Residential Income
33-38 159th St, Flushing, NY 11358
For Sale
New
$1,798,888
Central air and natural gas are among the property's listed features.
Property Size2,907 SF
Price / SF$618.81
Days on Market5
Property Features for 33-38 159th St
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Maureen Folan R E Group LLC
Listed By:
Maureen Ramsbottom
(718) 767-8200
Source:
Jaida.mappmyhome
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 6:06AM
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 Maureen Folan R E Group LLC
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Investment Insights
Based on property information with market context.
Built in 1920, this residential property has central air, natural gas, finished interior space, an eat-in kitchen, and a living room. Exterior features include a driveway and garage. The property is located at 33-38 159th Street in Flushing, Queens.
Key Highlights
- Built in 1920
- Central air and natural gas
- Finished interior space with an eat‑in kitchen and living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,060
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,421,200
$1.4M
Cap Rate 7%
$1,015,143
$1.0M
Cap Rate 9%
$789,556
$789.6K
Market Conditions
NOI Build-Up for 2,907 SF
Gross rent
$134.3K $46.20/SF
− Vacancy
−$5.1K −$1.76/SF
EGI
$129.2K $44.44/SF
− OpEx
−$58.1K −$20.00/SF
NOI
$71.1K $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%
$1,421,200
Cap Rate 7%
$1,015,143
Cap Rate 9%
$789,556
Alternative Uses
Best Use
Apartment 5plus
$1.02M
$888.3K – $1.18M
NOI $71,060 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.14M
$1.88M – $2.50M
NOI $150,015 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
735
Businesses Nearby
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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
$967,200
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Flushing, NY
Properties on Market for Residential income properties in Flushing
Frequently Asked Questions
What type of property is this?
Residential income property - Central air and natural gas are among the property's listed features.
Where is this residential income property located?
The property is located at 33-38 159th St Flushing, NY.
What is the asking price?
The asking price for this property is $1,798,888.
What are key features of this property?
This property features: Built in 1920; Central air and natural gas; Finished interior space with an eat‑in kitchen and living room
