Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Detached Two-Family Home Title is generated by Realmo AI

    45-11 156 Street, Flushing, NY 11355

    View on Map
    Claim this Listing
    New
    For Sale
    $1,380,000

    MULTI_FAMILY - Flushing, NY

    Lot size:
    0.09 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 4:06 pm

    Property Features for 45-11 156 Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bedroom 2, Basement, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 1
    Parking features
    Driveway
    Interior features
    First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen, Primary Bathroom, Washer/Dryer Hookup
    Basement
    Finished
    Standard status
    Active
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    10866

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Window Unit(s), Wall/Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1940
    Number of units
    2
    Building materials
    Brick

    We can help!

    Listing Contact
    Doris K. Wong

    Listing agent Doris K. Wong

    Listing office LAFFEY REAL ESTATE 6336 Northern Blvd, Greenvale, NY

    Listing date Jun 3, 2026

    MLS# 1008504 Listing URL

    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.

    HighLights

    • Detached two‑family home on an R2 zoned lot
    • Eat‑in kitchen with open living and dining areas
    • Finished basement with exterior entrance for flexible space
    • Hardwood floors throughout plus first‑floor bedroom and first‑floor full bath
    • Garden‑ready backyard with driveway parking
    • Public utilities: public water and public sewer; natural gas heating

    Overview

    This detached two-family home offers an open living and dining layout with hardwood floors throughout. The configuration includes an eat-in kitchen and additional finished space in the basement. A key convenience is the finished basement’s exterior entrance, which can support flexible day-to-day use or added privacy. Outside, the property includes a large backyard that is ready for gardening and outdoor enjoyment.

    Set on an R2 zoned lot in Flushing, the home is positioned for everyday convenience. Public remarks note proximity to shopping, dining, schools, transportation, and other neighborhood amenities, making it workable for both owner-occupants and rental-focused ownership.

    For tenants and buyers seeking a straightforward income property, the home’s two-family setup and multiple levels provide practical living space. The exterior-access basement adds functional versatility beyond typical interior-only basements. Overall, this is a detached two-family offering with durable interior finishes and outdoor space, supported by a zoning designation of R2 for the lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Flushing
    County
    Queens
    State
    New York
    Longitude
    -73.80989
    Latitude
    40.756414

    Nearby Similar for Sale

    • $1,020,000
      792 SF

      Flushing Union Center Commercial Space

      New Class A commercial development ideal for professional or medical use.
      37-16 Union Street, Flushing, NY 11354
      View Details
    • $5,850,000
      12,000 SF

      Flushing Retail and Office Building

      Prime commercial building in Flushing with retail and office spaces.
      45-16 162ND Street, Flushing, NY 11358
      View Details
    • $1,900,000
      2,200 SF

      Flushing Commercial Condominium For Sale

      2200 Sqft commercial condominium in prime downtown Flushing location.
      38-34 Parsons Boulevard, Flushing, NY 11354
      View Details
    • $1,499,000
      4,662 SF

      Income-Producing Multifamily Property in Flushing

      Detached, well-kept 4-family property near transportation and amenities.
      36-11 Utopia Parkway, Flushing, NY 11358
      View Details
    • $483,800
      415 SF

      Flushing Condo Office For Sale

      Professional office space in central Flushing, convenient to transit.
      13336 41st Road, Flushing, NY 11355
      View Details
    • $9,000,000
      3,895 SF

      Flushing Retail Strip Center For Sale

      Retail strip center with parking and development potential in Flushing.
      16024 Northern Boulevard, Flushing, NY 11358
      View Details
    • $1,899,000

      Office Condominium Suite on 9th Floor

      9B is a 9th-floor office suite at Renaissance Tower, suited for professional uses with elevator service and 24-hour security.
      136-33 37th Avenue, Flushing, NY 11354
      View Details
    • $2,198,000

      9th-Floor Office Condominium Suite

      Office condominium suite in a full-service building with 24-hour security and convenient transit access for staff and clients.
      136-33 37th Avenue, Flushing, NY 11354
      View Details
    • $580,000
      959 SF

      Flushing Community Facility Unit

      959 sqft Community Facility unit in prime Flushing location.
      14024 31st Drive, Flushing, NY 11354
      View Details
    • $1,062,000
      891 SF

      Union Center: Class A Commercial

      New Class A commercial development in Downtown Flushing.
      37-16 Union Street, Flushing, NY 11354
      View Details
    • $580,000

      Medical Office Unit with Private Entrance

      Street-level medical/community facility unit with reception, partitioned rooms, storage, restroom, and elevator access.
      144-77 Barclay Avenue, Flushing, NY 11355
      View Details
    • $1,656,000
      1,381 SF

      Flushing Union Center Commercial Space

      New Class A commercial development, ideal for professional or medical use.
      37-16 Union Street, Flushing, NY 11354
      View Details

    FAQs

    What type of property is this?
    Duplex - Detached two-family residence on an R2 zoned lot with hardwood floors, eat-in kitchen, and a basement with exterior access.
    Where is this duplex located?
    The property is located at 45-11 156 Street Flushing, NY.
    What is the asking price?
    The asking price for this property is $1,380,000.
    What are key features of this property?
    This property features: Detached two‑family home on an R2 zoned lot; Eat‑in kitchen with open living and dining areas; Finished basement with exterior entrance for flexible space
    (917) 941-2685
    We can help!
    Listing Contact
    Doris K. Wong
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    45-11 156 Street, Flushing, NY 11355
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!