Detached Two-Family
New
For Sale
$1,298,000
Pending
8012 165th Street, Flushing, NY 11432
The three-story layout includes eight bedrooms and three full bathrooms.
Property Size2,680 SF
Days on Market4
Property Features for 8012 165th Street
General Information
Standard status
Pending
Size
2,680 SF
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,095
Amenities
Finished
3
Yes
6
High Ceilings
Public
No
2680
Building Details
Building Size
2,680 SF
Year Built
1950
Buildings
1
Stories
3
Listing Agency:
B Square Realty
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 31
Last Checked: Nov 3 at 7:17AM
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 B Square Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This detached, legal two-family duplex was built in 1950 and spans three stories. The property contains eight bedrooms and three full bathrooms, with high ceilings and finished interior areas noted among its features.
Bus routes QM1, QM7, Q46, and Q65 serve the area, with the Q65 providing direct service to Main Street in Flushing. St. John’s University and a Chinese supermarket are within walking distance.
Bus routes QM1, QM7, Q46, and Q65 serve the area, with the Q65 providing direct service to Main Street in Flushing. St. John’s University and a Chinese supermarket are within walking distance.
Key Highlights
- Legal two‑family property in a detached configuration
- Three‑story building with 8 bedrooms and 3 full bathrooms
- Built in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,511
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,310,220
$1.3M
Cap Rate 7%
$935,871
$935.9K
Cap Rate 9%
$727,900
$727.9K
Market Conditions
NOI Build-Up for 2,680 SF
Gross rent
$123.8K $46.20/SF
− Vacancy
−$4.7K −$1.76/SF
EGI
$119.1K $44.44/SF
− OpEx
−$53.6K −$20.00/SF
NOI
$65.5K $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%
$1,310,220
Cap Rate 7%
$935,871
Cap Rate 9%
$727,900
Alternative Uses
Best Use
Apartment 5plus
$935.9K
$818.9K – $1.09M
NOI $65,511 @ 7.0% cap · market cap 5.05%
Second Best
Multifamily LT 5
$633.7K
$554.5K – $739.3K
NOI $44,358 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,301 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,364
Businesses Nearby
Explore this area
Business Placement
Demographics for 11432, NY
65,743
Population
21,618
Households
3
Avg Household Size
39
Median Age
36%
College-Educated
80%
High-School Grad
2.0 sq mi
ZIP Area
32,872
Density / Sq Mi
$75,395
Median Household Income
$37,385
Median Earnings
$1,841
Median Rent
$826,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The three-story layout includes eight bedrooms and three full bathrooms.
Where is this duplex located?
The property is located at 8012 165th Street Flushing, NY.
What is the asking price?
The asking price for this property is $1,298,000.
What are key features of this property?
This property features: Legal two‑family property in a detached configuration; Three‑story building with 8 bedrooms and 3 full bathrooms; Built in 1950
