Brick Two-Family
57-03 157th Street #A & B, Flushing, NY 11355
For Sale
New
$1,699,000
A separate-entry apartment and finished lower level complement the primary two-level residence.
Property Size2,541 SF
Price / SF$668.63
Days on Market2
Property Features for 57-03 157th Street #A & B
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Road Access
Public Transit
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Taxes and HOA fees
Annual Taxes
Amenities
private balcony
Building Details
Building Size
Year Built
Buildings
Units
Construction
Listing Agency:
Winzone Realty Inc
Listed By:
Jun Hua Xu
(718) 666-1778
Source:
Georgemcknight
Added: Nov 8
Last Checked: Nov 9 at 1:51AM
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 2004, this brick, semi-detached duplex contains two separate residences. The main unit spans two floors, with a living room, dining area, open kitchen, powder room, three bedrooms, two full bathrooms, a walk-in closet, dedicated storage, and a private balcony. The second residence has its own entrance, living and dining areas, an open kitchen, one bedroom, and a full bathroom. A finished lower level with high ceilings, a half bath, and an independent exterior entrance adds additional interior space.
The property measures 2,541 square feet and sits across from Kissena Park. Two gas meters and three electricity meters serve the home, which has gas cooking and heating. Two parking spaces are included, and local bus service is nearby.
The property measures 2,541 square feet and sits across from Kissena Park. Two gas meters and three electricity meters serve the home, which has gas cooking and heating. Two parking spaces are included, and local bus service is nearby.
Key Highlights
- Two‑family brick duplex built in 2004
- 2,541‑square‑foot property
- Main residence has three bedrooms, two full bathrooms, and a private balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,790
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,255,800
$1.3M
Cap Rate 7%
$897,000
$897.0K
Cap Rate 9%
$697,667
$697.7K
Market Conditions
NOI Build-Up for 2,541 SF
Gross rent
$97.6K $38.40/SF
− Vacancy
−$7.9K −$3.10/SF
EGI
$89.7K $35.30/SF
− OpEx
−$26.9K −$10.59/SF
NOI
$62.8K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,255,800
Cap Rate 7%
$897,000
Cap Rate 9%
$697,667
Alternative Uses
Best Use
Multifamily LT 5
$897.0K
$784.9K – $1.05M
NOI $62,790 @ 7.0% cap · market cap 3.70%
Second Best
Apartment 5plus
$887.3K
$776.4K – $1.04M
NOI $62,113 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$1.87M
$1.64M – $2.19M
NOI $131,128 @ 7.0% cap · market cap 7.72%
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
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,184
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
Properties on Market for Duplexes in Flushing
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A separate-entry apartment and finished lower level complement the primary two-level residence.
Where is this duplex located?
The property is located at 57-03 157th Street #A & B Flushing, NY.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Two‑family brick duplex built in 2004; 2,541‑square‑foot property; Main residence has three bedrooms, two full bathrooms, and a private balcony
