Legal Two-Family Duplex
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 Market3
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
Bedroom 5, Bedroom 4, Bedroom 6, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 2, Basement, Bathroom 3, Bathroom 4, Bedroom 1
Parking features
Garage, Driveway
Patio and Porch features
Patio
Interior features
First Floor Bedroom
Fireplace
1
Basement
Finished, Walk-Out Access
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
Directions
Please refer to Google Maps
Standard status
Active
APN
05358-0001
Lot size
0.11 Acres
Additional Details
Individually Metered Utilities
gas, electricity
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), Multi Units, Window Unit(s)
Water source
Public
Amenities
finished basement
recreation space
backyard
Building Details
Year built
1960
Number of units
2
Flooring type
Hardwood
Building materials
Brick, Stucco
Architectural style
Contemporary
Buildings
1
Listing Agency:
Skylux Realty Inc
(718) 500-2231
Listed By:
Anna Huang
(347) 885-9528
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 28 at 12:06AM
MLS# 1067107
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.
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Investment Insights
Based on property information with market context.
This detached, brick-and-stucco duplex contains approximately 2,900 SF of interior space on a 50-by-100-foot corner lot. The first residence spans two levels, with a living room, dining room, kitchen, three bedrooms, and two full bathrooms on the main floor, plus an additional bedroom and living room upstairs. The second residence includes one bedroom, one bathroom, living and dining rooms, a kitchen, and backyard access. A finished basement offers recreation space, a separate entrance, and another bathroom.
The property has R3X zoning and was built in 1960. Separate gas and electric meters and two boilers serve the building. Exterior features include a backyard, patio, garage, and private driveway with room for multiple cars. The LIRR is approximately half a block away, while Northern Boulevard is one block away; shopping, dining, and transportation are also nearby.
The property has R3X zoning and was built in 1960. Separate gas and electric meters and two boilers serve the building. Exterior features include a backyard, patio, garage, and private driveway with room for multiple cars. The LIRR is approximately half a block away, while Northern Boulevard is one block away; shopping, dining, and transportation are also nearby.
Key Highlights
- Two legal residences in a detached duplex
- 50‑by‑100‑foot corner lot with R3X zoning
- Approximately 2,900 SF of interior space
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
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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 separate residences sit on a corner parcel with a finished basement and private parking.
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: Two legal residences in a detached duplex; 50‑by‑100‑foot corner lot with R3X zoning; Approximately 2,900 SF of interior space
