Two 3-Family Residential Income
4208 & 4210 164th Street Flushing Ny, NY 11358
4208 & 4210 164th Street Flushing, Ny, NY, 11358
$3,900,000
For Sale
$3,900,000
Package sale of two 3-family properties with split utilities, multiple finished levels, and a front-and-back double-car garage.
Property Size5,386 SF
Price / SF$724.10
Days on Market8
Property Features for 4208 & 4210 164th Street Flushing
General Information
- Standard status
- Active
- Size
- 5,386 SF
Building Details
- Year Built
- 2017
Listing Agency
(718) 684-8000
Listed by
Kevin Baijnauth
(718) 684-8000
Source
Parkassets
Added: Jul 10 Checked: Jul 17 at 2:25 am
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 Kevin Baijnauth
Investment Insights
Based on property information with market context.
Two 3-family-house residential income buildings are offered for sale as a package, presented as mint-condition “663 style” properties with a 2019 Certificate of Occupancy. Each building is described as having fully split gas and electric utilities across four finished levels, along with split AC/heating units. The unit mix includes a 1BR/1BA first-floor unit and two identical 3BR/2BA upper units with open-concept kitchens and living rooms, plus front and back balconies. A fully finished open basement includes a washer/dryer and an outside separate entrance to the backyard.
The package is located steps from Sanford Ave and Northern Blvd, with the LIRR approximately 0.2 miles away, supporting convenient access for tenants and occupants.
The listing notes four gas and electric meters total and a rare front-and-back double-car garage. The seller also indicates a preference for the properties to be sold occupied with long-time paying tenants.
The package is located steps from Sanford Ave and Northern Blvd, with the LIRR approximately 0.2 miles away, supporting convenient access for tenants and occupants.
The listing notes four gas and electric meters total and a rare front-and-back double-car garage. The seller also indicates a preference for the properties to be sold occupied with long-time paying tenants.
Key Highlights
- Package sale: two 3‑family properties with 4 separate gas and electric meters and split utilities
- 2017‑built 3‑family with 4 finished levels and a finished full walk‑out basement with OSE to the backyard
- 2‑car front‑and‑back double‑car garage with driveway and garage parking (2 total spaces)
Local Financial Insights For Multifamily LT 5
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 | $274.7k | $51.00 |
| − Vacancy | −$14.3k | −$2.65 |
| EGI | $260.4k | $48.35 |
| − OpEx | −$78.1k | −$14.50 |
| NOI | $182.3k | $33.84 |
5,386 SF · lease $51.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$2.60M
$2.28M – $3.04M
NOI $182,282 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$2.41M
$2.11M – $2.81M
NOI $168,513 @ 7.0% cap · market cap 4.32%
Theoretical Best
Specialty Retail
$13.41M
$11.73M – $15.64M
NOI $938,457 @ 7.0% cap · market cap 24.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Package sale of two 3-family properties with split utilities, multiple finished levels, and a front-and-back double-car garage.
Where is this triplex located?
The property is located at 4208 & 4210 164th Street Flushing Ny, 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: Package sale: two 3‑family properties with 4 separate gas and electric meters and split utilities; 2017‑built 3‑family with 4 finished levels and a finished full walk‑out basement with OSE to the backyard; 2‑car front‑and‑back double‑car garage with driveway and garage parking (2 total spaces)
