Two-Property Triplex
For Sale
$3,900,000
4208 & 4210 164th Street, Flushing, NY 11358
The package includes separately metered utilities, split heating and cooling, and a double-car garage.
Property Size5,386 SF
Price / SF$724.10
Days on Market108
Property Features for 4208 & 4210 164th Street
General Information
Standard status
Active
Size
5,386 SF
Total Parking Spaces
2
Property subtype
Commercial
Zoning
R5B
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 1BR/1BA, 4 x 3BR/2BA
Multifamily Units
6
Individually Metered Utilities
gas, electricity
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$30,526
Amenities
balconies
washer/dryer
Building Details
Building Size
5,386 SF
Year Built
2017
Buildings
2
Units
8
Tenancy
Multi
Listing Agency:
Century Homes Realty Group LLC
(718) 886-6800
Listed By:
Roger Liu · License #10301219442
(646) 233-6608
Source:
Clairedleone
Added: Jul 8
Changed: Oct 23
Last Checked: Oct 23 at 3:14PM
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 LLC
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Investment Insights
Based on property information with market context.
This 5,386-square-foot offering combines two three-family properties. The described unit mix includes a first-floor one-bedroom, one-bathroom residence and two upper-level three-bedroom, two-bathroom residences. The upper units have open kitchens and living areas, with balconies at the front and rear. A finished basement provides laundry, and a separate exterior entrance connects to the backyard. Split AC and heating units and four gas and electric meters serve the properties.
Built in 2017, the properties have a 2019 certificate of occupancy and R5B zoning. The package is 0.2 miles from the LIRR and near Sanford Avenue and Northern Boulevard. A double-car garage accommodates parking at the front and rear.
Built in 2017, the properties have a 2019 certificate of occupancy and R5B zoning. The package is 0.2 miles from the LIRR and near Sanford Avenue and Northern Boulevard. A double-car garage accommodates parking at the front and rear.
Key Highlights
- Two three‑family properties offered together
- 5,386 square feet; built in 2017
- 2019 certificate of occupancy; R5B zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$131,658
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,633,160
$2.6M
Cap Rate 7%
$1,880,829
$1.9M
Cap Rate 9%
$1,462,867
$1.5M
Market Conditions
NOI Build-Up for 5,386 SF
Gross rent
$248.8K $46.20/SF
− Vacancy
−$9.5K −$1.76/SF
EGI
$239.4K $44.44/SF
− OpEx
−$107.7K −$20.00/SF
NOI
$131.7K $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%
$2,633,160
Cap Rate 7%
$1,880,829
Cap Rate 9%
$1,462,867
Alternative Uses
Best Use
Apartment 5plus
$1.88M
$1.65M – $2.19M
NOI $131,658 @ 7.0% cap · market cap 3.38%
Second Best
Multifamily LT 5
$1.27M
$1.11M – $1.49M
NOI $89,147 @ 7.0% cap · market cap 2.29%
Theoretical Best
Office A
$3.97M
$3.47M – $4.63M
NOI $277,943 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
6
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,655
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Triplex - The package includes separately metered utilities, split heating and cooling, and a double-car garage.
Where is this triplex located?
The property is located at 4208 & 4210 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: Two three‑family properties offered together; 5,386 square feet; built in 2017; 2019 certificate of occupancy; R5B zoning
