Brick Quadplex With Finished Lower
For Sale
$1,780,000
5831 136th Street, Flushing, NY 11355
Attached brick construction includes multiple layouts and a finished lower level.
Property Size3,465 SF
Price / SF$513.71
Days on Market94
Property Features for 5831 136th Street
General Information
Standard status
Active
Size
3,465 SF
Property subtype
Quadruplex
Taxes and HOA fees
Annual Taxes
$42,745
Building Details
Building Size
3,465 SF
Year Built
1984
Listing Agency:
Lin Pan Realty Group LLC
Listed By:
Lin Pan
(917) 902-8853
Source:
Cbwarburg
Added: Jun 1
Changed: Sep 1
Last Checked: Sep 1 at 10:23PM
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 Lin Pan Realty Group LLC
Investment Insights
Based on property information with market context.
This attached brick quadplex was built in 1984 and contains approximately 3,465 square feet on a 2,900-square-foot lot. The property includes multiple residential layouts, eat-in kitchen areas, and a finished lower level that adds usable interior space for storage, recreation, or other permitted purposes. The building is being sold as is.
The property is near shopping, restaurants, schools, parks, and public transportation in Flushing, Queens. Its configuration and existing lower-level finish provide a range of functional spaces within the building.
The property is near shopping, restaurants, schools, parks, and public transportation in Flushing, Queens. Its configuration and existing lower-level finish provide a range of functional spaces within the building.
Key Highlights
- Quadplex with approximately 3,465 square feet of building space
- Situated on a 2,900‑square‑foot lot
- Attached brick construction built in 1984
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
$84,700
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
4.76%
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%
$1,694,000
$1.7M
Cap Rate 7%
$1,210,000
$1.2M
Cap Rate 9%
$941,111
$941.1K
Market Conditions
NOI Build-Up for 3,465 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
$160.1K $46.20/SF
− Vacancy
−$6.1K −$1.76/SF
EGI
$154.0K $44.44/SF
− OpEx
−$69.3K −$20.00/SF
NOI
$84.7K $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%
$1,694,000
Cap Rate 7%
$1,210,000
Cap Rate 9%
$941,111
Alternative Uses
Best Use
Apartment 5plus
$1.21M
$1.06M – $1.41M
NOI $84,700 @ 7.0% cap · market cap 4.76%
Second Best
Multifamily LT 5
$819.3K
$716.9K – $955.9K
NOI $57,351 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$2.55M
$2.24M – $2.98M
NOI $178,811 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,132
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Attached brick construction includes multiple layouts and a finished lower level.
Where is this quadplex located?
The property is located at 5831 136th Street Flushing, NY.
What is the asking price?
The asking price for this property is $1,780,000.
What are key features of this property?
This property features: Quadplex with approximately 3,465 square feet of building space; Situated on a 2,900‑square‑foot lot; Attached brick construction built in 1984
