Duplex with Finished
For Sale
$1,100,000
7012 141st Street, Flushing, NY 11367
Two two-bedroom, one-bath units accompany a finished full basement with a separate entrance.
Property Size1,700 SF
Days on Market51
Property Features for 7012 141st Street
General Information
Standard status
Active
Size
1,700 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,521
Building Details
Building Size
1,700 SF
Year Built
1950
Listing Agency:
YourHomeSold Guaranteed Realty
Listed By:
Ishwar Rameshar
(914) 410-1839
Source:
Barbieliteam
Added: Sep 15
Changed: Oct 31
Last Checked: Nov 3 at 12:46PM
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 YourHomeSold Guaranteed Realty
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Investment Insights
Based on property information with market context.
Built in 1950, this duplex includes two bedrooms and one bath on each of its two levels, along with a finished full basement. The lower-level space has a separate entrance, adding flexibility to the property’s layout. The asset may be transferred with tenants in place or delivered vacant, accommodating different ownership plans.
The property is in Flushing’s Kew Gardens Hills area, near transportation, shopping, dining, Queens College, Kissena Park, houses of worship, and major roadways. Its residential configuration and basement improvements create a clearly defined multifamily offering with options for continued occupancy or owner use.
The property is in Flushing’s Kew Gardens Hills area, near transportation, shopping, dining, Queens College, Kissena Park, houses of worship, and major roadways. Its residential configuration and basement improvements create a clearly defined multifamily offering with options for continued occupancy or owner use.
Key Highlights
- Duplex with two bedrooms and one bath on each level
- Finished full basement with a separate entrance
- May be sold with tenants in place or delivered vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,556
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$831,120
$831.1K
Cap Rate 7%
$593,657
$593.7K
Cap Rate 9%
$461,733
$461.7K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$78.5K $46.20/SF
− Vacancy
−$3.0K −$1.76/SF
EGI
$75.6K $44.44/SF
− OpEx
−$34.0K −$20.00/SF
NOI
$41.6K $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%
$831,120
Cap Rate 7%
$593,657
Cap Rate 9%
$461,733
Alternative Uses
Best Use
Apartment 5plus
$593.7K
$519.5K – $692.6K
NOI $41,556 @ 7.0% cap · market cap 3.78%
Second Best
Multifamily LT 5
$402.0K
$351.7K – $469.0K
NOI $28,138 @ 7.0% cap · market cap 2.56%
Theoretical Best
Office A
$1.25M
$1.10M – $1.46M
NOI $87,728 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,380
Businesses Nearby
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Business Placement
Demographics for 11367, NY
43,112
Population
15,693
Households
2.7
Avg Household Size
37
Median Age
46%
College-Educated
84%
High-School Grad
1.9 sq mi
ZIP Area
22,691
Density / Sq Mi
$75,804
Median Household Income
$45,052
Median Earnings
$1,774
Median Rent
$519,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two two-bedroom, one-bath units accompany a finished full basement with a separate entrance.
Where is this duplex located?
The property is located at 7012 141st Street Flushing, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Duplex with two bedrooms and one bath on each level; Finished full basement with a separate entrance; May be sold with tenants in place or delivered vacant
