Three-Story Brick
New
For Sale
$1,698,000
41-35 147th Street, Flushing, NY 11355
Two residences occupy a brick home near neighborhood shopping, schools, restaurants, and public transportation.
Property Size2,761 SF
Lot Size0.05 Acres
Price / SF$614.99
Days on Market5
Property Features for 41-35 147th Street
General Information
Standard status
Active
Size
2,761 SF
Lot size
0.05 Acres
Property subtype
Duplex
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,380
Building Details
Building Size
2,761 SF
Year Built
1955
Stories
3
Construction
brick
Listing Agency:
E Realty International Corp
Listed By:
Ning Zhang · License #10401338491
(929) 525-7088
Source:
Barbieliteam
Added: Oct 9
Changed: Oct 13
Last Checked: Oct 13 at 2:19AM
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
Investment Insights
Based on property information with market context.
This two-family brick residence rises three stories and contains approximately 2,761 square feet on a lot measuring approximately 21 x 95 feet. Built in 1955, the property is configured as a duplex.
Restaurants, supermarkets, shops, schools, and public transportation are nearby. Downtown Flushing is also accessible from the property.
Restaurants, supermarkets, shops, schools, and public transportation are nearby. Downtown Flushing is also accessible from the property.
Key Highlights
- Two‑family brick residence with 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.
How Realmo checks its estimates
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Open Analytics
Current Use
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
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 - Two residences occupy a brick home near neighborhood shopping, schools, restaurants, and public transportation.
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 with three stories; Approximately 2,761 square feet of building space; Lot measures approximately 21 x 95 feet
