8-Unit Multifamily
42-08 164th Street Flushing, NY 11358
42-08 164th Street, Flushing, NY, 11358
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For Sale
Contact for pricing
For sale 8-unit multifamily property with apartment building configuration.
Property Size8,000 SF
Price / SF$487.50
Days on Market21
Property Features for 42-08 164th Street
General Information
- Standard status
- Active
- Size
- 8,000 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2019
Listing agency
Century Homes Realty Group
Listed by
Roger Liu · License #NY 10301219442
Source
Crexi
Added: Jul 3 Updated: Jul 10 at 2:14PM Checked: Jul 22 at 8:24AM
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 Century Homes Realty Group
Investment Insights
Based on property information with market context.
This for-sale multifamily property is configured as an 8-unit apartment building.
The offering is located at 42-08 164th Street in Flushing, New York.
The property is presented as a residential income asset with a total size of approximately 8,000 square feet, reflecting its small multi-unit apartment structure.
The offering is located at 42-08 164th Street in Flushing, New York.
The property is presented as a residential income asset with a total size of approximately 8,000 square feet, reflecting its small multi-unit apartment structure.
Key Highlights
- 8‑unit multifamily property (apartment building configuration)
- Built in 2019
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $369.6k | $46.20 |
| − Vacancy | −$14.0k | −$1.76 |
| EGI | $355.6k | $44.44 |
| − OpEx | −$160.0k | −$20.00 |
| NOI | $195.6k | $24.44 |
8,000 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.79M
$2.44M – $3.26M
NOI $195,555 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.90M
$5.16M – $6.88M
NOI $412,838 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - For sale 8-unit multifamily property with apartment building configuration.
Where is this apartment building located?
The property is located at 42-08 164th Street Flushing, NY.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: 8‑unit multifamily property (apartment building configuration); Built in 2019
