Two-Family Duplex with Recreation
2511 126th Street, Flushing, NY 11354
For Sale
$1,680,000
Residential Income, Flushing, NY
Property Size2,384 SF
Lot Size0.11 Acres
Price / SF$704.70
Days on Market51
Property Features for 2511 126th Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Interior features
Basement
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Standard status
APN
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Number of units
Buildings
Listing Agency:
Prospes Real Estate Corp
(718) 321-2800
Listed By:
Huanyan Li · License NY #10401267841
(347) 885-8668
Added: Sep 25
Changed: Nov 8
Last Checked: Nov 14 at 12:06AM
MLS# 1055051
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This two-family duplex, built in 1940, contains approximately 2,384 square feet of living space. The first and second floors each have three bedrooms, two bathrooms, a kitchen, and living or family space. In total, the home has six bedrooms and two kitchens. The lower level adds a recreation room, a bathroom, utility space, and additional usable area. Interior features include an eat-in kitchen and an open kitchen layout; heating is by baseboard, with window or wall/window unit cooling.
The property sits on a 4,988-square-foot lot at 2511 126th Street in Flushing. Public water and sewer serve the property, and driveway parking is available.
The property sits on a 4,988-square-foot lot at 2511 126th Street in Flushing. Public water and sewer serve the property, and driveway parking is available.
Key Highlights
- Two‑family property with 2,384 square feet of living space
- Six bedrooms and two kitchens; each of the first and second floors has three bedrooms and two bathrooms
- 4,988‑square‑foot 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
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,811
Businesses Nearby
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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
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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 - Two separate floor layouts each provide three bedrooms, two bathrooms, a kitchen, and living space.
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 property with 2,384 square feet of living space; Six bedrooms and two kitchens; each of the first and second floors has three bedrooms and two bathrooms; 4,988‑square‑foot lot
