Brick Triplex with
For Sale
$1,999,000
3343 Union Street, Flushing, NY 11354
Residential, Flushing, NY
Property Size4,220 SF
Lot Size0.03 Acres
Price / SF$473.70
Days on Market194
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 2, Bathroom 1, Bedroom 11, Bedroom 4, Bedroom 6, Bedroom 2, Bedroom 7, Bedroom 10, Bathroom 5, Bathroom 6, Bedroom 8, Bedroom 1, Bathroom 4, Bedroom 9, Bedroom 3, Bathroom 7, Bathroom 3, Bedroom 5
Parking features
Garage
Interior features
Refrigerator, Stove
Basement
Full, Finished
Subdivision
Flushing
Standard status
Active
Size
4,220 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
16332
Amenities
balcony
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
Listed By:
Siu Wai (Cherie)Wong
(917) 708-9966
Added: Apr 21
Changed: Oct 30
Last Checked: Oct 31 at 2:06AM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,220-square-foot brick triplex was built in 2003 and includes three residential units, each with a balcony. Interior finishes include hardwood and tile flooring, while refrigerators and stoves are provided. The property also features a flat roof and garage parking on a 0.0298-acre lot.
Located in Flushing, the property is near Main Street, transportation, and major amenities. R6 zoning supports its multifamily classification. The three-family configuration and existing residential improvements provide a clearly defined income-property format.
Located in Flushing, the property is near Main Street, transportation, and major amenities. R6 zoning supports its multifamily classification. The three-family configuration and existing residential improvements provide a clearly defined income-property format.
Key Highlights
- 4,220‑square‑foot brick triplex
- Three residential units, each with a balcony
- Built in 2003 on a 0.0298‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,155
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,063,100
$2.1M
Cap Rate 7%
$1,473,643
$1.5M
Cap Rate 9%
$1,146,167
$1.1M
Market Conditions
NOI Build-Up for 4,220 SF
Gross rent
$195.0K $46.20/SF
− Vacancy
−$7.4K −$1.76/SF
EGI
$187.6K $44.44/SF
− OpEx
−$84.4K −$20.00/SF
NOI
$103.2K $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%
$2,063,100
Cap Rate 7%
$1,473,643
Cap Rate 9%
$1,146,167
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
7,334
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three-family property with balcony access, garage parking, and kitchen appliances in Flushing.
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: 4,220‑square‑foot brick triplex; Three residential units, each with a balcony; Built in 2003 on a 0.0298‑acre lot
