Renovated Brick
43-44 161st Street, Flushing, NY 11358
For Sale
$2,699,888
Pending
Residential Income, Flushing, NY
Property Size3,232 SF
Lot Size0.07 Acres
Days on Market201
Property Features for 43-44 161st Street
General Information
Property type
Property subtype
Rooms
Parking
Parking features
Window features
Exterior features
Fencing
Basement
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Standard status
APN
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Water front features
Water front
Building Details
Year built
Number of units
Building materials
Buildings
Listing Agency:
E Realty International Corp
(718) 886-8110
Listed By:
Chuan Wang Chen
(347) 755-9735
Added: Apr 28
Changed: Nov 6
Last Checked: Nov 14 at 12:06AM
MLS# 991765
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.
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Investment Insights
Based on property information with market context.
This semi-attached brick triplex, built in 1985, contains three-family residential accommodations and approximately 3,232 square feet of living space, excluding the lower level. The 30-by-100-foot lot supports a 22-by-52-foot building footprint. Renovations include electrical, plumbing, mechanical systems, kitchens, bathrooms, flooring, windows, and the driveway. A balcony, basement, garage, open parking, and driveway parking are also included.
The property is located in Flushing, three blocks from the LIRR Broadway station and minutes from supermarkets, public transportation, and downtown Flushing. Public water and public sewer serve the property, with water available. Heating equipment and cooling systems are ENERGY STAR qualified, with ductless, multi-unit cooling.
The property is located in Flushing, three blocks from the LIRR Broadway station and minutes from supermarkets, public transportation, and downtown Flushing. Public water and public sewer serve the property, with water available. Heating equipment and cooling systems are ENERGY STAR qualified, with ductless, multi-unit cooling.
Key Highlights
- Three‑family brick property built in 1985
- Approximately 3,232 square feet of living space, excluding the lower level
- 30x100 lot with a 22x52 building footprint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,865
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,597,300
$1.6M
Cap Rate 7%
$1,140,929
$1.1M
Cap Rate 9%
$887,389
$887.4K
Market Conditions
NOI Build-Up for 3,232 SF
Gross rent
$124.1K $38.40/SF
− Vacancy
−$10.0K −$3.10/SF
EGI
$114.1K $35.30/SF
− OpEx
−$34.2K −$10.59/SF
NOI
$79.9K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,597,300
Cap Rate 7%
$1,140,929
Cap Rate 9%
$887,389
Alternative Uses
Best Use
Multifamily LT 5
$1.14M
$998.3K – $1.33M
NOI $79,865 @ 7.0% cap · market cap 2.96%
Second Best
Apartment 5plus
$1.13M
$987.6K – $1.32M
NOI $79,004 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$2.38M
$2.08M – $2.78M
NOI $166,787 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,784
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
Properties on Market for Triplexes in Flushing
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Updated systems, outdoor space, and on-site parking support this three-family residential property.
Where is this triplex located?
The property is located at 43-44 161st Street Flushing, NY.
What is the asking price?
The asking price for this property is $2,699,888.
What are key features of this property?
This property features: Three‑family brick property built in 1985; Approximately 3,232 square feet of living space, excluding the lower level; 30x100 lot with a 22x52 building footprint
