Two-Family Mixed-Use
4698 192ND ST Flushing, NY 11358
4698 192ND ST, Flushing, NY, 11358
$1,850,000
For Sale
$1,850,000
Completely remodeled two-family property with a first-floor beauty salon and two residential units above.
Property Size2,704 SF
Lot Size0.09 Acres
Price / SF$684.17
Days on Market237
Property Features for 4698 192ND ST
General Information
- Standard status
- Active
- Size
- 2,704 SF
- Lot size
- 0.09 Acres
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1970
Listing agency
Jamie Realty Group
(718) 309-2982
Listed by
Xiao Zheng · License #10491212408
(718) 309-2982
Source
Xome
Added: Nov 27, 2025 Updated: Jul 22 at 2:41AM Checked: Jul 22 at 2:41AM
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 Jamie Realty Group
Investment Insights
Based on property information with market context.
Completely remodeled detached two-family mixed-use property offering a combination of professional and residential space. The first floor is set up as a spacious beauty salon, while the second floor features two separate 1-bedroom, 1-bath units, each with a living room and functional kitchen. The building was remodeled approximately three years ago and sits on a 40’ x 100’ lot with a building size of 26.5’ x 52’, zoned R5B. Outdoor space includes a private driveway and backyard, plus a 3-car driveway.
The property is located near shops, restaurants, parks, and schools, with convenient transit access to the Q28 and Q76 bus lines and the Auburndale LIRR station.
For income configuration, the provided rent roll lists $5,000 for the first-floor salon and $2,200 for each of the two second-floor residential units.
The property is located near shops, restaurants, parks, and schools, with convenient transit access to the Q28 and Q76 bus lines and the Auburndale LIRR station.
For income configuration, the provided rent roll lists $5,000 for the first-floor salon and $2,200 for each of the two second-floor residential units.
Key Highlights
- Completely remodeled two‑family mixed‑use property with a first‑floor beauty salon and two 1 bed/1 bath residential units above
- 3 years ago complete remodel; central air cooling
- Zoned R5B on a 40' x 100' lot with a 26.5' x 52' building footprint
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $124.9k | $46.20 |
| − Vacancy | −$4.7k | −$1.76 |
| EGI | $120.2k | $44.44 |
| − OpEx | −$54.1k | −$20.00 |
| NOI | $66.1k | $24.44 |
2,704 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$944.3K
$826.2K – $1.10M
NOI $66,098 @ 7.0% cap · market cap 3.57%
Second Best
Multifamily LT 5
$639.4K
$559.5K – $745.9K
NOI $44,756 @ 7.0% cap · market cap 2.42%
Theoretical Best
Office A
$1.99M
$1.74M – $2.33M
NOI $139,539 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Completely remodeled two-family property with a first-floor beauty salon and two residential units above.
Where is this duplex located?
The property is located at 4698 192ND ST Flushing, NY.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Completely remodeled two‑family mixed‑use property with a first‑floor beauty salon and two 1 bed/1 bath residential units above; 3 years ago complete remodel; central air cooling; Zoned R5B on a 40' x 100' lot with a 26.5' x 52' building footprint
