Five-Bedroom
For Sale
$1,250,000
Pending
43-14 163rd Street, Flushing, NY 11358
A legal two-family residence currently arranged as a one-family home, with multiple entrances and a rear deck.
Property Size1,840 SF
Lot Size0.07 Acres
Days on Market9
Property Features for 43-14 163rd Street
General Information
Standard status
Pending
Size
1,840 SF
Lot size
0.07 Acres
Property subtype
Residential Income
Zoning
R4-1
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,190
Amenities
laundry room
deck
Finished,Full
3
Yes
Other
Finished, Full
No
Detached
1840
Building Details
Building Size
1,840 SF
Year Built
1910
Buildings
1
Tenancy
Single
Listing Agency:
(516) 703-2918
Listed By:
Aman Deep Sabharwal
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 3:58PM
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 Aman Deep Sabharwal
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Investment Insights
Based on property information with market context.
This detached duplex has 1,840 square feet of living space and is currently occupied as a one-family home despite its legal two-family status. The first floor includes a foyer, sunroom, living and dining rooms, an eat-in kitchen, and a full bath. Three bedrooms and another full bath are on the second floor; the attic adds two bedrooms and open flex space. The basement contains a boiler room, laundry, a half bath, an additional room, and a large open area. Hardwood floors, oversized windows, a backyard deck, and separate basement access are among the property’s features. Built in 1910, the home sits on a 30 × 100 property zoned R4-1.
The Flushing property is two blocks from Northern Boulevard, with bus service and LIRR access nearby. Shops, parks, routes to Downtown Flushing, and major highways are also identified in the surrounding area. The property is in School District 25.
The Flushing property is two blocks from Northern Boulevard, with bus service and LIRR access nearby. Shops, parks, routes to Downtown Flushing, and major highways are also identified in the surrounding area. The property is in 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
- Five bedrooms and two and a half bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,978
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
765
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?
Duplex - A legal two-family residence currently arranged as a one-family home, with multiple entrances 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; Five bedrooms and two and a half bathrooms
