Renovated Seven-Bedroom
For Sale
$1,399,000
140-24 Quince Avenue, Flushing, NY 11355
Two-family layout with finished lower-level, attic, and backyard storage areas offers flexible residential space.
Property Size1,764 SF
Lot Size0.06 Acres
Price / SF$793.08
Days on Market51
Property Features for 140-24 Quince Avenue
General Information
Standard status
Active
Size
1,764 SF
Lot size
0.06 Acres
Property subtype
Duplex
Units
Unit Mix
4BR/2BA, 3BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,955
Building Details
Building Size
1,764 SF
Year Built
1930
Buildings
1
Listing Agency:
E Realty International Corp
Listed By:
Yue Qi
(929) 888-0202
Source:
Barbieliteam
Added: Sep 14
Changed: Oct 31
Last Checked: Nov 1 at 1:50PM
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 E Realty International Corp
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Investment Insights
Based on property information with market context.
This detached duplex in Flushing contains approximately 1,764 square feet on an approximately 25.42 x 100 lot. The first floor has four bedrooms and two full bathrooms, while the second floor includes three bedrooms and two full bathrooms. Interior and exterior renovations were completed earlier this year.
Additional space includes a finished, high-ceiling basement with exterior access from the side and rear, plus a full-height attic reached by a permanent interior staircase. The property also features a finished backyard storage structure and newly poured concrete at the front and along the side walkway. Supermarkets, schools, parks, and public transportation are nearby, with Q17 and Q25 bus stops within a short walk and Queens College approximately five minutes away by car. Built in 1930.
Additional space includes a finished, high-ceiling basement with exterior access from the side and rear, plus a full-height attic reached by a permanent interior staircase. The property also features a finished backyard storage structure and newly poured concrete at the front and along the side walkway. Supermarkets, schools, parks, and public transportation are nearby, with Q17 and Q25 bus stops within a short walk and Queens College approximately five minutes away by car. Built in 1930.
Key Highlights
- Two‑family duplex with 7 bedrooms and 4 full bathrooms
- Approximately 1,764 square feet on an approximately 25.42 x 100 lot
- Finished high‑ceiling basement with side and rear exterior access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,120
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$862,400
$862.4K
Cap Rate 7%
$616,000
$616.0K
Cap Rate 9%
$479,111
$479.1K
Market Conditions
NOI Build-Up for 1,764 SF
Gross rent
$81.5K $46.20/SF
− Vacancy
−$3.1K −$1.76/SF
EGI
$78.4K $44.44/SF
− OpEx
−$35.3K −$20.00/SF
NOI
$43.1K $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%
$862,400
Cap Rate 7%
$616,000
Cap Rate 9%
$479,111
Alternative Uses
Best Use
Apartment 5plus
$616.0K
$539.0K – $718.7K
NOI $43,120 @ 7.0% cap · market cap 3.08%
Second Best
Multifamily LT 5
$417.1K
$365.0K – $486.6K
NOI $29,197 @ 7.0% cap · market cap 2.09%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,031 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,916
Businesses Nearby
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Business Placement
Demographics for 11355, NY
89,465
Population
32,049
Households
2.8
Avg Household Size
44
Median Age
24%
College-Educated
70%
High-School Grad
1.7 sq mi
ZIP Area
52,626
Density / Sq Mi
$53,700
Median Household Income
$31,166
Median Earnings
$1,664
Median Rent
$711,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-family layout with finished lower-level, attic, and backyard storage areas offers flexible residential space.
Where is this duplex located?
The property is located at 140-24 Quince Avenue Flushing, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Two‑family duplex with 7 bedrooms and 4 full bathrooms; Approximately 1,764 square feet on an approximately 25.42 x 100 lot; Finished high‑ceiling basement with side and rear exterior access
