Duplex with Rear
For Sale
$2,749,000
196-43 45 Rd, Flushing, NY 11358
Front and rear entrances provide access to the basement, while two balconies add outdoor space.
Property Size3,600 SF
Price / SF$763.61
Days on Market22
Property Features for 196-43 45 Rd
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Multi-Unit (2-4)
Building Details
Year Built
2025
Listing Agency:
Statewide Properties LLC
Listed By:
Vitaly Isaacs · License #10401300688
(347) 560-4024
Source:
Gosenproperties
Added: Oct 8
Changed: Oct 28
Last Checked: Oct 28 at 4:14PM
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 Statewide Properties LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,600-square-foot duplex was built in 2025 and sits on an approximately 6,000-square-foot lot. The property includes a front balcony and a rear balcony, along with basement access from both the front and back. An existing natural gas meter is present.
The rear yard can accommodate parking for multiple cars. Bus transportation and supermarkets are nearby, along with everyday services. Located at 196-43 45 Rd in Flushing, the property is in Queens.
The rear yard can accommodate parking for multiple cars. Bus transportation and supermarkets are nearby, along with everyday services. Located at 196-43 45 Rd in Flushing, the property is in Queens.
Key Highlights
- 3,600‑square‑foot duplex built in 2025
- Approximately 6,000‑square‑foot lot
- Two balconies, one at the front and one at the rear
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,000
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,760,000
$1.8M
Cap Rate 7%
$1,257,143
$1.3M
Cap Rate 9%
$977,778
$977.8K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$166.3K $46.20/SF
− Vacancy
−$6.3K −$1.76/SF
EGI
$160.0K $44.44/SF
− OpEx
−$72.0K −$20.00/SF
NOI
$88.0K $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%
$1,760,000
Cap Rate 7%
$1,257,143
Cap Rate 9%
$977,778
Alternative Uses
Best Use
Apartment 5plus
$1.26M
$1.10M – $1.47M
NOI $88,000 @ 7.0% cap · market cap 3.20%
Second Best
Multifamily LT 5
$851.2K
$744.8K – $993.1K
NOI $59,586 @ 7.0% cap · market cap 2.17%
Theoretical Best
Office A
$2.65M
$2.32M – $3.10M
NOI $185,777 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
1,747
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Front and rear entrances provide access to the basement, while two balconies add outdoor space.
Where is this duplex located?
The property is located at 196-43 45 Rd Flushing, NY.
What is the asking price?
The asking price for this property is $2,749,000.
What are key features of this property?
This property features: 3,600‑square‑foot duplex built in 2025; Approximately 6,000‑square‑foot lot; Two balconies, one at the front and one at the rear
