Two-Family Duplex with Detached
33-08 Francis Lewis Boulevard, Flushing, NY 11358
For Sale
New
$1,750,500
Two residential units each offer two bedrooms, a bonus room, a living room, and a full bathroom.
Property Size2,961 SF
Price / SF$591.19
Days on Market3
Property Features for 33-08 Francis Lewis Boulevard
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
First Floor Bedroom
First Floor Full Bath
Building Details
Building Size
Year Built
Units
Listing Agency:
Eazzy Global Realty
Listed By:
Feng Zhan
(718) 565-1234
Source:
Georgemcknight
Added: Nov 9
Changed: Nov 10
Last Checked: Nov 10 at 2:37PM
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 Eazzy Global Realty
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Investment Insights
Based on property information with market context.
This legal two-family duplex in Flushing was built in 1970. Each floor has two bedrooms, a bonus room, a living room, and a full bathroom. A full basement with separate access adds space, while a private driveway and detached two-car garage provide off-street parking. The property is in the R5B zoning district.
Schools, shopping, restaurants, parks, major highways, public transportation, and the LIRR are identified among the nearby amenities and connections.
Schools, shopping, restaurants, parks, major highways, public transportation, and the LIRR are identified among the nearby amenities and connections.
Key Highlights
- Legal two‑family property in the R5B zoning district
- Two bedrooms, a bonus room, living room, and full bathroom on each floor
- Full basement with separate access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,169
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,463,380
$1.5M
Cap Rate 7%
$1,045,271
$1.0M
Cap Rate 9%
$812,989
$813.0K
Market Conditions
NOI Build-Up for 2,961 SF
Gross rent
$113.7K $38.40/SF
− Vacancy
−$9.2K −$3.10/SF
EGI
$104.5K $35.30/SF
− OpEx
−$31.4K −$10.59/SF
NOI
$73.2K $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%
$1,463,380
Cap Rate 7%
$1,045,271
Cap Rate 9%
$812,989
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$914.6K – $1.22M
NOI $73,169 @ 7.0% cap · market cap 4.18%
Second Best
Apartment 5plus
$1.03M
$904.8K – $1.21M
NOI $72,380 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$2.18M
$1.91M – $2.55M
NOI $152,802 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,528
Businesses Nearby
Explore this area
Business Placement
Demographics for 11358, NY
40,435
Population
13,806
Households
2.9
Avg Household Size
43
Median Age
37%
College-Educated
84%
High-School Grad
2.0 sq mi
ZIP Area
20,218
Density / Sq Mi
$88,729
Median Household Income
$46,875
Median Earnings
$2,086
Median Rent
$967,200
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 - Two residential units each offer two bedrooms, a bonus room, a living room, and a full bathroom.
Where is this duplex located?
The property is located at 33-08 Francis Lewis Boulevard Flushing, NY.
What is the asking price?
The asking price for this property is $1,750,500.
What are key features of this property?
This property features: Legal two‑family property in the R5B zoning district; Two bedrooms, a bonus room, living room, and full bathroom on each floor; Full basement with separate access
