Three-Story Brick
New
For Sale
$1,698,000
41-35 147th Street, Flushing, NY 11355
Residential Income, Flushing, NY
Property Size2,761 SF
Lot Size0.05 Acres
Price / SF$614.99
Days on Market2
Property Features for 41-35 147th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Elementary school
Ps 22 Thomas Jefferson
Middle school
Jhs 189 Daniel Carter Beard
High school
Contact Agent
Elementary school district
Queens 25
Middle school district
Queens 25
High school district
Contact Agent
Standard status
Active
APN
05053-0031
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
10380
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1955
Number of units
2
Listing Agency:
E Realty International Corp
(718) 886-8110
Listed By:
Ning Zhang · License #10401338491
(929) 525-7088
Added: Oct 9
Last Checked: Oct 10 at 2:06AM
MLS# 1060981
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 three-level brick duplex contains two family residences and approximately 2,761 square feet of building space. Built in 1955, the property occupies a lot measuring approximately 21 by 95 feet and is served by public water and sewer.
The Flushing address places the property near restaurants, supermarkets, retail, schools, and public transportation. Downtown Flushing and other neighborhood amenities are also accessible from the property.
The Flushing address places the property near restaurants, supermarkets, retail, schools, and public transportation. Downtown Flushing and other neighborhood amenities are also accessible from the property.
Key Highlights
- Two‑family brick residence 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
$67,491
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,349,820
$1.3M
Cap Rate 7%
$964,157
$964.2K
Cap Rate 9%
$749,900
$749.9K
Market Conditions
NOI Build-Up for 2,761 SF
Gross rent
$127.6K $46.20/SF
− Vacancy
−$4.8K −$1.76/SF
EGI
$122.7K $44.44/SF
− OpEx
−$55.2K −$20.00/SF
NOI
$67.5K $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%
$1,349,820
Cap Rate 7%
$964,157
Cap Rate 9%
$749,900
Alternative Uses
Best Use
Apartment 5plus
$964.2K
$843.6K – $1.12M
NOI $67,491 @ 7.0% cap · market cap 3.97%
Second Best
Multifamily LT 5
$652.8K
$571.2K – $761.7K
NOI $45,699 @ 7.0% cap · market cap 2.69%
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.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5,973
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family residence on a roughly 21-by-95-foot lot in Flushing.
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 across three stories; Approximately 2,761 square feet of building space; Lot measures approximately 21 x 95 feet
