Renovated Brick
For Sale
$1,250,000
54-14 152nd Street, Flushing, NY 11355
Two dwelling units provide residential flexibility, with bus service immediately outside.
Property Size1,718 SF
Price / SF$694.44
Days on Market8
Property Features for 54-14 152nd Street
General Information
Standard status
Active
Size
1,718 SF
Property subtype
Duplex
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,322
Building Details
Building Size
1,718 SF
Year Built
1955
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Winzone Realty Inc
Listed By:
Lawrence Gao · License #10401301792
(917) 669-7778
Source:
Barbieliteam
Added: Oct 21
Changed: Oct 25
Last Checked: Oct 26 at 10:37PM
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 Winzone Realty Inc
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Investment Insights
Based on property information with market context.
Built in 1955, this brick duplex contains two dwellings, each with approximately 900 square feet per floor. Both floors were renovated approximately two years ago. The property has no basement, and its layout supports separate living arrangements across the two residences.
In Flushing, the property is a few minutes from supermarkets, schools, parks, restaurants, and other everyday amenities. Bus service is available directly outside, with connections to public transportation and surrounding areas.
In Flushing, the property is a few minutes from supermarkets, schools, parks, restaurants, and other everyday amenities. Bus service is available directly outside, with connections to public transportation and surrounding areas.
Key Highlights
- Two brick dwellings, each with approximately 900 sq. ft. per floor
- Both floors renovated approximately two years ago
- Built in 1955; no basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,000
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$880,000
$880.0K
Cap Rate 7%
$628,571
$628.6K
Cap Rate 9%
$488,889
$488.9K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$83.2K $46.20/SF
− Vacancy
−$3.2K −$1.76/SF
EGI
$80.0K $44.44/SF
− OpEx
−$36.0K −$20.00/SF
NOI
$44.0K $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%
$880,000
Cap Rate 7%
$628,571
Cap Rate 9%
$488,889
Alternative Uses
Best Use
Apartment 5plus
$628.6K
$550.0K – $733.3K
NOI $44,000 @ 7.0% cap · market cap 3.52%
Second Best
Multifamily LT 5
$425.6K
$372.4K – $496.6K
NOI $29,793 @ 7.0% cap · market cap 2.38%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,889 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,280
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two dwelling units provide residential flexibility, with bus service immediately outside.
Where is this duplex located?
The property is located at 54-14 152nd Street Flushing, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Two brick dwellings, each with approximately 900 sq. ft. per floor; Both floors renovated approximately two years ago; Built in 1955; no basement
