Two-Family Duplex with Finished
New
For Sale
$1,600,000
5710 138th Street, Flushing, NY 11355
Semi-detached two-family property with a finished basement and refreshed second-floor kitchen and bathroom.
Property Size2,244 SF
Days on Market3
Property Features for 5710 138th Street
General Information
Standard status
Active
Size
2,244 SF
Total Parking Spaces
2
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$12,803
Building Details
Building Size
2,244 SF
Year Built
1998
Listing Agency:
Voro LLC
Listed By:
Chau Sum Lau
(877) 943-8676
Source:
Barbieliteam
Added: Sep 11
Changed: Sep 13
Last Checked: Sep 13 at 2:52PM
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 Voro LLC
Investment Insights
Based on property information with market context.
This semi-detached duplex is configured as a two-family home with 4 bedrooms and 2.5 bathrooms. The property includes a finished basement, while the second-floor unit has new kitchen cabinets and a renovated bathroom. Two-car parking is also provided.
The property is approximately 2 minutes from Main St and is close to supermarkets, bus service, and major highways. Built in 1998, the home offers a defined two-unit layout with residential income property characteristics.
The property is approximately 2 minutes from Main St and is close to supermarkets, bus service, and major highways. Built in 1998, the home offers a defined two-unit layout with residential income property characteristics.
Key Highlights
- Two‑family duplex with 4 bedrooms and 2.5 bathrooms
- Finished basement included
- Second‑floor unit has new kitchen cabinets and a renovated bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$54,853
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,097,060
$1.1M
Cap Rate 7%
$783,614
$783.6K
Cap Rate 9%
$609,478
$609.5K
Market Conditions
NOI Build-Up for 2,244 SF
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.
Gross rent
$103.7K $46.20/SF
− Vacancy
−$3.9K −$1.76/SF
EGI
$99.7K $44.44/SF
− OpEx
−$44.9K −$20.00/SF
NOI
$54.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,097,060
Cap Rate 7%
$783,614
Cap Rate 9%
$609,478
Alternative Uses
Best Use
Apartment 5plus
$783.6K
$685.7K – $914.2K
NOI $54,853 @ 7.0% cap · market cap 3.43%
Second Best
Multifamily LT 5
$530.6K
$464.3K – $619.0K
NOI $37,142 @ 7.0% cap · market cap 2.32%
Theoretical Best
Office A
$1.65M
$1.45M – $1.93M
NOI $115,801 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,359
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Semi-detached two-family property with a finished basement and refreshed second-floor kitchen and bathroom.
Where is this duplex located?
The property is located at 5710 138th Street Flushing, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Two‑family duplex with 4 bedrooms and 2.5 bathrooms; Finished basement included; Second‑floor unit has new kitchen cabinets and a renovated bathroom
