Two-Family Duplex
For Sale
$1,698,888
46-66 156th Street, Flushing, NY 11355
Two separate apartments include a first-floor unit and an upper residence arranged across two levels.
Property Size2,938 SF
Price / SF$578.25
Days on Market48
Property Features for 46-66 156th Street
General Information
Standard status
Active
Size
2,938 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,843
Amenities
Eat-in Kitchen
Entrance Foyer
Open Kitchen
Master Downstairs
Walk Through Kitchen
Building Details
Building Size
2,938 SF
Year Built
1925
Units
2
Listed By:
Gail Leone
(914) 723-8228
Source:
Clairedleone
Added: Sep 8
Changed: Oct 23
Last Checked: Oct 23 at 8:56AM
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 Gail Leone
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,938-square-foot two-family property, built in 1925, contains a first-floor apartment and an upper duplex. The lower unit has three bedrooms, a full bath, an eat-in kitchen, formal dining room, living room with fireplace, and enclosed porch. The upper residence provides three bedrooms, two full baths, separate living and dining areas, and an eat-in kitchen. A finished basement with its own entrance adds a family room, kitchenette, laundry area, and storage or recreation space.
The property is in Flushing, near shopping, restaurants, schools, parks, public transportation, and major roadways.
The property is in Flushing, near shopping, restaurants, schools, parks, public transportation, and major roadways.
Key Highlights
- 2,938‑square‑foot two‑family property built in 1925
- First‑floor apartment has three bedrooms and one full bathroom
- Upper duplex spans two levels and includes three bedrooms and two full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,818
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,436,360
$1.4M
Cap Rate 7%
$1,025,971
$1.0M
Cap Rate 9%
$797,978
$798.0K
Market Conditions
NOI Build-Up for 2,938 SF
Gross rent
$135.7K $46.20/SF
− Vacancy
−$5.2K −$1.76/SF
EGI
$130.6K $44.44/SF
− OpEx
−$58.8K −$20.00/SF
NOI
$71.8K $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%
$1,436,360
Cap Rate 7%
$1,025,971
Cap Rate 9%
$797,978
Alternative Uses
Best Use
Apartment 5plus
$1.03M
$897.7K – $1.20M
NOI $71,818 @ 7.0% cap · market cap 4.23%
Second Best
Multifamily LT 5
$694.7K
$607.9K – $810.5K
NOI $48,629 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$2.17M
$1.90M – $2.53M
NOI $151,615 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,507
Businesses Nearby
Explore this area
Business Placement
Demographics for 11355, NY
89,465
Population
32,049
Households
2.8
Avg Household Size
44
Median Age
24%
College-Educated
70%
High-School Grad
1.7 sq mi
ZIP Area
52,626
Density / Sq Mi
$53,700
Median Household Income
$31,166
Median Earnings
$1,664
Median Rent
$711,500
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?
Duplex - Two separate apartments include a first-floor unit and an upper residence arranged across two levels.
Where is this duplex located?
The property is located at 46-66 156th Street Flushing, NY.
What is the asking price?
The asking price for this property is $1,698,888.
What are key features of this property?
This property features: 2,938‑square‑foot two‑family property built in 1925; First‑floor apartment has three bedrooms and one full bathroom; Upper duplex spans two levels and includes three bedrooms and two full bathrooms
