Detached Duplex with Detached
For Sale
$2,300,000
143-10 Beech Avenue, Flushing, NY 11355
Detached two-dwelling home with multiple en-suites, 2.5 baths, and a detached garage with parking in Flushing.
Property Size2,713 SF
Lot Size0.12 Acres
Price / SF$847.77
Days on Market100
Property Features for 143-10 Beech Avenue
General Information
Standard status
Active
Size
2,713 SF
Total Parking Spaces
2
Lot size
0.12 Acres
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$12,736
Building Details
Building Size
2,713 SF
Year Built
1920
Buildings
1
Tenancy
Multi
Listing Agency:
Winzone Realty Inc
Listed By:
Mo Ling Chan
(718) 886-3200
Source:
Barbieliteam
Added: Jun 12
Changed: Sep 6
Last Checked: Sep 18 at 12:42PM
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 Winzone Realty Inc
Investment Insights
Based on property information with market context.
Detached duplex-style two-dwelling home in the heart of Flushing. The property includes a detached garage and 2 parking spaces, along with a spacious layout featuring a living room and kitchen plus 5 en-suites, 4 bedrooms, and 2.5 bathrooms. Constructed in 1920, the home sits on a 5375sqf lot with 2713sqf for living area.
Conveniently located for shopping and transportation, making it a practical fit for tenants or owner-occupants seeking easy day-to-day access in Flushing.
Conveniently located for shopping and transportation, making it a practical fit for tenants or owner-occupants seeking easy day-to-day access in Flushing.
Key Highlights
- 5375sqf lot with 2713sqf living area
- Two‑dwelling duplex configuration
- 5 en‑suites plus 4 bedrooms
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
$66,318
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
2.88%
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%
$1,326,360
$1.3M
Cap Rate 7%
$947,400
$947.4K
Cap Rate 9%
$736,867
$736.9K
Market Conditions
NOI Build-Up for 2,713 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
$125.3K $46.20/SF
− Vacancy
−$4.8K −$1.76/SF
EGI
$120.6K $44.44/SF
− OpEx
−$54.3K −$20.00/SF
NOI
$66.3K $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 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%
$1,326,360
Cap Rate 7%
$947,400
Cap Rate 9%
$736,867
Alternative Uses
Best Use
Apartment 5plus
$947.4K
$829.0K – $1.11M
NOI $66,318 @ 7.0% cap · market cap 2.88%
Second Best
Multifamily LT 5
$641.5K
$561.3K – $748.4K
NOI $44,905 @ 7.0% cap · market cap 1.95%
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $140,004 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
9,084
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 - Detached two-dwelling home with multiple en-suites, 2.5 baths, and a detached garage with parking in Flushing.
Where is this duplex located?
The property is located at 143-10 Beech Avenue Flushing, NY.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 5375sqf lot with 2713sqf living area; Two‑dwelling duplex configuration; 5 en‑suites plus 4 bedrooms
