Two-Family Home with New
For Sale
$1,125,000
3350 155th Street, Flushing, NY 11354
The detached residence has a shared driveway and an interior cleared after contractor demolition.
Property Size1,312 SF
Price / SF$857.47
Days on Market48
Property Features for 3350 155th Street
General Information
Standard status
Active
Size
1,312 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,842
Amenities
Open Floorplan
Building Details
Building Size
1,312 SF
Year Built
1940
Units
2
Listed By:
Gail Leone
(914) 723-8228
Source:
Clairedleone
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 26 at 3:42AM
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 Gail Leone
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Investment Insights
Based on property information with market context.
This 1,312-square-foot duplex was built in 1940 and is configured as a two-family home. Exterior work includes new siding and replacement windows. The interior has undergone contractor demolition and has been broom-swept. The detached building shares a driveway.
Key Highlights
- Two‑family residence
- 1,312 square feet; built in 1940
- New siding and windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,071
Cap Rate
2.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,420
$641.4K
Cap Rate 7%
$458,157
$458.2K
Cap Rate 9%
$356,344
$356.3K
Market Conditions
NOI Build-Up for 1,312 SF
Gross rent
$60.6K $46.20/SF
− Vacancy
−$2.3K −$1.76/SF
EGI
$58.3K $44.44/SF
− OpEx
−$26.2K −$20.00/SF
NOI
$32.1K $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%
$641,420
Cap Rate 7%
$458,157
Cap Rate 9%
$356,344
Alternative Uses
Best Use
Apartment 5plus
$458.2K
$400.9K – $534.5K
NOI $32,071 @ 7.0% cap · market cap 2.85%
Second Best
Multifamily LT 5
$310.2K
$271.5K – $361.9K
NOI $21,716 @ 7.0% cap · market cap 1.93%
Theoretical Best
Office A
$967.2K
$846.3K – $1.13M
NOI $67,705 @ 7.0% cap · market cap 6.02%
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
2,589
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The detached residence has a shared driveway and an interior cleared after contractor demolition.
Where is this duplex located?
The property is located at 3350 155th Street Flushing, NY.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: Two‑family residence; 1,312 square feet; built in 1940; New siding and windows
