Two-Unit Duplex with Full
New
For Sale
$3,190,000
199-15 35th Avenue, Flushing, NY 11358
A corner-lot residence offers seven bedrooms, 6.5 bathrooms, and a separately accessed basement.
Property Size4,500 SF
Lot Size0.12 Acres
Days on Market7
Property Features for 199-15 35th Avenue
General Information
Standard status
Active
Size
4,500 SF
Lot size
0.12 Acres
Property subtype
Duplex
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,069
Building Details
Building Size
4,500 SF
Year Built
2026
Listing Agency:
Winzone Realty Inc
Listed By:
Xiao Feng Pan CBR · License #31PA0929296
(718) 899-7000
Source:
Barbieliteam
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 26 at 10:10PM
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 Winzone Realty Inc
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Investment Insights
Based on property information with market context.
Completed in 2026, this two-unit duplex occupies a 5,133-square-foot corner lot, with a 38 x 57 building footprint. The residence contains seven bedrooms and 6.5 bathrooms. First-floor features include an oversized living room, a modern kitchen, and an en-suite bedroom; the full basement has a bathroom and separate entrance. Ceiling heights are approximately 9.5 feet on the first floor and 9 feet on the second. An 8-foot-high attic provides approximately 700 square feet of additional space.
Key Highlights
- Two‑unit duplex completed in 2026
- 5,133‑square‑foot corner lot; 38 x 57 building size
- Seven bedrooms and 6.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,000
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,200,000
$2.2M
Cap Rate 7%
$1,571,429
$1.6M
Cap Rate 9%
$1,222,222
$1.2M
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$207.9K $46.20/SF
− Vacancy
−$7.9K −$1.76/SF
EGI
$200.0K $44.44/SF
− OpEx
−$90.0K −$20.00/SF
NOI
$110.0K $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%
$2,200,000
Cap Rate 7%
$1,571,429
Cap Rate 9%
$1,222,222
Alternative Uses
Best Use
Apartment 5plus
$1.57M
$1.38M – $1.83M
NOI $110,000 @ 7.0% cap · market cap 3.45%
Second Best
Multifamily LT 5
$1.06M
$931.0K – $1.24M
NOI $74,482 @ 7.0% cap · market cap 2.33%
Theoretical Best
Office A
$3.32M
$2.90M – $3.87M
NOI $232,222 @ 7.0% cap · market cap 7.28%
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
5,689
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 - A corner-lot residence offers seven bedrooms, 6.5 bathrooms, and a separately accessed basement.
Where is this duplex located?
The property is located at 199-15 35th Avenue Flushing, NY.
What is the asking price?
The asking price for this property is $3,190,000.
What are key features of this property?
This property features: Two‑unit duplex completed in 2026; 5,133‑square‑foot corner lot; 38 x 57 building size; Seven bedrooms and 6.5 bathrooms
