Three-Story Brick Multifamily
36-20 171st St, Flushing, NY 11358
For Sale
$1,759,980
R5B-zoned building with a basement and a short walk to Auburndale Station.
Property Size2,970 SF
Price / SF$592.59
Days on Market21
Property Features for 36-20 171st St
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Public Transit
Building Details
Year Built
Stories
Construction
Listing Agency:
Eazzy Global Realty
Listed By:
Feng Zhan
(718) 565-1234
Source:
Searchhomesinlongisland
Added: Oct 20
Changed: Nov 8
Last Checked: Nov 8 at 6:50AM
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 Eazzy Global Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This brick multifamily property at 36-20 171st St in Flushing has three floors and a basement. The building was constructed in 1965 and is zoned R5B.
Auburndale Station on the Long Island Rail Road is a two-minute walk from the property.
Auburndale Station on the Long Island Rail Road is a two-minute walk from the property.
Key Highlights
- Three floors plus a basement
- Brick construction; built in 1965
- R5B zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,600
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,452,000
$1.5M
Cap Rate 7%
$1,037,143
$1.0M
Cap Rate 9%
$806,667
$806.7K
Market Conditions
NOI Build-Up for 2,970 SF
Gross rent
$137.2K $46.20/SF
− Vacancy
−$5.2K −$1.76/SF
EGI
$132.0K $44.44/SF
− OpEx
−$59.4K −$20.00/SF
NOI
$72.6K $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%
$1,452,000
Cap Rate 7%
$1,037,143
Cap Rate 9%
$806,667
Alternative Uses
Best Use
Apartment 5plus
$1.04M
$907.5K – $1.21M
NOI $72,600 @ 7.0% cap · market cap 4.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.19M
$1.92M – $2.55M
NOI $153,266 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,588
Businesses Nearby
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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
$967,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Multifamily properties in Flushing, NY
Properties on Market for Multifamily properties in Flushing
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - R5B-zoned building with a basement and a short walk to Auburndale Station.
Where is this multifamily property located?
The property is located at 36-20 171st St Flushing, NY.
What is the asking price?
The asking price for this property is $1,759,980.
What are key features of this property?
This property features: Three floors plus a basement; Brick construction; built in 1965; R5B zoning
