Multifamily Building with
New
For Sale
$2,749,000
196-43 45 Rd, Flushing, NY 11358
Residential Income, Flushing, NY
Property Size3,600 SF
Lot Size0.14 Acres
Price / SF$763.61
Days on Market3
Property Features for 196-43 45 Rd
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
9
Full bathrooms
9
Rooms
Bedroom 5, Bathroom 6, Bathroom 8, Bathroom 4, Bedroom 2, Bathroom 1, Bedroom 7, Bedroom 3, Bedroom 1, Bedroom 6, Bedroom 4, Bathroom 3, Bathroom 5, Bathroom 2, Bathroom 9, Bedroom 8, Bathroom 7
Subdivision
Flushing
High school district
New York City District 26
Standard status
Active
APN
04-5538-0052
Size
3,600 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
13000
Utilities
Heating system
Baseboard, Natural Gas
Water source
Public
Amenities
balconies
basement access
Building Details
Year built
2025
Flooring type
Hardwood
Building materials
Brick
Listing Agency:
Statewide Properties LLC
(347) 560-4024
Listed By:
Vitaly Isaacs · License #10401300688
(917) 620-3605
Added: Oct 8
Last Checked: Oct 10 at 8:06AM
MLS# 12019557
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2025, this brick multifamily property contains 3,600 square feet, with hardwood flooring and baseboard heat fueled by natural gas. Two balconies—one at the front and one at the rear—add outdoor space. The basement can be reached from either end of the building, and an existing gas meter serves the property.
The site measures approximately 0.1377 acres and includes a rear yard with space for parking multiple cars. Public water is available. The property is located at 196-43 45 Rd in Flushing, Queens, near bus transportation and supermarkets.
The site measures approximately 0.1377 acres and includes a rear yard with space for parking multiple cars. Public water is available. The property is located at 196-43 45 Rd in Flushing, Queens, near bus transportation and supermarkets.
Key Highlights
- 3,600 square feet of building area
- 0.1377‑acre lot
- Eight bedrooms and nine bathrooms
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
—
—
no second resolved use
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.
Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,588
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - The residence includes eight bedrooms, nine bathrooms, and basement entry at both the front and rear.
Where is this multifamily property 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 feet of building area; 0.1377‑acre lot; Eight bedrooms and nine bathrooms
