Four-Level Brick
3235 Leavitt Street, Flushing, NY 11354
For Sale
$1,380,000
A two-family configuration includes a private backyard and an attached garage.
Property Size2,004 SF
Days on Market12
Property Features for 3235 Leavitt Street
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
attached garage
private backyard
Building Details
Building Size
Year Built
Buildings
Stories
Construction
Listing Agency:
Chase Global Realty Corp
Listed By:
Sam Zheng · License #1013943
(917) 662-1576
Source:
Barbieliteam
Added: Oct 28
Changed: Nov 7
Last Checked: Nov 7 at 5:06PM
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 Chase Global Realty Corp
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Investment Insights
Based on property information with market context.
This legal two-family townhouse has a four-level layout and all-brick construction. Built in 2012, it contains three bedrooms, three full bathrooms, and one half bath, along with an attached garage and private backyard. Modern finishes and flexible interior space round out the residential features.
Main Street is about a 15-minute walk away. Q44, Q22A, and Q22B bus service connects the area with Downtown Flushing. Flushing High School and P.S. 214 are nearby, with parks, supermarkets, banks, shops, and dining options also in the surrounding area.
Main Street is about a 15-minute walk away. Q44, Q22A, and Q22B bus service connects the area with Downtown Flushing. Flushing High School and P.S. 214 are nearby, with parks, supermarkets, banks, shops, and dining options also in the surrounding area.
Key Highlights
- Legal two‑family townhouse with a four‑level layout
- Built in 2012 with all‑brick construction
- Three bedrooms, three full bathrooms, and one half bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,987
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$979,740
$979.7K
Cap Rate 7%
$699,814
$699.8K
Cap Rate 9%
$544,300
$544.3K
Market Conditions
NOI Build-Up for 2,004 SF
Gross rent
$92.6K $46.20/SF
− Vacancy
−$3.5K −$1.76/SF
EGI
$89.1K $44.44/SF
− OpEx
−$40.1K −$20.00/SF
NOI
$49.0K $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%
$979,740
Cap Rate 7%
$699,814
Cap Rate 9%
$544,300
Alternative Uses
Best Use
Apartment 5plus
$699.8K
$612.3K – $816.5K
NOI $48,987 @ 7.0% cap · market cap 3.55%
Second Best
Multifamily LT 5
$473.8K
$414.6K – $552.8K
NOI $33,169 @ 7.0% cap · market cap 2.40%
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,416 @ 7.0% cap · market cap 7.49%
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
7,334
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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Cap Rate, Value Estimation, Potential NOI and more
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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 - A two-family configuration includes a private backyard and an attached garage.
Where is this duplex located?
The property is located at 3235 Leavitt Street Flushing, NY.
What is the asking price?
The asking price for this property is $1,380,000.
What are key features of this property?
This property features: Legal two‑family townhouse with a four‑level layout; Built in 2012 with all‑brick construction; Three bedrooms, three full bathrooms, and one half bath
