Brick Triplex with
42-03 156th Street, Flushing, NY 11355
For Sale
$1,880,000
Pending
Residential Income, Flushing, NY
Property Size2,593 SF
Lot Size0.04 Acres
Days on Market96
Property Features for 42-03 156th Street
General Information
Property type
Property subtype
Rooms
Parking features
Interior features
Basement
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Standard status
APN
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
private front yard
balcony
Building Details
Year built
Number of units
Building materials
Listing Agency:
E Realty International Corp
(718) 886-8110
Listed By:
Vicky Wei
(646) 651-3858
Added: Aug 11
Changed: Nov 6
Last Checked: Nov 14 at 12:06AM
MLS# 1037661
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.
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 legal three-family brick residence contains approximately 2,593 square feet across three separate living units. The first-floor apartment has one bedroom, one full bathroom, a kitchen, and garage access. Two additional three-bedroom units each include two bathrooms, a living room, and a kitchen; balconies are provided on the second and third floors. A finished basement with its own entrance adds flexible space.
The property occupies a 19 x 91-foot lot at 42-03 156th Street in Flushing, NY 11355. Private outdoor areas include a front yard, front and rear balconies, a driveway, and two-car parking. Built in 1988, the home features brick construction, central air, natural gas heating, public water, and public sewer. Shopping, dining, transportation, schools, and everyday amenities are located nearby.
The property occupies a 19 x 91-foot lot at 42-03 156th Street in Flushing, NY 11355. Private outdoor areas include a front yard, front and rear balconies, a driveway, and two-car parking. Built in 1988, the home features brick construction, central air, natural gas heating, public water, and public sewer. Shopping, dining, transportation, schools, and everyday amenities are located nearby.
Key Highlights
- Legal three‑family brick residence with approximately 2,593 sq ft of living space
- Three separate living units with 1‑bedroom and two 3‑bedroom configurations
- 19 x 91 ft lot with private front yard and 2‑car parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,075
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,281,500
$1.3M
Cap Rate 7%
$915,357
$915.4K
Cap Rate 9%
$711,944
$711.9K
Market Conditions
NOI Build-Up for 2,593 SF
Gross rent
$99.6K $38.40/SF
− Vacancy
−$8.0K −$3.10/SF
EGI
$91.5K $35.30/SF
− OpEx
−$27.5K −$10.59/SF
NOI
$64.1K $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%
$1,281,500
Cap Rate 7%
$915,357
Cap Rate 9%
$711,944
Alternative Uses
Best Use
Multifamily LT 5
$915.4K
$800.9K – $1.07M
NOI $64,075 @ 7.0% cap · market cap 3.41%
Second Best
Apartment 5plus
$905.5K
$792.3K – $1.06M
NOI $63,384 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,811 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,648
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
Properties on Market for Triplexes in Flushing
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate living units include a finished basement, central air, and natural gas heating.
Where is this triplex located?
The property is located at 42-03 156th Street Flushing, NY.
What is the asking price?
The asking price for this property is $1,880,000.
What are key features of this property?
This property features: Legal three‑family brick residence with approximately 2,593 sq ft of living space; Three separate living units with 1‑bedroom and two 3‑bedroom configurations; 19 x 91 ft lot with private front yard and 2‑car parking
