Legal Three-Family Detached
146-11 35th Ave Flushing, NY 11354
New
146-11 35th Ave, Flushing, NY, 11354
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For Sale
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Detached three-family residence on a 50' x 150' lot with five garages and private parking for up to five cars.
Property Size7,500 SF
Lot Size0.17 Acres
Price / SF$236.67
Days on Market7
Property Features for 146-11 35th Ave
General Information
- Standard status
- Active
- Size
- 7,500 SF
- Lot size
- 0.17 Acres
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1901
Listing Agency
Key Impact Realty Group
(718) 799-0053
Listed by
Zhen Hu · License #10311210044
Source
Crexi
Added: Jul 15 Updated: Jul 20 at 4:34 am Checked: Jul 20 at 4:34 am
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 Key Impact Realty Group
Investment Insights
Based on property information with market context.
This legal detached three-family home is set on an oversized 50' x 150' lot and includes five garages plus a large private parking area that can accommodate up to five cars. The property is configured as a three-unit residence and currently generates rental income.
The location is in the heart of Flushing, with convenient access to shopping, supermarkets, restaurants, schools, parks, and everyday amenities. Public transportation and major highways are described as nearby, with Downtown Flushing accessible within minutes.
For buyers, the combination of multi-family income and on-site parking/garage capacity supports a variety of ownership strategies, including redevelopment planning where applicable.
The location is in the heart of Flushing, with convenient access to shopping, supermarkets, restaurants, schools, parks, and everyday amenities. Public transportation and major highways are described as nearby, with Downtown Flushing accessible within minutes.
For buyers, the combination of multi-family income and on-site parking/garage capacity supports a variety of ownership strategies, including redevelopment planning where applicable.
Key Highlights
- Detached legal 3‑family home built in 1901
- Located on an oversized 7,500 sq. ft. (50' x 150') lot
- Includes 5 garages and a large private parking lot that accommodates up to 5 cars
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $189.0k | $25.20 |
| − Vacancy | −$11.7k | −$1.55 |
| EGI | $177.3k | $23.65 |
| − OpEx | −$53.2k | −$7.09 |
| NOI | $124.1k | $16.55 |
7,500 SF · lease $25.20/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Apartment 5plus
$2.62M
$2.29M – $3.06M
NOI $183,333 @ 7.0% cap · market cap 10.33%
Second Best
Multifamily LT 5
$1.77M
$1.55M – $2.07M
NOI $124,137 @ 7.0% cap · market cap 6.99%
Theoretical Best
Office A
$5.53M
$4.84M – $6.45M
NOI $387,036 @ 7.0% cap · market cap 21.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Detached three-family residence on a 50' x 150' lot with five garages and private parking for up to five cars.
Where is this triplex located?
The property is located at 146-11 35th Ave Flushing, NY.
What is the asking price?
The asking price for this property is $1,775,000.
What are key features of this property?
This property features: Detached legal 3‑family home built in 1901; Located on an oversized 7,500 sq. ft. (50' x 150') lot; Includes 5 garages and a large private parking lot that accommodates up to 5 cars
