Multi-Unit Residential
40-45 193rd Street, Flushing, NY 11358
For Sale
$1,938,000
Pending
A Queens property with multiple units, private driveway parking, and a garage.
Property Size2,864 SF
Days on Market15
Property Features for 40-45 193rd Street
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
Multi Units, Wall/Window Unit(s)
Natural Gas
Finished, Walk-Out Access
Driveway, Garage, Private
Contemporary
Building Details
Building Size
Year Built
Listing Agency:
Skylux Realty Inc
Listed By:
Fei Guo · License NY #10401366341
(516) 587-9113
Source:
Evrealestate
Added: Oct 26
Changed: Nov 5
Last Checked: Nov 8 at 5:55AM
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 Skylux Realty Inc
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Investment Insights
Based on property information with market context.
Built in 1960, this multi-unit residential property in Flushing includes finished space with walk-out access. Interior features include natural gas and wall or window air-conditioning units. The exterior has a private driveway and garage.
The property is located at 40-45 193rd Street in Queens, New York.
The property is located at 40-45 193rd Street in Queens, New York.
Key Highlights
- Multiple residential units
- Finished space with walk‑out access
- Natural gas service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,009
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,400,180
$1.4M
Cap Rate 7%
$1,000,129
$1.0M
Cap Rate 9%
$777,878
$777.9K
Market Conditions
NOI Build-Up for 2,864 SF
Gross rent
$132.3K $46.20/SF
− Vacancy
−$5.0K −$1.76/SF
EGI
$127.3K $44.44/SF
− OpEx
−$57.3K −$20.00/SF
NOI
$70.0K $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%
$1,400,180
Cap Rate 7%
$1,000,129
Cap Rate 9%
$777,878
Alternative Uses
Best Use
Apartment 5plus
$1.00M
$875.1K – $1.17M
NOI $70,009 @ 7.0% cap · market cap 3.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.11M
$1.85M – $2.46M
NOI $147,796 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,909
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
$967,200
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Flushing, NY
Properties on Market for Residential income properties in Flushing
Frequently Asked Questions
What type of property is this?
Residential income property - A Queens property with multiple units, private driveway parking, and a garage.
Where is this residential income property located?
The property is located at 40-45 193rd Street Flushing, NY.
What is the asking price?
The asking price for this property is $1,938,000.
What are key features of this property?
This property features: Multiple residential units; Finished space with walk‑out access; Natural gas service
