Prime Multi-Family Investment Opportunity in Flushing, NY
Located at 41-37 Parsons Blvd, this 16-unit multi-family building presents an outstanding investment opportunity in the heart of Flushing, Queens. Positioned in a high-traffic area with excellent visibility and accessibility, this property is ideal for investors seeking strong rental income and long-term value in one of Queens' most thriving neighborhoods.
This well-maintained building features 16 residential units, including 14 two-bedroom apartments and 2 one-bedroom apartments. The layout consists of four units per floor, with the ground level offering two one-bedroom and two two-bedroom apartments, while the upper three floors each contain four two-bedroom apartments.
Updated gas heating system and newly replaced roof
16 individual electric meters (one per unit) plus a master electric meter for common areas
Master gas meter for the heating system (all units use electric utilities)
Four off-street parking spaces, currently rented at 200 per month each
Conveniently located near major transportation options, shopping centers, restaurants, and cultural attractions, this property offers exceptional potential in a high-demand rental market. Don't miss this rare chance to invest in one of Queens' most dynamic communities!
For sale
$4,999,000
41-37 Parsons Blvd, Flushing, NY 11355
30beds
13,800sqft
Multi Family
Built in 1977
-- sqft lot
$-- Zestimate®
$362/sqft
$-- HOA
What's special
- 81 days
- on Zillow |
- 484 |
- 19 |
Zillow last checked: 7 hours ago
Listing updated: February 12, 2025 at 10:10am
Listing by:
Reliance Realty One 646-881-6225,
Tsun Ming Lau 917-332-8987
Source: SIBOR,MLS#: 2500726

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 30
- Bathrooms: 16
- Full bathrooms: 16
Heating
- Hot Water, Natural Gas
Interior area
- Total structure area: 13,800
- Total interior livable area: 13,800 sqft
Video & virtual tour
Property
Parking
- Parking features: Carport
- Has carport: Yes
Features
- Stories: 4
Lot
- Size: 6,098.4 Square Feet
- Dimensions: 50 x 69
Details
- Parcel number: 050510007
- Zoning: R7-1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
- Year built: 1977
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Location
- Region: Flushing
Financial & listing details
- Price per square foot: $362/sqft
- Annual tax amount: $70,051
- Date on market: 2/12/2025
- Listing agreement: Exclusive Right To Sell
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