Duplex with Finished
New
For Sale
$1,788,000
36-31 166th Street, Flushing, NY 11358
Residential Income, Flushing, NY
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
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 3, Basement, Bedroom 5, Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 4, Bedroom 6
Parking features
Garage, Off Street
Interior features
First Floor Bedroom, First Floor Full Bath, Open Kitchen, Primary Bathroom
Fencing
Chain Link
Basement
Finished, Full
Elementary school
Ps 32 State Street
Middle school
Is 25 Adrien Block
High school
World Journalism Preparatory
Elementary school district
Queens 25
Middle school district
Queens 25
High school district
Queens 25
Directions
WAZE
Standard status
Active
APN
05293-0005
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8232
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
hardwood floors
private yard
Building Details
Year built
1975
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Architectural style
Colonial
Listing Agency:
Keller Williams Rlty Landmark · Keller Williams Realty
(718) 475-2700
Listed By:
Ross A. Keit CBR SRES SFR GREEN CR · License #10301204858
(718) 490-4885
Added: Oct 14
Last Checked: Oct 15 at 6:06PM
MLS# 1059616
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1975 brick duplex contains 3,280 square feet across three floors and a finished basement. Each of the two apartments has three bedrooms and 1.5 bathrooms; the walk-in level adds three rooms. Hardwood flooring runs throughout, and the property also includes a private yard, one-car garage, and private driveway. The 28-by-94.5-foot lot provides the setting for the semi-detached building.
The property is near Broadway LIRR Station, public transportation, and shopping. Both apartments are vacant and available for occupancy.
The property is near Broadway LIRR Station, public transportation, and shopping. Both apartments are vacant and available for occupancy.
Key Highlights
- Two apartments, each with 3 bedrooms and 1.5 bathrooms
- 3,280‑square‑foot building on a 28‑by‑94.5‑foot lot
- Three floors plus a finished basement; walk‑in level includes three additional rooms
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
2,559
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two vacant apartments and a separate walk-in level offer flexible residential space in Flushing.
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 bathrooms; 3,280‑square‑foot building on a 28‑by‑94.5‑foot lot; Three floors plus a finished basement; walk‑in level includes three additional rooms
