Six-Unit Apartment
For Sale
$3,530,000
35-09 Leavitt Street, Flushing, NY 11354
Built in 2018, the property has a renovated basement and a six-unit residential layout.
Property Size6,114 SF
Price / SF$577.36
Days on Market172
Property Features for 35-09 Leavitt Street
General Information
Standard status
Active
Size
6,114 SF
Property subtype
Commercial
Zoning
R6
Units
Unit Mix
4 x 2BR/2BA, 2 x 2BR/1BA
Multifamily Units
6
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,217
Building Details
Building Size
6,114 SF
Year Built
2018
Buildings
6
Stories
5
Units
6
Listing Agency:
Winzone Realty Inc
(718) 899-7000
Listed By:
Ya Xin Zheng
(646) 515-6086
Source:
Croninreale
Added: May 5
Changed: Oct 23
Last Checked: Oct 23 at 3:19PM
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 Winzone Realty Inc
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Investment Insights
Based on property information with market context.
Completed in 2018, this R6-zoned apartment property contains six dwellings across five above-ground floors, plus a renovated basement. Four apartments have two bedrooms and two bathrooms; the other two have two bedrooms and one bathroom. The building is not subject to rent control.
At 35-09 Leavitt Street in Flushing, the property is within minutes of Main Street and the #7 subway. Schools, shopping centers, restaurants, and supermarkets are also identified among the nearby amenities.
At 35-09 Leavitt Street in Flushing, the property is within minutes of Main Street and the #7 subway. Schools, shopping centers, restaurants, and supermarkets are also identified among the nearby amenities.
Key Highlights
- Six apartments: four with 2 bedrooms and 2 bathrooms, and two with 2 bedrooms and 1 bathroom
- Five floors above ground and a renovated basement
- Built in 2018; zoned R6
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$149,453
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,989,060
$3.0M
Cap Rate 7%
$2,135,043
$2.1M
Cap Rate 9%
$1,660,589
$1.7M
Market Conditions
NOI Build-Up for 6,114 SF
Gross rent
$282.5K $46.20/SF
− Vacancy
−$10.7K −$1.76/SF
EGI
$271.7K $44.44/SF
− OpEx
−$122.3K −$20.00/SF
NOI
$149.5K $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%
$2,989,060
Cap Rate 7%
$2,135,043
Cap Rate 9%
$1,660,589
Alternative Uses
Best Use
Apartment 5plus
$2.14M
$1.87M – $2.49M
NOI $149,453 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.51M
$3.94M – $5.26M
NOI $315,512 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
7,334
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?
Apartment building - Built in 2018, the property has a renovated basement and a six-unit residential layout.
Where is this apartment building located?
The property is located at 35-09 Leavitt Street Flushing, NY.
What is the asking price?
The asking price for this property is $3,530,000.
What are key features of this property?
This property features: Six apartments: four with 2 bedrooms and 2 bathrooms, and two with 2 bedrooms and 1 bathroom; Five floors above ground and a renovated basement; Built in 2018; zoned R6
