Two-Family Duplex with Flexible Lower
2511 126th Street, Flushing, NY 11354
For Sale
$1,680,000
Separate kitchens and a lower-level recreation room support a range of household arrangements.
Property Size2,384 SF
Lot Size0.11 Acres
Price / SF$704.70
Days on Market47
Property Features for 2511 126th Street
General Information
Standard status
Size
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
Prospes Real Estate Corp
(718) 321-2800
Listed By:
Huanyan Li · License NY #10401267841
(347) 885-8668
Source:
Neilcharlesrealestate
Added: Sep 25
Changed: Nov 9
Last Checked: Nov 9 at 9:30AM
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
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 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 or family space. A lower level adds a recreation room, bathroom, utility area, and additional usable space. The home was built in 1940.
The property is in Flushing, near shopping, dining, transportation, and neighborhood amenities.
The property is in Flushing, near shopping, dining, transportation, and neighborhood amenities.
Key Highlights
- Two‑family layout with 6 bedrooms and 2 kitchens
- Main and second floors each offer 3 bedrooms, 2 bathrooms, a kitchen, and living space
- Approximately 2,384 sq ft of living space on a 4,988 sq ft lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,911
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,178,220
$1.2M
Cap Rate 7%
$841,586
$841.6K
Cap Rate 9%
$654,567
$654.6K
Market Conditions
NOI Build-Up for 2,384 SF
Gross rent
$91.5K $38.40/SF
− Vacancy
−$7.4K −$3.10/SF
EGI
$84.2K $35.30/SF
− OpEx
−$25.2K −$10.59/SF
NOI
$58.9K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,178,220
Cap Rate 7%
$841,586
Cap Rate 9%
$654,567
Alternative Uses
Best Use
Multifamily LT 5
$841.6K
$736.4K – $981.9K
NOI $58,911 @ 7.0% cap · market cap 3.51%
Second Best
Apartment 5plus
$832.5K
$728.4K – $971.3K
NOI $58,275 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $123,026 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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
Market
Properties on Market for Duplexes in Flushing
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate kitchens and a lower-level recreation room support a range of household arrangements.
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 $1,680,000.
What are key features of this property?
This property features: Two‑family layout with 6 bedrooms and 2 kitchens; Main and second floors each offer 3 bedrooms, 2 bathrooms, a kitchen, and living space; Approximately 2,384 sq ft of living space on a 4,988 sq ft lot
