Duplex with Finished
New
For Sale
$1,499,999
4539 172nd Street, Flushing, NY 11358
Each residence offers three bedrooms, an eat-in kitchen, formal dining room, and distinct living and family rooms.
Property Size2,548 SF
Lot Size0.08 Acres
Days on Market7
Property Features for 4539 172nd Street
General Information
Standard status
Active
Size
2,548 SF
Total Parking Spaces
6
Lot size
0.08 Acres
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,898
Amenities
in-unit air conditioners
ceiling fans
finished basement
attic storage
Building Details
Building Size
2,548 SF
Year Built
1925
Buildings
1
Listing Agency:
Dakis Homes 4 U LLC
Listed By:
George C. Dakis
(917) 696-5261
Source:
Cottiemaxwellrealestate
Added: Oct 15
Changed: Oct 21
Last Checked: Oct 21 at 2:15AM
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 Dakis Homes 4 U LLC
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Investment Insights
Based on property information with market context.
This duplex, built in 1925, contains two residences with separate addresses. Each has 3 bedrooms, an eat-in kitchen, a formal dining room, a living room, a separate family room, and an updated bathroom. In-unit air conditioners and ceiling fans are included. The finished basement has a separate entrance, while the unfinished attic provides additional storage. Updates include the roof, windows, and heating system.
The property occupies a landscaped 3,600 sq. ft. lot. A detached 2-car garage and a driveway with space for 4 cars provide on-site parking. The two addresses are 45-39 and 45-41 172nd Street in Flushing, New York. The property is near shopping, dining, the LIRR, and bus service.
The property occupies a landscaped 3,600 sq. ft. lot. A detached 2-car garage and a driveway with space for 4 cars provide on-site parking. The two addresses are 45-39 and 45-41 172nd Street in Flushing, New York. The property is near shopping, dining, the LIRR, and bus service.
Key Highlights
- Two residences with separate addresses, each configured with 3 bedrooms
- Finished basement with a separate entrance
- 3,600 sq. ft. landscaped lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,284
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,245,680
$1.2M
Cap Rate 7%
$889,771
$889.8K
Cap Rate 9%
$692,044
$692.0K
Market Conditions
NOI Build-Up for 2,548 SF
Gross rent
$117.7K $46.20/SF
− Vacancy
−$4.5K −$1.76/SF
EGI
$113.2K $44.44/SF
− OpEx
−$51.0K −$20.00/SF
NOI
$62.3K $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%
$1,245,680
Cap Rate 7%
$889,771
Cap Rate 9%
$692,044
Alternative Uses
Best Use
Apartment 5plus
$889.8K
$778.6K – $1.04M
NOI $62,284 @ 7.0% cap · market cap 4.15%
Second Best
Multifamily LT 5
$602.5K
$527.2K – $702.9K
NOI $42,174 @ 7.0% cap · market cap 2.81%
Theoretical Best
Office A
$1.88M
$1.64M – $2.19M
NOI $131,489 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,225
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers three bedrooms, an eat-in kitchen, formal dining room, and distinct living and family rooms.
Where is this duplex located?
The property is located at 4539 172nd Street 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: Two residences with separate addresses, each configured with 3 bedrooms; Finished basement with a separate entrance; 3,600 sq. ft. landscaped lot
