Search
Eight-Family Apartment Building
For Sale
$3,388,000

32-24 137TH Street, Flushing, NY 11354

MULTI_FAMILY - Flushing, NY

Property SizeContact for details
Lot Size0.06 Acres
Days on Market146

Property Features for 32-24 137TH Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R-2
Rooms Basement
Parking 4
Parking features Parking Lot, Assigned, Driveway
Basement Finished, Full
Appliances Dryer, Gas Cooktop, Gas Oven, Refrigerator, Washer, Gas Water Heater
Standard status Active
APN 04952-0034
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 3615

Utilities

Sewer type Public Sewer
Heating system Baseboard, Electric (Heating), Natural Gas, Hot Water(Heating)
Water source Public

Building Details

Year built 2015
Floors in Building 4
Number of units 8
Flooring type Tile - Ceramic
Listing Agency: E Realty International Corp
Listed By: Yanjuan Chen · License #10401388737
Added: Mar 20 Changed: Aug 4 Last Checked: Aug 12 at 11:06PM
MLS# 974518

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.

Investment Insights

Based on property information with market context.

This eight-family income-producing apartment building at 32-24 137TH Street, Flushing, NY 11354 features tax abatement in place until 2031 (with 5 years remaining). Built in 2015, the property includes a basement and has tile-ceramic flooring. Heating is provided via baseboard, electric (heating), hot water (heating), and natural gas. The home’s included appliances are a dryer, washer, refrigerator, gas cooktop, gas oven, and a gas water heater.

The property sits on a 0.0567-acre lot and is served by public water and public sewer. Parking is available with a driveway, assigned parking, and a parking lot.

With its R-2 zoning designation and established improvements dating to 2015, the building offers a straightforward multifamily configuration for tenants seeking a residential income property in Flushing.

Key Highlights

  • Tax abatement in place until 2031 (5 years remaining)
  • Eight‑family apartment building
  • Built in 2015 with basement

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Real Estate Agency Parking Lot & Garage (Bike/Boat/Book/etc) Store Nursing Home Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units

Location Intelligence

Trade Area within ½ mile

7,250
Businesses Nearby

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

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Eight-family apartment building in R-2 zoning with tax abatement in place until 2031.
Where is this apartment building located?
The property is located at 32-24 137TH Street Flushing, NY.
What is the asking price?
The asking price for this property is $3,388,000.
What are key features of this property?
This property features: Tax abatement in place until 2031 (5 years remaining); Eight‑family apartment building; Built in 2015 with basement
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message