Renovated Two-Family
For Sale
$1,399,000
140-24 Quince Avenue, Flushing, NY 11355
Residential Income, Flushing, NY
Property Size1,764 SF
Lot Size0.06 Acres
Price / SF$793.08
Days on Market52
Property Features for 140-24 Quince Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Basement, Bathroom 3, Bathroom 4, Bedroom 3, Bedroom 5, Bedroom 4, Bedroom 7
Basement
Full, Finished
Elementary school
Ps 24 Andrew Jackson
Middle school
Is 237
High school
East-West School Of International Studies
Elementary school district
Queens 25
Middle school district
Queens 25
High school district
Queens 25
Standard status
Active
APN
05230-0007
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8955
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1930
Number of units
2
Building materials
Frame
Buildings
1
Listing Agency:
E Realty International Corp
(718) 886-8110
Listed By:
Yue Qi
(929) 888-0202
Added: Sep 13
Changed: Oct 29
Last Checked: Nov 3 at 1:06PM
MLS# 1050693
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This detached duplex was substantially renovated inside and out earlier this year. The approximately 1,764-square-foot residence contains two separate living levels, with four bedrooms and two full bathrooms on the first floor and three bedrooms with two full bathrooms upstairs. A finished, high-ceiling basement has exterior access from the side and rear, while the full-height attic is reached by a permanent interior staircase. Both areas provide additional usable space beyond the primary floors.
The property occupies an approximately 25.42 x 100 lot and includes a finished storage structure in the backyard. Newly poured concrete covers the front area and side walkway. Public water and sewer serve the property, which uses natural-gas heating and wall/window cooling units. Supermarkets, schools, parks, and public transportation are nearby; Q17 and Q25 bus stops are within a short walk, and Queens College is approximately five minutes away by car.
The property occupies an approximately 25.42 x 100 lot and includes a finished storage structure in the backyard. Newly poured concrete covers the front area and side walkway. Public water and sewer serve the property, which uses natural-gas heating and wall/window cooling units. Supermarkets, schools, parks, and public transportation are nearby; Q17 and Q25 bus stops are within a short walk, and Queens College is approximately five minutes away by car.
Key Highlights
- Two‑family duplex with 7 bedrooms and 4 full bathrooms
- Approximately 1,764 square feet on a 0.0584‑acre lot
- Extensive interior and exterior renovations completed earlier this year
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 - Detached duplex with finished lower-level and attic areas, backyard storage, and access to public transportation.
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 a 0.0584‑acre lot; Extensive interior and exterior renovations completed earlier this year
