Duplex with Finished
For Sale
$1,153,000
15-32 124 Street, Flushing, NY 11356
Multiple kitchens and six bedrooms support a flexible residential layout across several levels.
Property Size1,940 SF
Days on Market8
Property Features for 15-32 124 Street
General Information
Standard status
Active
Size
1,940 SF
Property subtype
Duplex
Additional Details
Furnished
No
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,756
Building Details
Building Size
1,940 SF
Year Built
1910
Listing Agency:
B Square Realty
Listed By:
Ding Yu
(516) 888-8889
Source:
Serhant
Added: Oct 21
Changed: Oct 27
Last Checked: Oct 27 at 12:44AM
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 B Square Realty
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Investment Insights
Based on property information with market context.
This duplex, built in 1910, contains six bedrooms and five bathrooms arranged across multiple levels. Interior finishes include hardwood and tile flooring, and the property has multiple kitchens, updated bathrooms, and a finished basement that adds usable interior space.
Shopping, dining, schools, parks, and public transportation are nearby. Interior photos have been virtually staged; displayed furniture is for visualization only.
Shopping, dining, schools, parks, and public transportation are nearby. Interior photos have been virtually staged; displayed furniture is for visualization only.
Key Highlights
- Six bedrooms and five bathrooms across multiple levels
- Multiple kitchens in the residence
- Finished basement adds usable interior space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,422
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$948,440
$948.4K
Cap Rate 7%
$677,457
$677.5K
Cap Rate 9%
$526,911
$526.9K
Market Conditions
NOI Build-Up for 1,940 SF
Gross rent
$89.6K $46.20/SF
− Vacancy
−$3.4K −$1.76/SF
EGI
$86.2K $44.44/SF
− OpEx
−$38.8K −$20.00/SF
NOI
$47.4K $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%
$948,440
Cap Rate 7%
$677,457
Cap Rate 9%
$526,911
Alternative Uses
Best Use
Apartment 5plus
$677.5K
$592.8K – $790.4K
NOI $47,422 @ 7.0% cap · market cap 4.11%
Second Best
Multifamily LT 5
$458.7K
$401.4K – $535.2K
NOI $32,110 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,113 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
981
Businesses Nearby
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Business Placement
Demographics for 11356, NY
28,310
Population
9,003
Households
3.1
Avg Household Size
37
Median Age
25%
College-Educated
78%
High-School Grad
1.6 sq mi
ZIP Area
17,694
Density / Sq Mi
$91,445
Median Household Income
$40,928
Median Earnings
$2,160
Median Rent
$893,100
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?
Duplex - Multiple kitchens and six bedrooms support a flexible residential layout across several levels.
Where is this duplex located?
The property is located at 15-32 124 Street Flushing, NY.
What is the asking price?
The asking price for this property is $1,153,000.
What are key features of this property?
This property features: Six bedrooms and five bathrooms across multiple levels; Multiple kitchens in the residence; Finished basement adds usable interior space
