Three-Story Brick
For Sale
$1,698,000
41-35 147th Street, New York, NY 11355
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 Market22
Property Features for 41-35 147th Street
General Information
Standard status
Active
Size
2,761 SF
Property subtype
Duplex
Site & Location
Neighborhood
Flushing
Public Transit
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
1955
Buildings
1
Stories
3
Construction
brick
Listing Agency:
Neil Charles Real Estate
Listed By:
Ann Stettner · License #10401201931
(917) 660-3266
Source:
Neilcharlesrealestate
Added: Oct 9
Changed: Oct 30
Last Checked: Oct 30 at 2:08AM
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 Neil Charles Real Estate
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
$93,442
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,868,840
$1.9M
Cap Rate 7%
$1,334,886
$1.3M
Cap Rate 9%
$1,038,244
$1.0M
Market Conditions
NOI Build-Up for 2,761 SF
Gross rent
$140.8K $51.00/SF
− Vacancy
−$7.3K −$2.65/SF
EGI
$133.5K $48.35/SF
− OpEx
−$40.0K −$14.50/SF
NOI
$93.4K $33.84/SF
Area
New York, NY
Vacancy
5.20%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,868,840
Cap Rate 7%
$1,334,886
Cap Rate 9%
$1,038,244
Alternative Uses
Best Use
Multifamily LT 5
$1.33M
$1.17M – $1.56M
NOI $93,442 @ 7.0% cap · market cap 5.50%
Second Best
Apartment 5plus
$1.23M
$1.08M – $1.44M
NOI $86,384 @ 7.0% cap · market cap 5.09%
Theoretical Best
Specialty Retail
$6.87M
$6.01M – $8.02M
NOI $481,077 @ 7.0% cap · market cap 28.33%
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
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
Market
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 New York, 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
