Duplex with Detached
New
For Sale
$1,798,000
147-21 45th Avenue, Flushing, NY 11355
Two legal residences each offer four bedrooms and two bathrooms, along with a full basement and detached garage.
Property Size2,196 SF
Days on Market3
Property Features for 147-21 45th Avenue
General Information
Standard status
Active
Size
2,196 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$10,380
Building Details
Building Size
2,196 SF
Year Built
1925
Listing Agency:
E Realty International Corp
Listed By:
Ning Zhang · License #10401338491
(929) 525-7088
Source:
Barbieliteam
Added: Oct 9
Changed: Oct 11
Last Checked: Oct 11 at 2:29PM
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
Investment Insights
Based on property information with market context.
This legal two-family duplex was built in 1925 and contains two residences, each arranged with four bedrooms and two bathrooms. The property also includes a full basement and a detached garage on a 40-by-100-foot lot.
The home is in Flushing, with Downtown Flushing and the Main Street subway station approximately a 15–20-minute walk away. Murray Hill LIRR access is nearby, along with restaurants, supermarkets, shopping, and schools.
The home is in Flushing, with Downtown Flushing and the Main Street subway station approximately a 15–20-minute walk away. Murray Hill LIRR access is nearby, along with restaurants, supermarkets, shopping, and schools.
Key Highlights
- Legal two‑family home with two residences, each offering 4 bedrooms and 2 bathrooms
- 40 x 100 lot
- Full basement and detached garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,680
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,073,600
$1.1M
Cap Rate 7%
$766,857
$766.9K
Cap Rate 9%
$596,444
$596.4K
Market Conditions
NOI Build-Up for 2,196 SF
Gross rent
$101.5K $46.20/SF
− Vacancy
−$3.9K −$1.76/SF
EGI
$97.6K $44.44/SF
− OpEx
−$43.9K −$20.00/SF
NOI
$53.7K $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 Rate 5%
$1,073,600
Cap Rate 7%
$766,857
Cap Rate 9%
$596,444
Alternative Uses
Best Use
Apartment 5plus
$766.9K
$671.0K – $894.7K
NOI $53,680 @ 7.0% cap · market cap 2.99%
Second Best
Multifamily LT 5
$519.2K
$454.3K – $605.8K
NOI $36,347 @ 7.0% cap · market cap 2.02%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,324 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
6,789
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 - Two legal residences each offer four bedrooms and two bathrooms, along with a full basement and detached garage.
Where is this duplex located?
The property is located at 147-21 45th Avenue Flushing, NY.
What is the asking price?
The asking price for this property is $1,798,000.
What are key features of this property?
This property features: Legal two‑family home with two residences, each offering 4 bedrooms and 2 bathrooms; 40 x 100 lot; Full basement and detached garage
