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6538 51st Road, Flushing, NY, 11377

6beds
3baths
1,488sqft
$1,488,000
$1,000price/sqft
$9,027/moest. monthly cost
$361,080/yrincome needed

About This Home

Investor/Developer Opportunity in Woodside, Queens. Rare 50x100 corner lot with R4-1 zoning featuring three existing structures: a two-family dwelling with (2) residential units, each offering 2 bedrooms, 1 bathroom, living room, and dining room; a separate one-family dwelling with a similar 2-bedroom layout; and a detached 3-car garage. Property also includes a large rear garden/open yard area. Excellent opportunity for investors, builders, developers, or end users seeking multiple residential units, income potential, and future redevelopment possibilities subject to zoning and approvals. Conveniently located near public transportation, schools, shopping, and restaurants. Property to be sold vacant and as-is in all respects. Though believed accurate, all information including taxes, schools, zoning, use, and development potential must be independently verified. Taxes are stated for 2025-2026. Schools are as reported by Niche. Owner, Listing Agent & Listing Brokers are not responsible for any inaccuracies, prospective buyers & their agents must confirm all facts.

Getting Around

77
WalkingVery Walkable
0
TransitVery Limited Transit
41
BikeSomewhat Bikeable

Schools

7/10
Ps 229 Emanuel KaplanGrades PK-50.1 mi
2/10
Grover Cleveland H.S.Grades 9-121.6 mi

Construction

Condition

  • Year built: 1920

Materials

  • Construction materials: Frame

Type & Style

  • Home type: MultiFamily
  • Property subType: Triplex,Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • First Floor Bedroom,First Floor Full Bath,Other

Heating & Cooling

  • Heating features: Natural Gas,Other
  • Cooling features: None

Interior Area

  • Total structure area: 1,488
  • Total interior livable area: 1,488 sqft

Property

Details

  • Parcel number: 023830013
  • Special condition: None

Lot

  • Lot size: 5,000 sqft
  • Features: Back Yard,Corner Lot,Front Yard,Garden,Near Public Transit,Near School,Near Shops,See Remarks
  • Lot size dimensions: 50 x 100

Parking

  • Total spaces: 3
  • Parking features: Detached,Garage,On Street
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Cold Wave
    Cold WaveModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Cold Wave
Winter Weather
Tsunami

FEMA Declared Disasters in Queens County and New York

Flood
Severe Storm
Snowstorm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $7,524$90,288
Home Insurance *$327$3,924
Property Taxes $930$11,160
Electricity $246$2,954
Total$9,027$108,324
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$309,497/yr
40% on housing$270,810/yr
45% on housing$240,720/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 2.5%
2.5%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -0.4%
-0.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,000This listing

vs Other Active Listings

Avg $/sqft

ZIP 11377$540
Queens County$533

vs Homes Sold Last Month

Median $/sqft

ZIP 11377$637
Queens County$600

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-20Listed for sale$1,488,000

For Sale by Agent

AgentEddie McGowan E-PRO PSA SFR GRI
BrokerageDynamicEdge Realty LLC

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