Renovated Detached
New
For Sale
$1,980,000
14004 Quince Avenue, Flushing, NY 11355
All-brick construction and a three-story layout support a two-family residential configuration.
Property Size2,730 SF
Days on Market5
Property Features for 14004 Quince Avenue
General Information
Standard status
Active
Size
2,730 SF
Property subtype
Duplex
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$13,096
Building Details
Building Size
2,730 SF
Year Built
1960
Year Renovated
2017
Buildings
1
Stories
3
Construction
brick
Listing Agency:
Royalux Realty LLC
Listed By:
Aina Chen
(929) 293-2222
Source:
Barbieliteam
Added: Sep 7
Changed: Sep 10
Last Checked: Sep 10 at 6:13AM
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 Royalux Realty LLC
Investment Insights
Based on property information with market context.
This detached duplex is an all-brick residential property with two family units and three stories above ground. The home was renovated in 2017 and was originally built in 1960, providing a defined combination of established construction and updated interiors.
The property is located at 14004 Quince Avenue in Flushing, NY 11355. Gold City Supermarket is approximately a 7-minute walk away, with a nearby bus stop and Main Street also within walking distance. Elementary and middle schools are located nearby within the surrounding school district.
The property is located at 14004 Quince Avenue in Flushing, NY 11355. Gold City Supermarket is approximately a 7-minute walk away, with a nearby bus stop and Main Street also within walking distance. Elementary and middle schools are located nearby within the surrounding school district.
Key Highlights
- Detached all‑brick duplex with two family units
- Three stories above ground
- Renovation completed in 2017
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$66,733
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,334,660
$1.3M
Cap Rate 7%
$953,329
$953.3K
Cap Rate 9%
$741,478
$741.5K
Market Conditions
NOI Build-Up for 2,730 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$126.1K $46.20/SF
− Vacancy
−$4.8K −$1.76/SF
EGI
$121.3K $44.44/SF
− OpEx
−$54.6K −$20.00/SF
NOI
$66.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,334,660
Cap Rate 7%
$953,329
Cap Rate 9%
$741,478
Alternative Uses
Best Use
Apartment 5plus
$953.3K
$834.2K – $1.11M
NOI $66,733 @ 7.0% cap · market cap 3.37%
Second Best
Multifamily LT 5
$645.5K
$564.8K – $753.1K
NOI $45,186 @ 7.0% cap · market cap 2.28%
Theoretical Best
Office A
$2.01M
$1.76M – $2.35M
NOI $140,881 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,916
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - All-brick construction and a three-story layout support a two-family residential configuration.
Where is this duplex located?
The property is located at 14004 Quince Avenue Flushing, NY.
What is the asking price?
The asking price for this property is $1,980,000.
What are key features of this property?
This property features: Detached all‑brick duplex with two family units; Three stories above ground; Renovation completed in 2017
