Legal Two-Family Duplex with
For Sale
$1,250,000
43-14 163rd Street, Flushing, NY 11358
Legal two-family residence with multiple entrances, flexible interior space, and a rear deck.
Property Size1,840 SF
Lot Size0.07 Acres
Price / SF$679.35
Days on Market14
Property Features for 43-14 163rd Street
General Information
Standard status
Active
Size
1,840 SF
Lot size
0.07 Acres
Property subtype
Residential Income
Zoning
R4-1
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,190
Amenities
laundry room
deck
Building Details
Building Size
1,840 SF
Year Built
1910
Buildings
1
Units
2
Tenancy
Single
Listing Agency:
Winzone Realty Inc
(917) 435-3219
Listed By:
Shu Ching McKenna
(917) 435-3219
Source:
Cohenandcohenrealty
Added: Jul 28
Changed: Aug 9
Last Checked: Aug 9 at 3:11PM
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 Winzone Realty Inc
Investment Insights
Based on property information with market context.
This legal two-family property is currently configured as a single-family residence and offers 1,840 square feet of living space. The layout includes a basement with a boiler room, laundry room, half bath, additional room, and open family or guest area. The main level has a foyer, sunroom, living room, formal dining room, eat-in kitchen, full bath, rear yard access, and a side entrance to the basement. Three bedrooms and a full bath occupy the second floor, while the attic provides two additional bedrooms and open flex space. Hardwood floors, oversized windows, multiple entrances, and a rear deck are among the existing features.
The 30 × 100 property carries R4-1 zoning and was built in 1910. It is located at 43-14 163rd Street in Flushing, two blocks from Northern Blvd and near bus service, the LIRR, major highways, shops, parks, and direct routes to Downtown Flushing. The property is within School District 25.
The 30 × 100 property carries R4-1 zoning and was built in 1910. It is located at 43-14 163rd Street in Flushing, two blocks from Northern Blvd and near bus service, the LIRR, major highways, shops, parks, and direct routes to Downtown Flushing. The property is within School District 25.
Key Highlights
- Legal two‑family property currently used as a one‑family home
- 1,840 sq. ft. of living space on a 30 × 100 property
- R4‑1 zoning; built in 1910
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
$44,978
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
3.60%
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%
$899,560
$899.6K
Cap Rate 7%
$642,543
$642.5K
Cap Rate 9%
$499,756
$499.8K
Market Conditions
NOI Build-Up for 1,840 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
$85.0K $46.20/SF
− Vacancy
−$3.2K −$1.76/SF
EGI
$81.8K $44.44/SF
− OpEx
−$36.8K −$20.00/SF
NOI
$45.0K $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%
$899,560
Cap Rate 7%
$642,543
Cap Rate 9%
$499,756
Alternative Uses
Best Use
Apartment 5plus
$642.5K
$562.2K – $749.6K
NOI $44,978 @ 7.0% cap · market cap 3.60%
Second Best
Multifamily LT 5
$435.1K
$380.7K – $507.6K
NOI $30,455 @ 7.0% cap · market cap 2.44%
Theoretical Best
Office A
$1.36M
$1.19M – $1.58M
NOI $94,953 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,784
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family residence with multiple entrances, flexible interior space, and a rear deck.
Where is this duplex located?
The property is located at 43-14 163rd Street Flushing, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Legal two‑family property currently used as a one‑family home; 1,840 sq. ft. of living space on a 30 × 100 property; R4‑1 zoning; built in 1910
