Four-Unit Multifamily
New
For Sale
$1,990,000
4550 158th Street, Flushing, NY 11358
Three stories and a finished basement provide multiple levels of living space, with a separate basement entrance.
Property Size3,330 SF
Lot Size0.09 Acres
Price / SF$597.60
Days on Market6
Property Features for 4550 158th Street
General Information
Standard status
Active
Size
3,330 SF
Lot size
0.09 Acres
Property subtype
Residential Income
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$14,407
Amenities
First Floor Bedroom
Building Details
Building Size
3,330 SF
Year Built
1930
Buildings
1
Stories
3
Units
4
Listing Agency:
E Realty International Corp
Listed By:
Xiawei Tang · License #10401286597
(347) 476-5533
Source:
Georgemcknight
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 26 at 4:07AM
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
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Investment Insights
Based on property information with market context.
This four-unit residential property contains approximately 3,330 square feet of interior living area in a three-story building with a finished basement and separate entrance. The lot measures 40' × 100', and the building measures 26' × 54'. Construction dates to 1930.
The property is near Kissena Park, supermarkets, and the Main Street shopping district. Q65, Q26, and Q27 bus service is nearby, with routes connecting to Main Street; Northern Boulevard is a few blocks away.
The property is near Kissena Park, supermarkets, and the Main Street shopping district. Q65, Q26, and Q27 bus service is nearby, with routes connecting to Main Street; Northern Boulevard is a few blocks away.
Key Highlights
- Four‑unit multifamily property
- Approximately 3,330 sq. ft. of interior living space
- 40' × 100' lot with a 26' × 54' building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,400
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Frequently Asked Questions
What type of property is this?
Quadplex - Three stories and a finished basement provide multiple levels of living space, with a separate basement entrance.
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‑unit multifamily property; Approximately 3,330 sq. ft. of interior living space; 40' × 100' lot with a 26' × 54' building
