young Shuen Realty Inc
Listed By:
Hui Fang Chen · License #40CH0788536
(718) 461-9494
Source:
Thedecurtisgroup
Added: Mar 5
Changed: Nov 1
Last Checked: Nov 1 at 1:43AM
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 5,167 square feet and is zoned R6. Balconies serve the front and rear of the second, third, and fourth floors. The basement has high ceilings and a common laundry facility. A private driveway provides two parking spaces, and the building has eight gas and electrical meters; tenants pay all utilities.
The property is within walking distance of downtown Flushing public transportation, including buses, the LIRR, and the 7 train. Northern Boulevard and Union Street, with shops, restaurants, and supermarkets, are also walkable.
The property is within walking distance of downtown Flushing public transportation, including buses, the LIRR, and the 7 train. Northern Boulevard and Union Street, with shops, restaurants, and supermarkets, are also walkable.
Key Highlights
- Legal 7‑family brick apartment building, built in 2009
- 5,167 square feet; zoned R6
- Two private parking spaces served by a private driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$126,304
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,526,080
$2.5M
Cap Rate 7%
$1,804,343
$1.8M
Cap Rate 9%
$1,403,378
$1.4M
Market Conditions
NOI Build-Up for 5,167 SF
Gross rent
$238.7K $46.20/SF
− Vacancy
−$9.1K −$1.76/SF
EGI
$229.6K $44.44/SF
− OpEx
−$103.3K −$20.00/SF
NOI
$126.3K $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%
$2,526,080
Cap Rate 7%
$1,804,343
Cap Rate 9%
$1,403,378
Alternative Uses
Best Use
Apartment 5plus
$1.80M
$1.58M – $2.11M
NOI $126,304 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.81M
$3.33M – $4.44M
NOI $266,642 @ 7.0% cap · market cap 9.95%
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
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Lease Details
7
Residential units
Yes
Utilities to site
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - The legal multifamily property includes private parking, balconies, and shared basement laundry.
Where is this apartment building located?
The property is located at 13911 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 7‑family brick apartment building, built in 2009; 5,167 square feet; zoned R6; Two private parking spaces served by a private driveway
