Four-Family Property with
For Sale
$1,990,000
4550 158th Street, Flushing, NY 11358
Residential Income, Flushing, NY
Property Size3,330 SF
Lot Size0.09 Acres
Price / SF$597.60
Days on Market93
Property Features for 4550 158th Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
7
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 2, Bedroom 7, Bathroom 3, Bedroom 4, Bedroom 3, Bathroom 4, Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 5, Bathroom 5, Bedroom 6, Bathroom 6
Parking features
Garage
Interior features
First Floor Bedroom
Basement
Finished
Elementary school
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Middle school
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High school
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Elementary school district
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Middle school district
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High school district
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Standard status
Active
APN
05436-0070
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
14407
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1930
Number of units
4
Building materials
Stucco
Listing Agency:
E Realty International Corp
(718) 886-8110
Listed By:
Xiawei Tang · License #10401286597
(347) 476-5533
Added: Jun 10
Changed: Sep 6
Last Checked: Sep 10 at 1:06PM
MLS# 1011649
Copyright © 2026 OneKey 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.
This four-family property occupies a 40' by 100' lot and includes approximately 3,330 square feet of interior living space. The 26' by 54' building rises three stories above a finished basement with its own entrance, creating a substantial residential configuration. A first-floor bedroom, multiple bathrooms, stucco construction, and garage parking are among the documented features. Heating is provided by hot water and natural gas, while cooling is handled through wall or window units.
The property is near Kissena Park, supermarkets, and the Main Street shopping district. Q65, Q26, and Q27 bus routes provide connections to Main Street, and Northern Boulevard is a few blocks away. Public water and public sewer serve the property.
The property is near Kissena Park, supermarkets, and the Main Street shopping district. Q65, Q26, and Q27 bus routes provide connections to Main Street, and Northern Boulevard is a few blocks away. Public water and public sewer serve the property.
Key Highlights
- Four‑family property on a 40' * 100' lot
- Approximately 3,330 sq. ft. of interior living space
- 26' * 54' building with three stories
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
4.09%
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 4.09%
Second Best
Multifamily LT 5
$787.4K
$689.0K – $918.6K
NOI $55,117 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$2.45M
$2.15M – $2.86M
NOI $171,844 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Paved road access
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
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?
Quadplex - Three-story layout includes a finished basement with separate entry and garage parking.
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 $1,990,000.
What are key features of this property?
This property features: Four‑family property on a 40' * 100' lot; Approximately 3,330 sq. ft. of interior living space; 26' * 54' building with three stories
