Flushing Three-Family Investment
For Sale
$1,999,000
3343 Union Street, Flushing, NY 11354
MULTI_FAMILY - Flushing, NY
Property Size4,220 SF
Lot Size0.03 Acres
Price / SF$473.70
Days on Market101
Property Features for 3343 Union Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6
Bedrooms
11
Bathrooms
7
Full bathrooms
6
Rooms
Bathroom 4, Bedroom 7, Bedroom 4, Bedroom 5, Bedroom 10, Bathroom 2, Bedroom 8, Bedroom 11, Bathroom 5, Bathroom 6, Bathroom 7, Bedroom 2, Bathroom 3, Bedroom 6, Bathroom 1, Bedroom 1, Bedroom 9, Bedroom 3
Parking features
Garage
Interior features
Refrigerator, Stove
Basement
Finished, Full
Subdivision
Flushing
Standard status
Active
Size
4,220 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
16332
Building Details
Year built
2003
Floors in Building
4
Number of units
3
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Flat
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Siu Wai (Cherie)Wong
(917) 708-9966
Added: Apr 21
Changed: Jul 12
Last Checked: Jul 30 at 4:06PM
MLS# 500721
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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 three-family property is located in Flushing, New York. Each unit features 3 bedrooms, 2 full bathrooms, and a balcony. The property is suitable for investors or owner-occupants and offers good income potential. It is located close to Main Street, transportation options, and other amenities. The property size is 4,220 square feet, situated on a lot of approximately 0.0298 acres. The zoning is R6.
Key Highlights
- 3‑family property in Flushing; each unit has 3 bedrooms, 2 full bathrooms, and a balcony
- Built in 2003 with brick construction
- Flat roof
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $195.0k | $46.20 |
| − Vacancy | −$7.4k | −$1.76 |
| EGI | $187.6k | $44.44 |
| − OpEx | −$84.4k | −$20.00 |
| NOI | $103.2k | $24.44 |
4,220 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.47M
$1.29M – $1.72M
NOI $103,155 @ 7.0% cap · market cap 5.16%
Second Best
Multifamily LT 5
$997.8K
$873.1K – $1.16M
NOI $69,848 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$3.11M
$2.72M – $3.63M
NOI $217,772 @ 7.0% cap · market cap 10.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
9,232
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three-family property in Flushing with income potential.
Where is this triplex located?
The property is located at 3343 Union Street Flushing, NY.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: 3‑family property in Flushing; each unit has 3 bedrooms, 2 full bathrooms, and a balcony; Built in 2003 with brick construction; Flat roof
