Three-Story Brick
41-35 147th Street, Flushing, NY 11355
For Sale
$1,698,000
The two-family residence provides separate household configurations in a brick building constructed in 1955.
Property Size2,761 SF
Price / SF$614.99
Days on Market33
Property Features for 41-35 147th Street
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Building Details
Year Built
Buildings
Stories
Construction
Listing Agency:
E Realty International Corp
(718) 886-8110
Listed By:
Ning Zhang · License NY #10401338491
(929) 525-7088
Source:
Neilcharlesrealestate
Added: Oct 9
Changed: Nov 9
Last Checked: Nov 9 at 9:45AM
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 E Realty International Corp
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-level brick duplex contains two family units and dates to 1955. The building offers approximately 2,761 square feet on a lot measuring approximately 21 x 95 feet.
The property is in Flushing, near restaurants, supermarkets, retail, schools, and public transportation. Downtown Flushing is also accessible from the property.
The property is in Flushing, near restaurants, supermarkets, retail, schools, and public transportation. Downtown Flushing is also accessible from the property.
Key Highlights
- Two‑family brick residence arranged across three stories
- Approximately 2,761 square feet of building space
- Lot measures approximately 21 x 95 feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,226
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,364,520
$1.4M
Cap Rate 7%
$974,657
$974.7K
Cap Rate 9%
$758,067
$758.1K
Market Conditions
NOI Build-Up for 2,761 SF
Gross rent
$106.0K $38.40/SF
− Vacancy
−$8.6K −$3.10/SF
EGI
$97.5K $35.30/SF
− OpEx
−$29.2K −$10.59/SF
NOI
$68.2K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,364,520
Cap Rate 7%
$974,657
Cap Rate 9%
$758,067
Alternative Uses
Best Use
Multifamily LT 5
$974.7K
$852.8K – $1.14M
NOI $68,226 @ 7.0% cap · market cap 4.02%
Second Best
Apartment 5plus
$964.2K
$843.6K – $1.12M
NOI $67,491 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$2.04M
$1.78M – $2.37M
NOI $142,481 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
927
Businesses Nearby
Explore this area
Business Placement
Demographics for 11355, NY
89,465
Population
32,049
Households
2.8
Avg Household Size
44
Median Age
24%
College-Educated
70%
High-School Grad
1.7 sq mi
ZIP Area
52,626
Density / Sq Mi
$53,700
Median Household Income
$31,166
Median Earnings
$1,664
Median Rent
$711,500
Median Home Value
Market
Properties on Market for Duplexes in Flushing
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The two-family residence provides separate household configurations in a brick building constructed in 1955.
Where is this duplex located?
The property is located at 41-35 147th Street Flushing, NY.
What is the asking price?
The asking price for this property is $1,698,000.
What are key features of this property?
This property features: Two‑family brick residence arranged across three stories; Approximately 2,761 square feet of building space; Lot measures approximately 21 x 95 feet
