8-Unit Apartment
For Sale
$2,350,000
14453 38th Avenue, Flushing, NY 11354
Semi-detached residential property with on-site parking and transit access near downtown Flushing.
Property Size6,212 SF
Price / SF$378.30
Days on Market339
Property Features for 14453 38th Avenue
General Information
Standard status
Active
Size
6,212 SF
Total Parking Spaces
3
Property subtype
Commercial
Units
Unit Mix
8 x 1BR
Multifamily Units
8
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$49,237
Building Details
Building Size
6,212 SF
Year Built
1971
Units
8
Construction
semi-detached
Listing Agency:
E Realty International Corp
(718) 886-8110
Listed By:
Wei Zheng
(917) 250-0776
Source:
Clairedleone
Added: Nov 18, 2025
Changed: Oct 23
Last Checked: Oct 23 at 4:53PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This semi-detached apartment property contains 8 one-bedroom units, each with a living area. The 6,212-square-foot building was constructed in 1971, and at least 2 parking spaces are located at the front of the property.
Downtown Flushing’s Main Street is a few minutes away on foot. The property is also near the 7 Train and bus service.
Downtown Flushing’s Main Street is a few minutes away on foot. The property is also near the 7 Train and bus service.
Key Highlights
- 8 one‑bedroom apartments, each with a living area
- 6,212‑square‑foot building constructed in 1971
- Semi‑detached configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$151,849
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,036,980
$3.0M
Cap Rate 7%
$2,169,271
$2.2M
Cap Rate 9%
$1,687,211
$1.7M
Market Conditions
NOI Build-Up for 6,212 SF
Gross rent
$287.0K $46.20/SF
− Vacancy
−$10.9K −$1.76/SF
EGI
$276.1K $44.44/SF
− OpEx
−$124.2K −$20.00/SF
NOI
$151.8K $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%
$3,036,980
Cap Rate 7%
$2,169,271
Cap Rate 9%
$1,687,211
Alternative Uses
Best Use
Apartment 5plus
$2.17M
$1.90M – $2.53M
NOI $151,849 @ 7.0% cap · market cap 6.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.58M
$4.01M – $5.34M
NOI $320,569 @ 7.0% cap · market cap 13.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
9,127
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Semi-detached residential property with on-site parking and transit access near downtown Flushing.
Where is this apartment building located?
The property is located at 14453 38th Avenue Flushing, NY.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 8 one‑bedroom apartments, each with a living area; 6,212‑square‑foot building constructed in 1971; Semi‑detached configuration
