Brick Duplex With Attached
For Sale
$1,499,000
36-11 Utopia Parkway, Flushing, NY 11358
Brick duplex with multiple apartment layouts, an attached garage, private driveways, and month-to-month occupancy.
Property Size4,662 SF
Lot Size0.12 Acres
Price / SF$321.54
Days on Market130
Property Features for 36-11 Utopia Parkway
General Information
Standard status
Active
Size
4,662 SF
Lot size
0.12 Acres
Property subtype
Multi-family
Occupancy
100%
Units
Unit Mix
2 x 3BR/2BA, 2 x 1BR/1BA
Multifamily Units
4
Additional Details
Public Transit
Yes
Building Details
Year Built
1975
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
Rob Brooks Realty
Listed By:
Dawn M Gladem Slama
(850) 678-5161
Source:
Cthomeseekers
Added: Mar 28
Changed: Aug 4
Last Checked: Aug 4 at 3:14AM
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 Rob Brooks Realty
Investment Insights
Based on property information with market context.
This detached brick duplex was constructed in 1975 and contains approximately 4,662 square feet on an irregular 5,153-square-foot lot. The property is identified as a legal 2-family home but is currently used and taxed as a 4-family property. Apartment layouts include two three-bedroom, two-bath residences with living and dining rooms, kitchens, and private balconies, plus two one-bedroom apartments with living areas and kitchens. An attached one-car garage and two extended private driveways provide on-site parking.
The property is fully occupied with tenants on month-to-month arrangements. Its Flushing setting places it a short distance from Auburndale LIRR Station, Northern Boulevard, and Francis Lewis Boulevard, along with shopping, restaurants, transportation, and neighborhood services. The building dimensions are approximately 74 by 21 feet, while the lot measures approximately 85 by 44 IRR.
The property is fully occupied with tenants on month-to-month arrangements. Its Flushing setting places it a short distance from Auburndale LIRR Station, Northern Boulevard, and Francis Lewis Boulevard, along with shopping, restaurants, transportation, and neighborhood services. The building dimensions are approximately 74 by 21 feet, while the lot measures approximately 85 by 44 IRR.
Key Highlights
- Approximately 4,662 sq. ft. building on a 5,153 sq. ft. irregular lot
- Legal 2‑family property currently used and taxed as a 4‑family property
- Two 3‑bedroom, 2‑bath apartment layouts with private balconies
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| 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
NOI $113,960 @ 7.0% cap · market cap 7.60%
Second Best
Multifamily LT 5
$1.10M
$964.6K – $1.29M
NOI $77,164 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$3.44M
$3.01M – $4.01M
NOI $240,582 @ 7.0% cap · market cap 16.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
300
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Brick duplex with multiple apartment layouts, an attached garage, private driveways, and month-to-month occupancy.
Where is this duplex 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: Approximately 4,662 sq. ft. building on a 5,153 sq. ft. irregular lot; Legal 2‑family property currently used and taxed as a 4‑family property; Two 3‑bedroom, 2‑bath apartment layouts with private balconies
