Legal Two-Family Duplex with Rear
For Sale
$1,250,000
Pending
43-14 163rd Street, Flushing, NY 11358
Residential Income, Flushing, NY
Property Size1,840 SF
Lot Size0.07 Acres
Days on Market51
Property Features for 43-14 163rd Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 5, Basement, Bathroom 1, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 4
Basement
Full, Finished
Elementary school
Ps 107 Thomas A Dooley
Middle school
Is 25 Adrien Block
High school
Francis Lewis High School
Elementary school district
Queens 25
Middle school district
Queens 25
High school district
Queens 26
Standard status
Pending
APN
05420-0038
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8190
Utilities
Heating system
Hot Water(Heating), Natural Gas
Building Details
Year built
1910
Number of units
2
Building materials
Frame
Listing Agency:
Winzone Realty Inc
(718) 899-7000
Listed By:
Shu Ching McKenna
(917) 435-3219
Added: Jul 28
Changed: Sep 13
Last Checked: Sep 16 at 12:06PM
MLS# 1031597
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1910 frame residence is legally configured as a two-family property but is currently used as one dwelling. The home provides 1,840 sq. ft. of living space on a 0.0689-acre, 30 * 100 lot. Its layout includes a basement with laundry, boiler, half bath, and open recreation or guest space; a first floor with formal living and dining areas, sunroom, eat-in kitchen, and full bath; and upper levels containing five bedrooms, additional flex space, and two full bathrooms. A rear deck, backyard, hardwood floors, oversized windows, and multiple entrances are also included.
Located at 43-14 163rd Street in Flushing, the property sits two blocks from Northern Blvd on a quiet residential block. It is within School District 25 and offers access to buses, the LIRR, major highways, shops, parks, Downtown Flushing, and Manhattan connections.
Located at 43-14 163rd Street in Flushing, the property sits two blocks from Northern Blvd on a quiet residential block. It is within School District 25 and offers access to buses, the LIRR, major highways, shops, parks, Downtown Flushing, and Manhattan connections.
Key Highlights
- Legal two‑family property currently operated as one dwelling
- 1,840 sq. ft. of living space on a 0.0689‑acre lot
- 30 * 100 lot with R4‑1 zoning
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
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Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - R4-1-zoned residence offers multiple entrances, hardwood floors, and adaptable lower-level space.
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 operated as one dwelling; 1,840 sq. ft. of living space on a 0.0689‑acre lot; 30 * 100 lot with R4‑1 zoning
