Semi-Attached Two-Family Brick
For Sale
$1,895,000
42-19 195 Street, Flushing, NY 11358
Well-maintained two-family brick home with two separate residences, finished walk-in basement, and a one-car attached garage.
Property Size2,738 SF
Lot Size0.10 Acres
Days on Market101
Property Features for 42-19 195 Street
General Information
Standard status
Active
Size
2,738 SF
Total Parking Spaces
1
Lot size
0.10 Acres
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$14,062
Building Details
Building Size
2,738 SF
Year Built
1976
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
NY Metro Realty Group Ltd
Listed By:
Marisa VanWinckle
(718) 544-2883
Source:
Barbieliteam
Added: Jun 11
Changed: Sep 18
Last Checked: Sep 18 at 10:47AM
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 NY Metro Realty Group Ltd
Investment Insights
Based on property information with market context.
Semi-attached two-family brick home built in 1976 with a 1-car attached garage. The property sits on a 37.83 x 120 lot with a 22 x 55 building footprint.
The first-floor apartment features three bedrooms and two baths, with a fully finished walk-in basement that includes two guest bedrooms and one bath. Each floor also includes a primary bedroom with an en-suite bath. The second-floor apartment offers three bedrooms and two baths, along with a balcony.
The home is described as renovated and turnkey, with eat-in kitchens, formal dining rooms, hardwood floors, and ample closets and storage. Southern, eastern, and western exposures provide multiple light orientations. Outside, there is a private yard and a long private driveway that can accommodate multiple vehicles.
Conveniently located in Flushing, the home is described as only a 6-minute walk to the LIRR train station and is near shopping, dining, parks, and recreation.
The first-floor apartment features three bedrooms and two baths, with a fully finished walk-in basement that includes two guest bedrooms and one bath. Each floor also includes a primary bedroom with an en-suite bath. The second-floor apartment offers three bedrooms and two baths, along with a balcony.
The home is described as renovated and turnkey, with eat-in kitchens, formal dining rooms, hardwood floors, and ample closets and storage. Southern, eastern, and western exposures provide multiple light orientations. Outside, there is a private yard and a long private driveway that can accommodate multiple vehicles.
Conveniently located in Flushing, the home is described as only a 6-minute walk to the LIRR train station and is near shopping, dining, parks, and recreation.
Key Highlights
- Built in 1976 semi‑attached two‑family brick home
- 37.83 x 120 lot with 22 x 55 building footprint
- 1‑car attached garage plus long private driveway for multiple vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$66,929
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,338,580
$1.3M
Cap Rate 7%
$956,129
$956.1K
Cap Rate 9%
$743,656
$743.7K
Market Conditions
NOI Build-Up for 2,738 SF
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.
Gross rent
$126.5K $46.20/SF
− Vacancy
−$4.8K −$1.76/SF
EGI
$121.7K $44.44/SF
− OpEx
−$54.8K −$20.00/SF
NOI
$66.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,338,580
Cap Rate 7%
$956,129
Cap Rate 9%
$743,656
Alternative Uses
Best Use
Apartment 5plus
$956.1K
$836.6K – $1.12M
NOI $66,929 @ 7.0% cap · market cap 3.53%
Second Best
Multifamily LT 5
$647.4K
$566.5K – $755.3K
NOI $45,318 @ 7.0% cap · market cap 2.39%
Theoretical Best
Office A
$2.02M
$1.77M – $2.35M
NOI $141,294 @ 7.0% cap · market cap 7.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,909
Businesses Nearby
Explore this area
Business Placement
Demographics for 11358, NY
40,435
Population
13,806
Households
2.9
Avg Household Size
43
Median Age
37%
College-Educated
84%
High-School Grad
2.0 sq mi
ZIP Area
20,218
Density / Sq Mi
$88,729
Median Household Income
$46,875
Median Earnings
$2,086
Median Rent
$967,200
Median Home Value
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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 - Well-maintained two-family brick home with two separate residences, finished walk-in basement, and a one-car attached garage.
Where is this duplex located?
The property is located at 42-19 195 Street Flushing, NY.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: Built in 1976 semi‑attached two‑family brick home; 37.83 x 120 lot with 22 x 55 building footprint; 1‑car attached garage plus long private driveway for multiple vehicles
