6-Bedroom Duplex with Recreation
New
For Sale
$1,580,000
2511 126th Street, Flushing, NY 11354
Two kitchens and separate three-bedroom living levels support a flexible two-family configuration.
Property Size2,384 SF
Lot Size0.11 Acres
Price / SF$662.75
Days on Market7
Property Features for 2511 126th Street
General Information
Standard status
Active
Size
2,384 SF
Lot size
0.11 Acres
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,473
Building Details
Building Size
2,384 SF
Year Built
1940
Buildings
1
Listing Agency:
Prospes Real Estate Corp
Listed By:
Huanyan Li · License #10401267841
(347) 885-8668
Source:
Serhant
Added: Sep 25
Changed: Sep 28
Last Checked: Oct 1 at 3:51PM
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 Prospes Real Estate Corp
Investment Insights
Based on property information with market context.
This two-family duplex contains approximately 2,384 square feet of living space on a 4,988-square-foot lot. The main and second floors each have three bedrooms, two bathrooms, a kitchen, and living space. A lower-level recreation room, bathroom, utility area, and additional usable space round out the layout. The property was built in 1940.
The Flushing property is near shopping, dining, transportation, and neighborhood amenities. Its two kitchens and distinct living levels accommodate the existing two-family configuration.
The Flushing property is near shopping, dining, transportation, and neighborhood amenities. Its two kitchens and distinct living levels accommodate the existing two-family configuration.
Key Highlights
- Two‑family property with 6 bedrooms
- Approximately 2,384 square feet of living space on a 4,988‑square‑foot lot
- Each of the main and second floors has 3 bedrooms, 2 bathrooms, a kitchen, and living space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$58,275
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,165,500
$1.2M
Cap Rate 7%
$832,500
$832.5K
Cap Rate 9%
$647,500
$647.5K
Market Conditions
NOI Build-Up for 2,384 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$110.1K $46.20/SF
− Vacancy
−$4.2K −$1.76/SF
EGI
$106.0K $44.44/SF
− OpEx
−$47.7K −$20.00/SF
NOI
$58.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,165,500
Cap Rate 7%
$832,500
Cap Rate 9%
$647,500
Alternative Uses
Best Use
Apartment 5plus
$832.5K
$728.4K – $971.3K
NOI $58,275 @ 7.0% cap · market cap 3.69%
Second Best
Multifamily LT 5
$563.7K
$493.2K – $657.7K
NOI $39,459 @ 7.0% cap · market cap 2.50%
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $123,026 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,811
Businesses Nearby
Explore this area
Business Placement
Demographics for 11354, NY
61,276
Population
22,979
Households
2.7
Avg Household Size
45
Median Age
33%
College-Educated
79%
High-School Grad
2.2 sq mi
ZIP Area
27,853
Density / Sq Mi
$62,833
Median Household Income
$40,404
Median Earnings
$1,766
Median Rent
$521,000
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?
Duplex - Two kitchens and separate three-bedroom living levels support a flexible two-family configuration.
Where is this duplex located?
The property is located at 2511 126th Street Flushing, NY.
What is the asking price?
The asking price for this property is $1,580,000.
What are key features of this property?
This property features: Two‑family property with 6 bedrooms; Approximately 2,384 square feet of living space on a 4,988‑square‑foot lot; Each of the main and second floors has 3 bedrooms, 2 bathrooms, a kitchen, and living space
