Two-Family Duplex with
For Sale
$2,150,000
Pending
147-30 Cherry Avenue, Flushing, NY 11355
A finished basement and usable attic provide additional functional space.
Property Size3,371 SF
Lot Size0.11 Acres
Days on Market9
Property Features for 147-30 Cherry Avenue
General Information
Standard status
Pending
Size
3,371 SF
Lot size
0.11 Acres
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$13,977
Amenities
Finished,Full,Storage Space,Walk-Out Access
Hardwood
4
No
Yes
6
First Floor Bedroom,First Floor Full Bath,High Ceilings,Open Kitchen
Finished, Full, Storage Space, Walk-Out Access
Public
3
Detached, Driveway, Garage, Private
Balcony,Garden
3371
Building Details
Building Size
3,371 SF
Year Built
1910
Listing Agency:
(516) 703-2918
Listed By:
Aman Deep Sabharwal
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 3:27PM
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 Aman Deep Sabharwal
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Investment Insights
Based on property information with market context.
This detached two-family property contains approximately 3,371 square feet of interior space on a 5,000-square-foot lot. The home includes a usable attic and a finished basement with storage space and walk-out access. A balcony and garden provide outdoor areas, while a private driveway and garage are also part of the property. Built in 1910, the residence is located in Flushing, New York.
Key Highlights
- Two‑family property with approximately 3,371 square feet of interior space
- 5,000‑square‑foot lot
- Finished basement with storage space and walk‑out access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,402
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,648,040
$1.6M
Cap Rate 7%
$1,177,171
$1.2M
Cap Rate 9%
$915,578
$915.6K
Market Conditions
NOI Build-Up for 3,371 SF
Gross rent
$155.7K $46.20/SF
− Vacancy
−$5.9K −$1.76/SF
EGI
$149.8K $44.44/SF
− OpEx
−$67.4K −$20.00/SF
NOI
$82.4K $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%
$1,648,040
Cap Rate 7%
$1,177,171
Cap Rate 9%
$915,578
Alternative Uses
Best Use
Apartment 5plus
$1.18M
$1.03M – $1.37M
NOI $82,402 @ 7.0% cap · market cap 3.83%
Second Best
Multifamily LT 5
$797.1K
$697.4K – $929.9K
NOI $55,795 @ 7.0% cap · market cap 2.60%
Theoretical Best
Office A
$2.49M
$2.17M – $2.90M
NOI $173,960 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
8,966
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A finished basement and usable attic provide additional functional space.
Where is this duplex located?
The property is located at 147-30 Cherry Avenue Flushing, NY.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Two‑family property with approximately 3,371 square feet of interior space; 5,000‑square‑foot lot; Finished basement with storage space and walk‑out access
