Detached Two-Family
New
For Sale
$1,938,000
40-45 193rd Street, Flushing, NY 11358
Residential Income, Flushing, NY
Property Size2,900 SF
Lot Size0.11 Acres
Price / SF$668.28
Days on Market2
Property Features for 40-45 193rd Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 1, Bedroom 5, Bathroom 1, Basement, Bedroom 3, Bathroom 2, Bedroom 6, Bathroom 4, Bedroom 4, Bedroom 2
Parking
3
Parking features
Garage
Patio and Porch features
Patio
Interior features
First Floor Bedroom
Fireplace
1
Basement
Finished
Elementary school
Ps 31 Bayside
Middle school
Ms 158 Marie Curie
High school
Francis Lewis High School
Elementary school district
Queens 26
Middle school district
Queens 26
High school district
Queens 26
Standard status
Active
APN
05358-0001
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
13220
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
finished basement
recreation space
backyard
garage
private driveway
Building Details
Year built
1960
Number of units
2
Flooring type
Hardwood
Building materials
Brick, Stucco
Architectural style
Contemporary
Listing Agency:
Skylux Realty Inc
(718) 500-2231
Listed By:
Fei Guo · License #10401366341
(516) 587-9113
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 6 at 4:06AM
MLS# 1059075
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 detached brick-and-stucco residence contains two legal units and approximately 2,900 SF of interior space. The larger unit spans two levels, with living and dining rooms, a kitchen, bedrooms, and full bathrooms. The second unit has a bedroom, bath, living and dining rooms, a kitchen, and access to the backyard. A finished basement includes recreation space, a bathroom, and a separate entrance. The property also has two boilers, hardwood flooring, a patio, a garage, and a private driveway. Its corner lot measures 50 by 100 feet, or approximately 0.1148 acres, and the home was built in 1960. Zoning is R3X.
The property is about half a block from the LIRR and one block from Northern Boulevard. Shopping, dining, and transportation are also nearby.
The property is about half a block from the LIRR and one block from Northern Boulevard. Shopping, dining, and transportation are also nearby.
Key Highlights
- Legal two‑family residence on a 50‑by‑100‑foot corner lot
- Approximately 2,900 SF of interior space; built in 1960
- R3X zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,889
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,417,780
$1.4M
Cap Rate 7%
$1,012,700
$1.0M
Cap Rate 9%
$787,656
$787.7K
Market Conditions
NOI Build-Up for 2,900 SF
Gross rent
$134.0K $46.20/SF
− Vacancy
−$5.1K −$1.76/SF
EGI
$128.9K $44.44/SF
− OpEx
−$58.0K −$20.00/SF
NOI
$70.9K $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%
$1,417,780
Cap Rate 7%
$1,012,700
Cap Rate 9%
$787,656
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$886.1K – $1.18M
NOI $70,889 @ 7.0% cap · market cap 3.66%
Second Best
Multifamily LT 5
$685.7K
$600.0K – $800.0K
NOI $48,000 @ 7.0% cap · market cap 2.48%
Theoretical Best
Office A
$2.14M
$1.87M – $2.49M
NOI $149,654 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,944
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate gas and electric meters serve the two legal residences, with a finished basement offering recreation space and a bathroom.
Where is this duplex 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: Legal two‑family residence on a 50‑by‑100‑foot corner lot; Approximately 2,900 SF of interior space; built in 1960; R3X zoning
