Three-Unit Multifamily
43-70 158th Street, Flushing, NY 11358
For Sale
New
$1,988,888
Three distinct residences include two three-bedroom layouts and a separate one-bedroom unit.
Property Size2,980 SF
Days on Market7
Property Features for 43-70 158th Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
fully fenced backyard
Building Details
Building Size
Year Built
Stories
Construction
Listing Agency:
RE/MAX 1st Choice
Listed By:
Po Wei Tair · License #7.51E+13
(718) 279-8686
Source:
Barbieliteam
Added: Nov 3
Changed: Nov 7
Last Checked: Nov 8 at 4:34PM
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 RE/MAX 1st Choice
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Investment Insights
Based on property information with market context.
This 1965 brick multifamily property is arranged across three floors, with two three-bedroom units and a walk-in-level one-bedroom residence. Each of the larger units has one-and-a-half bathrooms, living and dining rooms, and gas heat. A private driveway, garage parking, and a fully fenced backyard are also part of the property.
The building is at 43-70 158th Street in Flushing. The Long Island Rail Road and several local bus routes are within walking distance, as are dining and shopping along Northern Boulevard and H Mart. The bus routes listed are Q26, Q27, Q65, Q12/28, and Q13.
The building is at 43-70 158th Street in Flushing. The Long Island Rail Road and several local bus routes are within walking distance, as are dining and shopping along Northern Boulevard and H Mart. The bus routes listed are Q26, Q27, Q65, Q12/28, and Q13.
Key Highlights
- Three units across three floors
- Two three‑bedroom units, each with 1.5 bathrooms
- Separate walk‑in‑level one‑bedroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,844
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,456,880
$1.5M
Cap Rate 7%
$1,040,629
$1.0M
Cap Rate 9%
$809,378
$809.4K
Market Conditions
NOI Build-Up for 2,980 SF
Gross rent
$137.7K $46.20/SF
− Vacancy
−$5.2K −$1.76/SF
EGI
$132.4K $44.44/SF
− OpEx
−$59.6K −$20.00/SF
NOI
$72.8K $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%
$1,456,880
Cap Rate 7%
$1,040,629
Cap Rate 9%
$809,378
Alternative Uses
Best Use
Apartment 5plus
$1.04M
$910.6K – $1.21M
NOI $72,844 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.20M
$1.92M – $2.56M
NOI $153,782 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,184
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
$967,200
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Flushing, NY
Properties on Market for Multifamily properties in Flushing
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Three distinct residences include two three-bedroom layouts and a separate one-bedroom unit.
Where is this multifamily property located?
The property is located at 43-70 158th Street Flushing, NY.
What is the asking price?
The asking price for this property is $1,988,888.
What are key features of this property?
This property features: Three units across three floors; Two three‑bedroom units, each with 1.5 bathrooms; Separate walk‑in‑level one‑bedroom unit
