Detached Duplex with Private
New
For Sale
$1,680,000
43-68 160th Street, Flushing, NY 11358
Matching two-bedroom, two-bath layouts occupy the first and second floors, with additional finished basement space.
Property Size3,375 SF
Lot Size0.08 Acres
Price / SF$497.78
Days on Market7
Property Features for 43-68 160th Street
General Information
Standard status
Active
Size
3,375 SF
Total Parking Spaces
3
Lot size
0.08 Acres
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$16,839
Building Details
Building Size
3,375 SF
Year Built
2000
Buildings
1
Listing Agency:
Winzone Realty Inc
(646) 633-2828
Listed By:
Vera Y. Wu
Source:
Cbwarburg
Added: Aug 24
Changed: Aug 28
Last Checked: Aug 29 at 3:17PM
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.
Built in 2000, this detached duplex sits on an approximately 3,375-square-foot lot and provides two residential units with comparable floor plans. Each of the first and second floors includes two bedrooms, two full bathrooms, an oversized living area, and storage. A private driveway accommodates approximately three cars.
The finished basement has a separate entrance, two additional rooms, and a footprint approximately comparable to the upper floors. The lower level can support recreation, office, storage, or extended living uses. The property is located near shopping, public transportation, schools, restaurants, and everyday amenities in Flushing, New York.
The finished basement has a separate entrance, two additional rooms, and a footprint approximately comparable to the upper floors. The lower level can support recreation, office, storage, or extended living uses. The property is located near shopping, public transportation, schools, restaurants, and everyday amenities in Flushing, New York.
Key Highlights
- Two residential floors, each with 2 bedrooms and 2 full bathrooms
- Approximately 3,375 sq. ft. lot
- Private driveway with parking for approximately 3 cars
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
$82,500
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
4.91%
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%
$1,650,000
$1.7M
Cap Rate 7%
$1,178,571
$1.2M
Cap Rate 9%
$916,667
$916.7K
Market Conditions
NOI Build-Up for 3,375 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
$155.9K $46.20/SF
− Vacancy
−$5.9K −$1.76/SF
EGI
$150.0K $44.44/SF
− OpEx
−$67.5K −$20.00/SF
NOI
$82.5K $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%
$1,650,000
Cap Rate 7%
$1,178,571
Cap Rate 9%
$916,667
Alternative Uses
Best Use
Apartment 5plus
$1.18M
$1.03M – $1.38M
NOI $82,500 @ 7.0% cap · market cap 4.91%
Second Best
Multifamily LT 5
$798.0K
$698.3K – $931.0K
NOI $55,862 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$2.49M
$2.18M – $2.90M
NOI $174,166 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
735
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 - Matching two-bedroom, two-bath layouts occupy the first and second floors, with additional finished basement space.
Where is this duplex located?
The property is located at 43-68 160th Street Flushing, NY.
What is the asking price?
The asking price for this property is $1,680,000.
What are key features of this property?
This property features: Two residential floors, each with 2 bedrooms and 2 full bathrooms; Approximately 3,375 sq. ft. lot; Private driveway with parking for approximately 3 cars
