Attached Triplex
For Sale
$1,780,000
Pending
35-78/82 161st Street, Flushing, NY 11358
Three separate utility meters for gas and electricity serve the homes, which are scheduled for vacant delivery.
Property Size3,000 SF
Lot Size0.27 Acres
Days on Market10
Property Features for 35-78/82 161st Street
General Information
Standard status
Pending
Size
3,000 SF
Total Parking Spaces
6
Lot size
0.27 Acres
Property subtype
Residential Income
Zoning
R1-2A, R5B, C1-2
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
3
Individually Metered Utilities
electricity, gas
Additional Details
Utilities to Site
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$11,820
Amenities
Finished,Full
3
Yes
6
First Floor Bedroom,First Floor Full Bath
1
Finished, Full
Public
No
Driveway
3000
Building Details
Building Size
3,000 SF
Year Built
1920
Listing Agency:
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 20
Changed: Oct 28
Last Checked: Oct 28 at 4:10PM
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 Geralda Desir
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.
The attached property comprises two homes arranged as three residences. The one-bedroom, one-bath unit has a basement. In the second home, the first-floor residence offers two bedrooms, one bathroom, and a basement; the upper residence has three bedrooms, one bathroom, and a finished attic. The buildings date to 1920.
The combined lot area for both addresses is 11,790 square feet. Zoning designations are R1-2A, R5B, and C1-2. A driveway accommodates up to six cars. The property has three separate electric meters and three separate gas meters, and the existing occupants have no leases; delivery is planned with the property vacant.
The combined lot area for both addresses is 11,790 square feet. Zoning designations are R1-2A, R5B, and C1-2. A driveway accommodates up to six cars. The property has three separate electric meters and three separate gas meters, and the existing occupants have no leases; delivery is planned with the property vacant.
Key Highlights
- Three residences across two attached homes
- Combined lot area of 11,790 square feet
- Zoning: R1‑2A, R5B, and C1‑2
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,333
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,466,660
$1.5M
Cap Rate 7%
$1,047,614
$1.0M
Cap Rate 9%
$814,811
$814.8K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$138.6K $46.20/SF
− Vacancy
−$5.3K −$1.76/SF
EGI
$133.3K $44.44/SF
− OpEx
−$60.0K −$20.00/SF
NOI
$73.3K $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%
$1,466,660
Cap Rate 7%
$1,047,614
Cap Rate 9%
$814,811
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$916.7K – $1.22M
NOI $73,333 @ 7.0% cap · market cap 4.12%
Second Best
Multifamily LT 5
$709.4K
$620.7K – $827.6K
NOI $49,655 @ 7.0% cap · market cap 2.79%
Theoretical Best
Office A
$2.21M
$1.94M – $2.58M
NOI $154,814 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
735
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate utility meters for gas and electricity serve the homes, which are scheduled for vacant delivery.
Where is this triplex located?
The property is located at 35-78/82 161st Street Flushing, NY.
What is the asking price?
The asking price for this property is $1,780,000.
What are key features of this property?
This property features: Three residences across two attached homes; Combined lot area of 11,790 square feet; Zoning: R1‑2A, R5B, and C1‑2
