Brick Quadplex with Finished Lower
For Sale
$1,780,000
5831 136th Street, Flushing, NY 11355
Residential Income, Flushing, NY
Property Size3,465 SF
Lot Size0.07 Acres
Price / SF$513.71
Days on Market94
Property Features for 5831 136th Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
10
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 8, Bedroom 9, Bathroom 2, Bedroom 6, Bedroom 5, Bathroom 5, Bathroom 3, Bedroom 1, Bedroom 4, Bedroom 7, Bedroom 2, Bedroom 10, Bathroom 1, Basement, Bathroom 4, Bedroom 3
Parking features
Off Street, Garage, On Street
Interior features
First Floor Bedroom, First Floor Full Bath, Open Kitchen, Pantry, Primary Bathroom, Master Downstairs, Storage, Walk Through Kitchen
Basement
Finished, Walk-Out Access
Elementary school
Ps 120
Middle school
Is 237
High school
John Bowne High School
Elementary school district
Queens 25
Middle school district
Queens 25
High school district
Queens 25
Standard status
Active
APN
06374-0003
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
42745
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1984
Number of units
4
Building materials
Brick
Additional Structures
Storage
Listing Agency:
Lin Pan Realty Group LLC
(516) 693-9888
Listed By:
Lin Pan
(917) 902-8853
Added: May 29
Changed: Aug 30
Last Checked: Aug 30 at 3:06PM
MLS# 1007395
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1984, this attached brick quadplex contains approximately 3,465 square feet on a 2,900-square-foot lot. The property includes multiple residential layouts, eat-in kitchen areas, first-floor bedroom and full-bath features, storage, and a finished lower level. Public water and public sewer serve the building, with natural-gas heating and wall or window unit cooling. Parking options include a garage, off-street spaces, and on-street parking. The property is being sold as is.
The address is in Flushing, Queens, near shopping, restaurants, schools, parks, and public transportation. Interior features include open and walk-through kitchen configurations, a pantry, primary bathroom, and additional bedrooms and bathrooms throughout the residence. The finished lower level provides additional interior area for storage, recreation, or other permitted uses.
The address is in Flushing, Queens, near shopping, restaurants, schools, parks, and public transportation. Interior features include open and walk-through kitchen configurations, a pantry, primary bathroom, and additional bedrooms and bathrooms throughout the residence. The finished lower level provides additional interior area for storage, recreation, or other permitted uses.
Key Highlights
- Approximately 3,465 square feet on a 2,900‑square‑foot lot
- Attached brick quadplex built in 1984
- Finished lower level with storage, recreation, or other permitted uses
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 multifamily property with multiple layouts, off-street parking, and convenient access to shopping, dining, schools, parks, and public transportation.
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: Approximately 3,465 square feet on a 2,900‑square‑foot lot; Attached brick quadplex built in 1984; Finished lower level with storage, recreation, or other permitted uses
