Duplex with Interior
New
For Sale
$1,198,000
4735 196th Place, Flushing, NY 11358
Two living units each provide two bedrooms and a full bathroom, with a separate side entrance serving the upper unit.
Property Size1,487 SF
Price / SF$805.65
Days on Market4
Property Features for 4735 196th Place
General Information
Standard status
Active
Size
1,487 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$13,450
Amenities
Full,Unfinished
Hardwood
2
Yes
4
First Floor Bedroom,First Floor Full Bath
1
Full, Unfinished
Living Room
Back Yard
Public
No
Detached, Driveway, Garage
1487
Building Details
Building Size
1,487 SF
Year Built
1940
Buildings
1
Listing Agency:
(516) 703-2918
Listed By:
Louis LaDonna
Source:
Hedgestonehomes
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 3:52PM
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 Louis LaDonna
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Investment Insights
Based on property information with market context.
This 1940-built duplex contains two residential units, each configured with two bedrooms and one full bathroom. The first-floor unit has an eat-in kitchen, living room with a fireplace, formal dining room, hardwood floors, and central air. Upstairs, the kitchen opens to a combined living and dining area, with hardwood floors and a separate side entrance. An interior staircase connects the floors and allows for a single-family configuration.
The basement is unfinished and includes laundry and utility areas. The roof was replaced in July 2025, and the gas heating system was replaced in March 2026. The property is in the Auburndale section of Flushing, within School District 26, and near schools, parks, shopping, and transportation.
The basement is unfinished and includes laundry and utility areas. The roof was replaced in July 2025, and the gas heating system was replaced in March 2026. The property is in the Auburndale section of Flushing, within School District 26, and near schools, parks, shopping, and transportation.
Key Highlights
- Two units, each with 2 bedrooms and 1 full bathroom
- Interior staircase connects the units and supports a single‑family configuration
- First‑floor unit includes a fireplace, formal dining room, and central air
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,349
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$726,980
$727.0K
Cap Rate 7%
$519,271
$519.3K
Cap Rate 9%
$403,878
$403.9K
Market Conditions
NOI Build-Up for 1,487 SF
Gross rent
$68.7K $46.20/SF
− Vacancy
−$2.6K −$1.76/SF
EGI
$66.1K $44.44/SF
− OpEx
−$29.7K −$20.00/SF
NOI
$36.3K $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%
$726,980
Cap Rate 7%
$519,271
Cap Rate 9%
$403,878
Alternative Uses
Best Use
Apartment 5plus
$519.3K
$454.4K – $605.8K
NOI $36,349 @ 7.0% cap · market cap 3.03%
Second Best
Multifamily LT 5
$351.6K
$307.7K – $410.2K
NOI $24,612 @ 7.0% cap · market cap 2.05%
Theoretical Best
Office A
$1.10M
$959.2K – $1.28M
NOI $76,736 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,382
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two living units each provide two bedrooms and a full bathroom, with a separate side entrance serving the upper unit.
Where is this duplex located?
The property is located at 4735 196th Place Flushing, NY.
What is the asking price?
The asking price for this property is $1,198,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 full bathroom; Interior staircase connects the units and supports a single‑family configuration; First‑floor unit includes a fireplace, formal dining room, and central air
