4-Unit Property with Finished
For Sale
$2,080,000
4550 158th Street, Flushing, NY 11358
Three-story layout includes a finished basement with separate entrance and flexible living areas.
Property Size3,330 SF
Lot Size0.09 Acres
Price / SF$624.62
Days on Market81
Property Features for 4550 158th Street
General Information
Standard status
Active
Size
3,330 SF
Lot size
0.09 Acres
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$14,407
Building Details
Building Size
3,330 SF
Year Built
1930
Buildings
1
Stories
3
Units
4
Listing Agency:
E Realty International Corp
(347) 476-5533
Listed By:
Xiawei Tang · License #10401286597
(347) 476-5533
Source:
Mahlerrealty
Added: Jun 10
Changed: Aug 28
Last Checked: Aug 29 at 10:22AM
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 E Realty International Corp
Investment Insights
Based on property information with market context.
This four-family property occupies a 40' × 100' lot and contains approximately 3,330 square feet of interior living space. The 26' × 54' building rises three stories and includes a finished basement with its own entrance, creating additional separation within the layout. An oversized driveway provides on-site parking area.
The property is positioned near Kissena Park, supermarkets, and the Main Street shopping district. Bus service includes the Q65, Q26, and Q27 routes, with connections to Main Street, while Northern Boulevard is a few blocks away. Built in 1930, the building offers a multi-unit residential configuration in Flushing.
The property is positioned near Kissena Park, supermarkets, and the Main Street shopping district. Bus service includes the Q65, Q26, and Q27 routes, with connections to Main Street, while Northern Boulevard is a few blocks away. Built in 1930, the building offers a multi-unit residential configuration in Flushing.
Key Highlights
- Four‑family configuration in a 26' × 54' building
- Approximately 3,330 sq. ft. of interior living space
- 40' × 100' lot with an oversized driveway
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$81,400
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,628,000
$1.6M
Cap Rate 7%
$1,162,857
$1.2M
Cap Rate 9%
$904,444
$904.4K
Market Conditions
NOI Build-Up for 3,330 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$153.8K $46.20/SF
− Vacancy
−$5.8K −$1.76/SF
EGI
$148.0K $44.44/SF
− OpEx
−$66.6K −$20.00/SF
NOI
$81.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,628,000
Cap Rate 7%
$1,162,857
Cap Rate 9%
$904,444
Alternative Uses
Best Use
Apartment 5plus
$1.16M
$1.02M – $1.36M
NOI $81,400 @ 7.0% cap · market cap 3.91%
Second Best
Multifamily LT 5
$787.4K
$689.0K – $918.6K
NOI $55,117 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$2.45M
$2.15M – $2.86M
NOI $171,844 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,736
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Three-story layout includes a finished basement with separate entrance and flexible living areas.
Where is this quadplex located?
The property is located at 4550 158th Street Flushing, NY.
What is the asking price?
The asking price for this property is $2,080,000.
What are key features of this property?
This property features: Four‑family configuration in a 26' × 54' building; Approximately 3,330 sq. ft. of interior living space; 40' × 100' lot with an oversized driveway
