Brick Three-Family
New
For Sale
$2,590,000
4177 SUMMIT, Flushing, NY 11355
Residential Income, Flushing, NY
Property Size3,230 SF
Price / SF$801.86
Days on Market1
Property Features for 4177 SUMMIT
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
9
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 5, Basement, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 9, Bedroom 4, Bedroom 5, Bedroom 6, Bathroom 1, Bedroom 8, Bedroom 7, Bedroom 3, Bedroom 1, Bathroom 4
Elementary school
Ps 120
Middle school
Jhs 189 Daniel Carter Beard
High school
John Bowne High School
Elementary school district
Queens 25
Middle school district
Queens 25
High school district
Queens 25
Standard status
Active
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
18740
Utilities
Cooling system
Electric
Building Details
Year built
2005
Number of units
3
Building materials
Brick
Listing Agency:
Royalux Realty LLC
(718) 666-6066
Listed By:
Jieying Huang
(347) 666-3688
Added: Oct 19
Last Checked: Oct 19 at 8:06PM
MLS# 1064181
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 2005 brick triplex contains approximately 3,230 square feet across four above-ground levels, with a basement. The property is configured as a three-family residence and is currently tenant-occupied. Its water heater was replaced approximately three years ago. Room information lists nine bedrooms and five bathrooms.
The property is in Downtown Flushing, near Main Street shopping, dining, banking, supermarkets, restaurants, bakeries, and the Queens Public Library at Flushing. Transit options include the Flushing-Main Street 7 subway station, LIRR service, and multiple bus routes connecting with Manhattan and other parts of Queens.
The property is in Downtown Flushing, near Main Street shopping, dining, banking, supermarkets, restaurants, bakeries, and the Queens Public Library at Flushing. Transit options include the Flushing-Main Street 7 subway station, LIRR service, and multiple bus routes connecting with Manhattan and other parts of Queens.
Key Highlights
- Three‑family property with nine bedrooms and five bathrooms
- Approximately 3,230 square feet in a 2005 building
- Brick construction across four above‑ground levels, plus a basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,955
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,579,100
$1.6M
Cap Rate 7%
$1,127,929
$1.1M
Cap Rate 9%
$877,278
$877.3K
Market Conditions
NOI Build-Up for 3,230 SF
Gross rent
$149.2K $46.20/SF
− Vacancy
−$5.7K −$1.76/SF
EGI
$143.6K $44.44/SF
− OpEx
−$64.6K −$20.00/SF
NOI
$79.0K $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%
$1,579,100
Cap Rate 7%
$1,127,929
Cap Rate 9%
$877,278
Alternative Uses
Best Use
Apartment 5plus
$1.13M
$986.9K – $1.32M
NOI $78,955 @ 7.0% cap · market cap 3.05%
Second Best
Multifamily LT 5
$763.7K
$668.3K – $891.0K
NOI $53,462 @ 7.0% cap · market cap 2.06%
Theoretical Best
Office A
$2.38M
$2.08M – $2.78M
NOI $166,684 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
9,900
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Tenant occupancy and a basement complement the building’s four above-ground levels.
Where is this triplex located?
The property is located at 4177 SUMMIT Flushing, NY.
What is the asking price?
The asking price for this property is $2,590,000.
What are key features of this property?
This property features: Three‑family property with nine bedrooms and five bathrooms; Approximately 3,230 square feet in a 2005 building; Brick construction across four above‑ground levels, plus a basement
