Vacant Two-Family
New
For Sale
$1,499,999
45-39/41 172nd, Flushing, NY 11358
Residential Income, Flushing, NY
Property Size4,000 SF
Lot Size0.08 Acres
Price / SF$374
Days on Market3
Property Features for 45-39/41 172nd
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi-Family
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 2, Bedroom 3
Parking features
Driveway
Interior features
Entrance Foyer
Fencing
Fenced
Subdivision
Flushing
High school district
NEW YORK CITY GEOGRAPHIC DISTRICT #25
Standard status
Active
Size
4,000 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
9000
Utilities
Heating system
Steam, Oil
Water source
Public
Building Details
Year built
1922
Floors in Building
3
Flooring type
Hardwood, Tile
Building materials
Masonite, Aluminum
Roof type
Asphalt
Listing Agency:
Dakis Homes4U Realty
(917) 696-5261
Listed By:
George Dakis
(888) 754-9332
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 14 at 1:06AM
MLS# 12024356
Copyright © 2026 My State 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.
Built in 1922, this duplex is a legal two-family residence with six bedrooms and an entrance foyer. Interior finishes include hardwood and tile flooring, with steam heat fueled by oil. The property also has a fenced lot and a driveway for parking.
The parcel measures 0.0826 acres. The home is delivered vacant.
The parcel measures 0.0826 acres. The home is delivered vacant.
Key Highlights
- Legal two‑family property with six bedrooms
- Vacant delivery
- 0.0826‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,778
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,955,560
$2.0M
Cap Rate 7%
$1,396,829
$1.4M
Cap Rate 9%
$1,086,422
$1.1M
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$184.8K $46.20/SF
− Vacancy
−$7.0K −$1.76/SF
EGI
$177.8K $44.44/SF
− OpEx
−$80.0K −$20.00/SF
NOI
$97.8K $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%
$1,955,560
Cap Rate 7%
$1,396,829
Cap Rate 9%
$1,086,422
Alternative Uses
Best Use
Apartment 5plus
$1.40M
$1.22M – $1.63M
NOI $97,778 @ 7.0% cap · market cap 6.52%
Second Best
Multifamily LT 5
$945.8K
$827.6K – $1.10M
NOI $66,206 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$2.95M
$2.58M – $3.44M
NOI $206,419 @ 7.0% cap · market cap 13.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,225
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 - The six-bedroom property is legally configured for two households and is delivered vacant.
Where is this duplex located?
The property is located at 45-39/41 172nd Flushing, NY.
What is the asking price?
The asking price for this property is $1,499,999.
What are key features of this property?
This property features: Legal two‑family property with six bedrooms; Vacant delivery; 0.0826‑acre lot
