Duplex with Finished
New
For Sale
$1,850,000
Pending
14615 27th Avenue, Flushing, NY 11354
Both residences have three bedrooms and two full baths, plus an additional bathroom in the finished basement.
Property Size2,937 SF
Days on Market6
Property Features for 14615 27th Avenue
General Information
Standard status
Pending
Size
2,937 SF
Total Parking Spaces
2
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$14,047
Amenities
First Floor Bedroom
Eat-in Kitchen
Formal Dining
Primary Bathroom
Storage
Washer/Dryer Hookup
Building Details
Building Size
2,937 SF
Year Built
1960
Buildings
1
Units
2
Listing Agency:
Stonegate Real Estate
Listed By:
David Lau
(646) 512-4792
Source:
Georgemcknight
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 26 at 4:07AM
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 Stonegate Real Estate
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Investment Insights
Based on property information with market context.
This 2,937-square-foot duplex, built in 1960, contains two residences, each with three bedrooms and two full bathrooms. A finished basement with its own entrance adds a full bathroom, and a two-car garage provides off-street parking.
The property is at 14615 27th Avenue in Flushing. Nearby transit includes the Q13, Q20A/B, Q27, Q44 SBS, and Q58 bus lines, as well as the 7 Train at Flushing Main Street and the LIRR. Schools, parks, shopping, Hua Lian Supermarket, and Good Fortune Supermarket are also nearby. JFK and LGA airports are each less than 20 minutes away.
The property is at 14615 27th Avenue in Flushing. Nearby transit includes the Q13, Q20A/B, Q27, Q44 SBS, and Q58 bus lines, as well as the 7 Train at Flushing Main Street and the LIRR. Schools, parks, shopping, Hua Lian Supermarket, and Good Fortune Supermarket are also nearby. JFK and LGA airports are each less than 20 minutes away.
Key Highlights
- Two residences, each with 3 bedrooms and 2 full bathrooms
- 2,937 square feet; built in 1960
- Finished basement has a separate entrance and an additional full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,793
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,435,860
$1.4M
Cap Rate 7%
$1,025,614
$1.0M
Cap Rate 9%
$797,700
$797.7K
Market Conditions
NOI Build-Up for 2,937 SF
Gross rent
$135.7K $46.20/SF
− Vacancy
−$5.2K −$1.76/SF
EGI
$130.5K $44.44/SF
− OpEx
−$58.7K −$20.00/SF
NOI
$71.8K $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%
$1,435,860
Cap Rate 7%
$1,025,614
Cap Rate 9%
$797,700
Alternative Uses
Best Use
Apartment 5plus
$1.03M
$897.4K – $1.20M
NOI $71,793 @ 7.0% cap · market cap 3.88%
Second Best
Multifamily LT 5
$694.5K
$607.7K – $810.2K
NOI $48,612 @ 7.0% cap · market cap 2.63%
Theoretical Best
Office A
$2.17M
$1.89M – $2.53M
NOI $151,563 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,088
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have three bedrooms and two full baths, plus an additional bathroom in the finished basement.
Where is this duplex located?
The property is located at 14615 27th Avenue Flushing, NY.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 full bathrooms; 2,937 square feet; built in 1960; Finished basement has a separate entrance and an additional full bathroom
