47-28 Parsons Boulevard Flushing, NY 11355
MULTI_FAMILY - Flushing, NY
- Added:
- Jul 10, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 12 at 2:06 pm
Property Features for 47-28 Parsons Boulevard
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Garage
- Exterior features
- Awning(s), Balcony, Lighting
- Standard status
- Active
- APN
- 05221-0019
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 14998
Utilities
- Utilities
- Water Available
- Sewer type
- Public Sewer
- Heating system
- Steam
- Water source
- Public
Building Details
- Year built
- 1965
- Number of units
- 2
- Building materials
- Brick
Listing agent Chuan Wang Chen (347) 755-9735
Listing office E Realty International Corp 3907 Prince St Ste 4D, Flushing, NY (718) 886-8110
Listing date Jul 10, 2026
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.
Located in Flushing, Queens, the property is near the Murray Hill LIRR Station and convenient to public transportation and supermarkets, with Downtown Flushing (Main Street) nearby.
For sale as a multi-floor mixed-use property with current in-place occupancy and 2024 updates to the upper-level living spaces. Annual property taxes are listed at $14,998.
Key Highlights
- Corner, oversized brick mixed‑use 2‑family and office home in downtown Flushing
- 33' x 112' lot with a 22' x 52' building and approximately 3,492 sq ft of living space
- Updated kitchens and bathrooms on the 2nd and 3rd floors, renovated in 2024
Local Financial Insights For Office B
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 | $176.0k | $50.40 |
| − Vacancy | −$22.7k | −$6.50 |
| EGI | $153.3k | $43.90 |
| − OpEx | −$38.3k | −$10.97 |
| NOI | $115.0k | $32.92 |
