Brick Two-Family
For Sale
$1,990,000
Pending
45-44 E 189 Street, Flushing, NY 11358
A finished basement with an exterior entrance connects to the first-floor unit.
Property Size4,170 SF
Days on Market9
Property Features for 45-44 E 189 Street
General Information
Standard status
Pending
Size
4,170 SF
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$11,224
Amenities
Finished
Hardwood
4
Yes
6
Bay Window(s),Casement
First Floor Bedroom,First Floor Full Bath,Breakfast Bar,Chandelier,Eat-in Kitchen,Entrance Foyer,Galley Type Kitchen,Granite Counters,Primary Bathroom,Open Floorplan,Open Kitchen,Recessed Lighting
1
Living Room
First Floor Bedroom,First Floor Full Bath,Breakfast Bar,Chandelier,Eat-in Kitchen,Entrance Foyer,Galley Type Kitchen,Granite Counters,Primary Bathroom,Open Floorplan,Open Kitchen,Recessed Lighting,Wa
No
Public
5
Balcony
Concrete Perimeter
4170
Building Details
Building Size
4,170 SF
Year Built
2015
Buildings
1
Construction
brick
Listing Agency:
Good Choice Realty & Mgmt Corp
(516) 703-2918
Listed By:
Amandeep Kakar
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 4:21PM
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 Good Choice Realty & Mgmt Corp
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2015 brick duplex contains two family units. The basement is finished, has an exterior entrance and multiple windows, and also connects to the first-floor unit. Interior features include hardwood flooring, bay and casement windows, granite counters, and an open kitchen. Sliding glass doors lead to a small backyard deck, and a large stone porch fronts the property.
The property is two blocks from the Q27 bus, which runs to Main Street and the #7 subway, and three blocks from Northern Boulevard. Kissena Park Golf Course and Auburndale train station are each about a mile away.
The property is two blocks from the Q27 bus, which runs to Main Street and the #7 subway, and three blocks from Northern Boulevard. Kissena Park Golf Course and Auburndale train station are each about a mile away.
Key Highlights
- Two‑family brick duplex built in 2015
- Finished basement has an exterior entrance and connects with the first‑floor unit
- Two blocks to the Q27 bus to Main Street and the #7 subway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,933
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,038,660
$2.0M
Cap Rate 7%
$1,456,186
$1.5M
Cap Rate 9%
$1,132,589
$1.1M
Market Conditions
NOI Build-Up for 4,170 SF
Gross rent
$192.7K $46.20/SF
− Vacancy
−$7.3K −$1.76/SF
EGI
$185.3K $44.44/SF
− OpEx
−$83.4K −$20.00/SF
NOI
$101.9K $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%
$2,038,660
Cap Rate 7%
$1,456,186
Cap Rate 9%
$1,132,589
Alternative Uses
Best Use
Apartment 5plus
$1.46M
$1.27M – $1.70M
NOI $101,933 @ 7.0% cap · market cap 5.12%
Second Best
Multifamily LT 5
$986.0K
$862.8K – $1.15M
NOI $69,020 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$3.07M
$2.69M – $3.59M
NOI $215,192 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
806
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
Frequently Asked Questions
What type of property is this?
Duplex - A finished basement with an exterior entrance connects to the first-floor unit.
Where is this duplex located?
The property is located at 45-44 E 189 Street Flushing, NY.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: Two‑family brick duplex built in 2015; Finished basement has an exterior entrance and connects with the first‑floor unit; Two blocks to the Q27 bus to Main Street and the #7 subway
