Two-Family Duplex with Finished
For Sale
$1,600,000
Pending
5710 138th Street, Flushing, NY 11355
The upper residence has updated kitchen cabinetry and a renovated bathroom, alongside a finished basement and driveway parking.
Property Size2,244 SF
Days on Market9
Property Features for 5710 138th Street
General Information
Standard status
Pending
Size
2,244 SF
Total Parking Spaces
2
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$12,803
Amenities
Finished,Walk-Out Access
4
Yes
Eat-in Kitchen
Finished, Walk-Out Access
Public
2
No
Driveway
2244
Building Details
Building Size
2,244 SF
Year Built
1998
Listing Agency:
Voro LLC
(516) 703-2918
Listed By:
Donna Francavilla
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 29
Last Checked: Oct 28 at 9:18AM
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
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Investment Insights
Based on property information with market context.
This semi-detached duplex contains two residences, with a total of four bedrooms and 2.5 bathrooms. A finished, walk-out basement adds usable interior space. The second-floor unit has new kitchen cabinets and a renovated bathroom, and driveway parking accommodates two cars.
The property is approximately two minutes from Main Street, with supermarkets, bus service and major highways nearby. Built in 1998, it is located at 5710 138th Street in Flushing.
The property is approximately two minutes from Main Street, with supermarkets, bus service and major highways nearby. Built in 1998, it is located at 5710 138th Street in Flushing.
Key Highlights
- Two‑family, semi‑detached home with 4 bedrooms and 2.5 bathrooms
- Finished basement with walk‑out access
- Second‑floor unit has new kitchen cabinets and a renovated bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,853
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
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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 - The upper residence has updated kitchen cabinetry and a renovated bathroom, alongside a finished basement and driveway parking.
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, semi‑detached home with 4 bedrooms and 2.5 bathrooms; Finished basement with walk‑out access; Second‑floor unit has new kitchen cabinets and a renovated bathroom
