Two-Family Duplex with Private
New
For Sale
$1,788,000
36-31 166th Street, Flushing, NY 11358
Both residences are vacant, with three bedrooms and one-and-a-half baths apiece.
Property Size3,280 SF
Lot Size0.06 Acres
Price / SF$545.12
Days on Market2
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Property Features for 36-31 166th Street
General Information
Standard status
Active
Size
3,280 SF
Lot size
0.06 Acres
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,232
Amenities
hardwood floors
ample closet space
private yard
one-car garage
private driveway
Building Details
Building Size
3,280 SF
Year Built
1975
Buildings
1
Stories
3
Construction
brick
Listing Agency:
Keller Williams Rlty Landmark
Listed By:
Ross A. Keit CBR SRES SFR GREEN CR · License #10301204858
(718) 490-4885
Source:
Barbieliteam
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:46AM
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 Keller Williams Rlty Landmark
Investment Insights
Based on property information with market context.
Built in 1975, this semi-detached brick duplex contains two apartments, each arranged with three bedrooms and one-and-a-half baths. The property spans three floors and includes a finished basement; its walk-in level also has three additional rooms. Hardwood flooring and closet storage are present throughout. A private yard, driveway, and one-car garage are additional features.
The property is in Flushing, near the Broadway LIRR Station, public transportation, and shopping. The lot measures 28 by 94.5 feet, and the building measures 22.75 by 58 feet, totaling 3,280 square feet. Both apartments are vacant and ready for occupancy.
The property is in Flushing, near the Broadway LIRR Station, public transportation, and shopping. The lot measures 28 by 94.5 feet, and the building measures 22.75 by 58 feet, totaling 3,280 square feet. Both apartments are vacant and ready for occupancy.
Key Highlights
- Two apartments, each with 3 bedrooms and 1.5 baths
- Built in 1975; semi‑detached brick construction
- Three floors, finished basement, and three additional rooms at the walk‑in level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,178
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,603,560
$1.6M
Cap Rate 7%
$1,145,400
$1.1M
Cap Rate 9%
$890,867
$890.9K
Market Conditions
NOI Build-Up for 3,280 SF
Gross rent
$151.5K $46.20/SF
− Vacancy
−$5.8K −$1.76/SF
EGI
$145.8K $44.44/SF
− OpEx
−$65.6K −$20.00/SF
NOI
$80.2K $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%
$1,603,560
Cap Rate 7%
$1,145,400
Cap Rate 9%
$890,867
Alternative Uses
Best Use
Apartment 5plus
$1.15M
$1.00M – $1.34M
NOI $80,178 @ 7.0% cap · market cap 4.48%
Second Best
Multifamily LT 5
$775.6K
$678.6K – $904.8K
NOI $54,289 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$2.42M
$2.12M – $2.82M
NOI $169,264 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
401
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are vacant, with three bedrooms and one-and-a-half baths apiece.
Where is this duplex located?
The property is located at 36-31 166th Street Flushing, NY.
What is the asking price?
The asking price for this property is $1,788,000.
What are key features of this property?
This property features: Two apartments, each with 3 bedrooms and 1.5 baths; Built in 1975; semi‑detached brick construction; Three floors, finished basement, and three additional rooms at the walk‑in level
