Duplex with Attached
For Sale
$1,880,000
164-04 29th Avenue, Flushing, NY 11358
The detached two-family home combines separate residential space with an attached garage and on-site laundry.
Property Size3,450 SF
Price / SF$544.93
Days on Market101
Property Features for 164-04 29th Avenue
General Information
Standard status
Active
Size
3,450 SF
Total Parking Spaces
2
Property subtype
Multi Family Home
Additional Details
Public Transit
Yes
Multifamily Units
2
Amenities
hardwood floors
open kitchen
coin-operated washer and dryer
Building Details
Year Built
1970
Buildings
1
Stories
3
Construction
all-brick
Listing Agency:
CRYSTIN & CO REALTY LLC
Listed By:
Crystin Drowlette
(518) 986-5484
Source:
Crystinandcorealty
Added: Jul 20
Changed: Oct 25
Last Checked: Oct 26 at 3:51AM
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 CRYSTIN & CO REALTY LLC
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Investment Insights
Based on property information with market context.
Built in 1970, this detached duplex contains two residential units across three stories, with a total of 7 bedrooms and 4 full bathrooms. The 3,450-square-foot interior features hardwood floors, an open kitchen, and living and dining areas. An attached two-car garage, gas heat, a new hot water heater, and coin-operated laundry equipment are also included.
The property is in Flushing, near shopping, restaurants, schools, parks, public transportation, and major roadways.
The property is in Flushing, near shopping, restaurants, schools, parks, public transportation, and major roadways.
Key Highlights
- Detached two‑family property with 7 bedrooms and 4 full bathrooms
- 3,450 square feet across three stories; built in 1970
- Attached two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,333
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,686,660
$1.7M
Cap Rate 7%
$1,204,757
$1.2M
Cap Rate 9%
$937,033
$937.0K
Market Conditions
NOI Build-Up for 3,450 SF
Gross rent
$159.4K $46.20/SF
− Vacancy
−$6.1K −$1.76/SF
EGI
$153.3K $44.44/SF
− OpEx
−$69.0K −$20.00/SF
NOI
$84.3K $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%
$1,686,660
Cap Rate 7%
$1,204,757
Cap Rate 9%
$937,033
Alternative Uses
Best Use
Apartment 5plus
$1.20M
$1.05M – $1.41M
NOI $84,333 @ 7.0% cap · market cap 4.49%
Second Best
Multifamily LT 5
$815.8K
$713.8K – $951.7K
NOI $57,103 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$2.54M
$2.23M – $2.97M
NOI $178,037 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,871
Businesses Nearby
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Business Placement
Demographics for 11358, NY
40,435
Population
13,806
Households
2.9
Avg Household Size
43
Median Age
37%
College-Educated
84%
High-School Grad
2.0 sq mi
ZIP Area
20,218
Density / Sq Mi
$88,729
Median Household Income
$46,875
Median Earnings
$2,086
Median Rent
$967,200
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 - The detached two-family home combines separate residential space with an attached garage and on-site laundry.
Where is this duplex located?
The property is located at 164-04 29th Avenue Flushing, NY.
What is the asking price?
The asking price for this property is $1,880,000.
What are key features of this property?
This property features: Detached two‑family property with 7 bedrooms and 4 full bathrooms; 3,450 square feet across three stories; built in 1970; Attached two‑car garage
