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Income-Producing Multifamily Property in Flushing

36-11 Utopia Parkway Flushing, NY 11358

For Sale

$1,499,000

MULTI_FAMILY - Flushing, NY

Property size:

4,662 SF

Lot size:

0.09 Acres

Price / SF:

$321/SF

For Sale

$1,499,000

MULTI_FAMILY - Flushing, NY

Property size:

4,662 SF

Lot size:

0.09 Acres

Price / SF:

$321/SF

Added:: May 15, 2026
Days on Market:: 59
Last Refresh:: Jul 12 at 2:06 pm

Property Features for 36-11 Utopia Parkway

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 8
Bathrooms: 6
Rooms: Basement, Bedroom 1, Bathroom 6, Bedroom 8, Bathroom 5, Bedroom 2, Bedroom 5, Bathroom 1, Bathroom 3, Bedroom 7, Bedroom 6, Bathroom 2, Bedroom 4, Bathroom 4, Bedroom 3
Parking features: Driveway, On Street
Basement: Full, Finished
Standard status: Active
APN: 05307-0020
Size: 4,662 SF
Lot size: 0.09 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Annual Amount: 27485

Utilities

Sewer type: Public Sewer
Heating system: Hot Water(Heating), Natural Gas
Cooling system: Window Unit(s), Wall/Window Unit(s)
Water source: Public

Building Details

Year built: 1975
Number of units: 4
Building materials: Brick

Listing agent James Y. Chung License #10301214776

Listing office Douglas Elliman Real Estate 1700 Lakeville Rd, Huntington Station, NY

Listing date May 15, 2026

MLS# 1000582 Listing URL

Investment Insights

Based on property information with market context.

Located in Flushing, NY, 36-11 Utopia Parkway is a detached brick building, legally a 2-family home, but currently used and taxed as a 4-family property. Constructed in 1975, this income-producing property provides approximately 4,662 sq. ft. of building space on a 5,153 sq. ft. irregular lot, measuring approximately 85 x 44 IRR. The building itself measures approximately 74 x 21. The second and third floor apartments each feature 3 bedrooms, 2 full bathrooms, a living room, dining room, kitchen, and a private balcony. The first floor apartment includes 1 bedroom, 1 full bathroom, a living room, dining room, and kitchen. The lower level apartment offers 1 bedroom, 1 bathroom, a living room, and a kitchen/dinette area. Additional features include a 1-car attached garage and two long private driveways. The property is fully rented with no leases, and all tenants are currently month-to-month. The property is located a short distance to Auburndale LIRR Station, Northern Boulevard, and Francis Lewis Boulevard, providing easy access to shopping, dining, transportation, and neighborhood amenities. This solid brick property offers strong potential.

Key Highlights

Detached brick 2‑family home currently taxed and used as a 4‑family property, built in 1975
Approximately 4,662 SF building on a 5,153 SF irregular lot (approx. 85 x 44 IRR)
Second- and third‑floor apartments: each has 3 bedrooms, 2 full baths, living room, dining room, kitchen, and a private balcony

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$215.4k	$46.20
− Vacancy	−$8.2k	−$1.76
EGI	$207.2k	$44.44
− OpEx	−$93.2k	−$20.00
NOI	$114.0k	$24.44

4,662 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$1.63M

$1.42M – $1.90M (±1% cap)

NOI $113,960 @ 7.0% cap · market cap 7.60%

Second Best

Multifamily LT 5

$1.10M

$964.6K – $1.29M (±1% cap)

NOI $77,164 @ 7.0% cap · market cap 5.15%

Theoretical Best

Office A

$3.44M

$3.01M – $4.01M (±1% cap)

NOI $240,582 @ 7.0% cap · market cap 16.05%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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For sale
Quadplexes
NY
Flushing
11358
36-11 Utopia Parkway

What type of property is this?

Quadplex - Detached, well-kept 4-family property near transportation and amenities.

Where is this quadplex located?

The property is located at 36-11 Utopia Parkway Flushing, NY.

What is the asking price?

The asking price for this property is $1,499,000.

What are key features of this property?

This property features: Detached brick 2‑family home currently taxed and used as a 4‑family property, built in 1975; Approximately 4,662 SF building on a 5,153 SF irregular lot (approx. 85 x 44 IRR); Second- and third‑floor apartments: each has 3 bedrooms, 2 full baths, living room, dining room, kitchen, and a private balcony

36-11 Utopia Parkway Flushing, NY 11358

MULTI_FAMILY - Flushing, NY

Property Features for 36-11 Utopia Parkway

General Information

Taxes and HOA fees

Utilities

Building Details

Investment Insights

Key Highlights

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

Alternative Uses

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Flushing Union Center Commercial Space

Flushing Retail and Office Building

Union Center: Class A Commercial

Flushing Union Center Commercial Space

Union Center: Class A Commercial

Flushing Union Center Commercial Space

New Class A Commercial Development

Flushing Commercial Condominium For Sale

Union Center: Class A Commercial

Ground-Floor Community Facility Unit

Union Center Commercial Space

Office Condominium Suite on 9th Floor

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