Residential Income Property with
New
For Sale
$1,698,000
192-14 35th Avenue, Flushing, NY 11358
A finished interior, eat-in kitchen, and driveway support the property's residential configuration.
Property Size2,208 SF
Days on Market3
Property Features for 192-14 35th Avenue
General Information
Standard status
Active
Size
2,208 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$11,253
Amenities
Wall/Window Unit(s)
Baseboard, Natural Gas
Finished
Eat-in Kitchen
Driveway, Garage
Building Details
Building Size
2,208 SF
Year Built
1960
Listed By:
Li Li
(646) 889-9988
Source:
Evrealestate
Added: Oct 5
Changed: Oct 7
Last Checked: Oct 7 at 2:33PM
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 Li Li
Investment Insights
Based on property information with market context.
This residential income property was built in 1960 and includes a finished interior with an eat-in kitchen. Heating is provided by natural gas baseboard, with wall- or window-mounted units also present. Exterior features include a driveway and garage.
Key Highlights
- Built in 1960
- Finished interior with eat‑in kitchen
- Natural gas baseboard heating and wall/window units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,973
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,079,460
$1.1M
Cap Rate 7%
$771,043
$771.0K
Cap Rate 9%
$599,700
$599.7K
Market Conditions
NOI Build-Up for 2,208 SF
Gross rent
$102.0K $46.20/SF
− Vacancy
−$3.9K −$1.76/SF
EGI
$98.1K $44.44/SF
− OpEx
−$44.2K −$20.00/SF
NOI
$54.0K $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%
$1,079,460
Cap Rate 7%
$771,043
Cap Rate 9%
$599,700
Alternative Uses
Best Use
Apartment 5plus
$771.0K
$674.7K – $899.6K
NOI $53,973 @ 7.0% cap · market cap 3.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.63M
$1.42M – $1.90M
NOI $113,943 @ 7.0% cap · market cap 6.71%
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
5,689
Businesses Nearby
Explore this area
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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Frequently Asked Questions
What type of property is this?
Residential income property - A finished interior, eat-in kitchen, and driveway support the property's residential configuration.
Where is this residential income property located?
The property is located at 192-14 35th Avenue Flushing, NY.
What is the asking price?
The asking price for this property is $1,698,000.
What are key features of this property?
This property features: Built in 1960; Finished interior with eat‑in kitchen; Natural gas baseboard heating and wall/window units
