Renovated Brick
For Sale
$1,398,000
36-20 190 Street, Flushing, NY 11358
Two separate gas-fired boiler and hot-water systems serve the building’s residential units.
Property Size2,700 SF
Price / SF$517.78
Days on Market24
Property Features for 36-20 190 Street
General Information
Standard status
Active
Size
2,700 SF
Property subtype
Multi-Unit (2-4)
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units
2
Additional Details
Asking Price
$1,398,000
Public Transit
Yes
Amenities
split AC units
wood burning fireplace
bathrooms with heated floors
washer/dryer
laundry area
wrought iron handrails
custom-made wardrobes
Building Details
Year Built
1932
Buildings
1
Construction
brick
Listing Agency:
Davis Realty and Auction
(256) 442-9995
Listed By:
Christopher Davis · License #112829
(256) 390-7773
Source:
Davisrealtyandauction
Added: Oct 9
Changed: Oct 31
Last Checked: Oct 31 at 2:24PM
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 Davis Realty and Auction
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Investment Insights
Based on property information with market context.
This 1932 brick duplex has a renovated interior arranged as two residential units. The first floor contains two bedrooms, one bathroom, a kitchen, and a living and dining area. A second unit spans the upper two floors and includes three bedrooms, two bathrooms, an eat-in kitchen, living and dining areas, an attic bonus room, washer and dryer, and a wood-burning fireplace. The basement offers open space, a full bathroom, laundry area, boiler room, and an exterior entrance.
Interior features include split air-conditioning units in all rooms, heated bathroom floors, custom tall wardrobes and cabinets, and a living room with a 17-foot ceiling and 10-foot-high window. The property is a three-minute walk from the LIRR station and several MTA bus stops.
Interior features include split air-conditioning units in all rooms, heated bathroom floors, custom tall wardrobes and cabinets, and a living room with a 17-foot ceiling and 10-foot-high window. The property is a three-minute walk from the LIRR station and several MTA bus stops.
Key Highlights
- Renovated two‑family brick property built in 1932
- First‑floor unit has 2 bedrooms and 1 bathroom; upper duplex has 3 bedrooms and 2 bathrooms
- Upper unit includes an attic bonus room, washer and dryer, and wood‑burning fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,000
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,320,000
$1.3M
Cap Rate 7%
$942,857
$942.9K
Cap Rate 9%
$733,333
$733.3K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$124.7K $46.20/SF
− Vacancy
−$4.7K −$1.76/SF
EGI
$120.0K $44.44/SF
− OpEx
−$54.0K −$20.00/SF
NOI
$66.0K $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%
$1,320,000
Cap Rate 7%
$942,857
Cap Rate 9%
$733,333
Alternative Uses
Best Use
Apartment 5plus
$942.9K
$825.0K – $1.10M
NOI $66,000 @ 7.0% cap · market cap 4.72%
Second Best
Multifamily LT 5
$638.4K
$558.6K – $744.8K
NOI $44,689 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,333 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,683
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate gas-fired boiler and hot-water systems serve the building’s residential units.
Where is this duplex located?
The property is located at 36-20 190 Street Flushing, NY.
What is the asking price?
The asking price for this property is $1,398,000.
What are key features of this property?
This property features: Renovated two‑family brick property built in 1932; First‑floor unit has 2 bedrooms and 1 bathroom; upper duplex has 3 bedrooms and 2 bathrooms; Upper unit includes an attic bonus room, washer and dryer, and wood‑burning fireplace
