Two-Dwelling
New
For Sale
$1,388,000
59-18 154th Place, Flushing, NY 11355
A finished basement with separate entrances adds functional space to this two-dwelling property.
Property Size1,815 SF
Price / SF$764.74
Days on Market6
Property Features for 59-18 154th Place
General Information
Standard status
Active
Size
1,815 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$11,035
Amenities
First Floor Bedroom
First Floor Full Bath
Building Details
Building Size
1,815 SF
Year Built
1965
Units
2
Listing Agency:
Winzone Realty Inc
Listed By:
Kok Lim Tsun
(917) 480-1170
Source:
Georgemcknight
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 26 at 3:59AM
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 Winzone Realty Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two legal dwellings and a finished basement with separate entrances. The 1,815-square-foot property was built in 1965.
The property is at 59-18 154th Place in Flushing. Supermarkets, shopping, restaurants, transportation, highways, the subway, and the LIRR are identified as accessible from the property.
The property is at 59-18 154th Place in Flushing. Supermarkets, shopping, restaurants, transportation, highways, the subway, and the LIRR are identified as accessible from the property.
Key Highlights
- Two legal dwellings
- Finished basement with separate entrances
- 1,815 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,367
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$887,340
$887.3K
Cap Rate 7%
$633,814
$633.8K
Cap Rate 9%
$492,967
$493.0K
Market Conditions
NOI Build-Up for 1,815 SF
Gross rent
$83.9K $46.20/SF
− Vacancy
−$3.2K −$1.76/SF
EGI
$80.7K $44.44/SF
− OpEx
−$36.3K −$20.00/SF
NOI
$44.4K $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%
$887,340
Cap Rate 7%
$633,814
Cap Rate 9%
$492,967
Alternative Uses
Best Use
Apartment 5plus
$633.8K
$554.6K – $739.5K
NOI $44,367 @ 7.0% cap · market cap 3.20%
Second Best
Multifamily LT 5
$429.2K
$375.5K – $500.7K
NOI $30,041 @ 7.0% cap · market cap 2.16%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,663 @ 7.0% cap · market cap 6.75%
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
1,270
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 - A finished basement with separate entrances adds functional space to this two-dwelling property.
Where is this duplex located?
The property is located at 59-18 154th Place Flushing, NY.
What is the asking price?
The asking price for this property is $1,388,000.
What are key features of this property?
This property features: Two legal dwellings; Finished basement with separate entrances; 1,815 square feet
