Duplex with Walk-Up
For Sale
$1,398,000
Pending
4539 171st Place, Flushing, NY 11358
Updated interiors feature hardwood flooring, modernized kitchens and baths, and new heating systems.
Property Size2,340 SF
Days on Market9
Property Features for 4539 171st Place
General Information
Standard status
Pending
Size
2,340 SF
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,305
Amenities
Finished,Full,Walk-Out Access
Hardwood
4
Yes
5
Aluminum Frames
First Floor Bedroom,Eat-in Kitchen,ENERGY STAR Qualified Door(s),Entrance Foyer,Primary Bathroom,Master Downstairs,Quartz/Quartzite Counters
Finished, Full, Walk-Out Access
Fenced
Public
No
2340
Building Details
Building Size
2,340 SF
Year Built
1925
Listing Agency:
(516) 703-2918
Listed By:
Michael Giordano
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 3:12PM
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 Michael Giordano
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Investment Insights
Based on property information with market context.
This duplex contains two residential units within approximately 2,340 square feet of building area. The 40-by-71.25-foot lot includes a basement with a separate entrance and a full walk-up attic. Improvements include a stucco exterior, replacement windows, hardwood floors, updated kitchens and bathrooms with stainless steel appliances, and new heating systems. The property was built in 1925.
Shopping, schools, and transportation are nearby, with the Q58 and Q72 bus lines about half a block away.
Shopping, schools, and transportation are nearby, with the Q58 and Q72 bus lines about half a block away.
Key Highlights
- Two residential units in approximately 2,340 square feet of building area
- 40' x 71.25' lot
- Basement with separate entrance and full walk‑up attic
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,200
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,144,000
$1.1M
Cap Rate 7%
$817,143
$817.1K
Cap Rate 9%
$635,556
$635.6K
Market Conditions
NOI Build-Up for 2,340 SF
Gross rent
$108.1K $46.20/SF
− Vacancy
−$4.1K −$1.76/SF
EGI
$104.0K $44.44/SF
− OpEx
−$46.8K −$20.00/SF
NOI
$57.2K $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%
$1,144,000
Cap Rate 7%
$817,143
Cap Rate 9%
$635,556
Alternative Uses
Best Use
Apartment 5plus
$817.1K
$715.0K – $953.3K
NOI $57,200 @ 7.0% cap · market cap 4.09%
Second Best
Multifamily LT 5
$553.3K
$484.1K – $645.5K
NOI $38,731 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$1.73M
$1.51M – $2.01M
NOI $120,755 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Updated interiors feature hardwood flooring, modernized kitchens and baths, and new heating systems.
Where is this duplex located?
The property is located at 4539 171st Place Flushing, NY.
What is the asking price?
The asking price for this property is $1,398,000.
What are key features of this property?
This property features: Two residential units in approximately 2,340 square feet of building area; 40' x 71.25' lot; Basement with separate entrance and full walk‑up attic
