Three-Unit Brick
For Sale
$2,288,888
15022 Roosevelt Avenue, Flushing, NY 11354
Three rent-ready units with separate utilities, plus a finished basement and private driveway and backyard.
Property Size3,496 SF
Price / SF$654.72
Days on Market61
Property Features for 15022 Roosevelt Avenue
General Information
Standard status
Active
Size
3,496 SF
Property subtype
Triplex
Amenities
finished basement
backyard
Building Details
Building Size
3,496 SF
Year Built
1970
Construction
brick
Tenancy
Multi
Listing Agency:
Century Homes Realty Group LLC
(917) 703-6823
Listed By:
Dong Zheng
Source:
Cbwarburg
Added: Jun 2
Changed: Jul 30
Last Checked: Jul 31 at 11:29AM
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 Century Homes Realty Group LLC
Investment Insights
Based on property information with market context.
This three-unit brick triplex features three rent-ready units and a finished basement for additional usable space. The property includes separate utilities, offering independence between units, along with a private driveway and backyard.
Built in 1970, the home is located at 150-22 Roosevelt Avenue in Flushing, NY 11354. Public transit is nearby, with access to the 7 train, LIRR, and bus service, as well as shops.
The combination of three separate, rent-ready units and private exterior space makes the property well suited for an investor or an owner-occupant looking to live in the home while renting the remaining units. Tour by appointment.
Built in 1970, the home is located at 150-22 Roosevelt Avenue in Flushing, NY 11354. Public transit is nearby, with access to the 7 train, LIRR, and bus service, as well as shops.
The combination of three separate, rent-ready units and private exterior space makes the property well suited for an investor or an owner-occupant looking to live in the home while renting the remaining units. Tour by appointment.
Key Highlights
- Three rent‑ready units in a brick triplex
- Finished basement
- Separate utilities for the units
Financial Insights For Apartment 5plus
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 | $161.5k | $46.20 |
| − Vacancy | −$6.1k | −$1.76 |
| EGI | $155.4k | $44.44 |
| − OpEx | −$69.9k | −$20.00 |
| NOI | $85.5k | $24.44 |
3,496 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.22M
$1.07M – $1.42M
NOI $85,458 @ 7.0% cap · market cap 3.73%
Second Best
Multifamily LT 5
$826.6K
$723.3K – $964.4K
NOI $57,864 @ 7.0% cap · market cap 2.53%
Theoretical Best
Office A
$2.58M
$2.26M – $3.01M
NOI $180,410 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
9,893
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three rent-ready units with separate utilities, plus a finished basement and private driveway and backyard.
Where is this triplex located?
The property is located at 15022 Roosevelt Avenue Flushing, NY.
What is the asking price?
The asking price for this property is $2,288,888.
What are key features of this property?
This property features: Three rent‑ready units in a brick triplex; Finished basement; Separate utilities for the units
