Attached Brick Multifamily
For Sale
$1,780,000
5831 136TH Street, Flushing, NY 11355
Multiple layouts, eat-in kitchens, and a finished lower level add functional flexibility.
Property Size3,465 SF
Lot Size0.07 Acres
Price / SF$513.71
Days on Market156
Property Features for 5831 136TH Street
General Information
Standard status
Active
Size
3,465 SF
Lot size
0.07 Acres
Property subtype
Multi-family
Additional Details
Public Transit
Yes
Building Details
Year Built
1984
Construction
brick
Listing Agency:
Lin Pan Realty Group LLC
Listed By:
Lin Pan
(917) 902-8853
Source:
Cthomeseekers
Added: May 26
Changed: Oct 26
Last Checked: Oct 28 at 8:55AM
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
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Investment Insights
Based on property information with market context.
Built in 1984, this attached brick multifamily property contains approximately 3,465 sq ft of building space on a 2,900 sq ft lot. The interior includes multiple layouts, eat-in kitchen areas, abundant natural light, and a finished lower level that can accommodate storage, recreation, or other permitted uses. The property is being sold as is.
The property is located in Flushing near shopping, restaurants, schools, parks, and public transportation. Its Queens setting places everyday services and transit options within the surrounding area.
The property is located in Flushing near shopping, restaurants, schools, parks, and public transportation. Its Queens setting places everyday services and transit options within the surrounding area.
Key Highlights
- Approximately 3,465 sq ft of building space
- 2,900 sq ft lot
- Attached brick multifamily property built in 1984
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,700
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
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
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 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
—
—
no second resolved use
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.
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Property Analytics
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Open Analytics
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
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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?
Multifamily property - Multiple layouts, eat-in kitchens, and a finished lower level add functional flexibility.
Where is this multifamily property 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: Approximately 3,465 sq ft of building space; 2,900 sq ft lot; Attached brick multifamily property built in 1984
