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Three-Unit Multifamily Property
For Sale
$2,590,000

10-41 51ST Avenue, Long Island City, NY 11101

Configuration includes a studio, duplex, and two-bedroom residence with a private backyard.

Property Size1,950 SF
Price / SF$1,328
Days on Market10

Property Features for 10-41 51ST Avenue

General Information

Standard status Active
Size 1,950 SF
Property subtype Triplex

Property Condition

Severity Repairs Needed
Evidence Needs some updating

Units

Unit Mix 1 x studio, 1 x 2BR/1.5BA duplex, 1 x 2BR/2BA
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $7,299

Building Details

Building Size 1,950 SF
Year Built 1881
Listing Agency: E Realty International Corp
Listed By: Jisun Kim · License #40KI1146632
Source: Cbwarburg
Added: Aug 13 Changed: Aug 22 Last Checked: Aug 22 at 12:02PM

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 E Realty International Corp

Investment Insights

Based on property information with market context.

This three-unit multifamily property was built in 1881 and includes a front studio, a two-bedroom duplex with one full and one half bathroom, and a separate two-bedroom, two-bathroom unit. The duplex includes a private backyard. The property requires updating, providing a defined renovation component within the existing residential layout.

Located at 10-41 51ST Avenue in Long Island City, NY 11101, the building offers a mix of unit configurations within a single multifamily asset. The existing arrangement includes both studio and two-bedroom residences.

Key Highlights

  • Three‑unit multifamily property built in 1881
  • Front studio included
  • 2BR/1.5BA duplex with private backyard

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store Adult Day Care Pet Grooming Service Clothing & Fashion Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

4,928
Businesses Nearby

Demographics for 11101, NY

48,867
Population
27,093
Households
1.8
Avg Household Size
33
Median Age
65%
College-Educated
90%
High-School Grad
2.6 sq mi
ZIP Area
18,795
Density / Sq Mi
$116,807
Median Household Income
$83,892
Median Earnings
$2,740
Median Rent
$995,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Configuration includes a studio, duplex, and two-bedroom residence with a private backyard.
Where is this triplex located?
The property is located at 10-41 51ST Avenue Long Island City, NY.
What is the asking price?
The asking price for this property is $2,590,000.
What are key features of this property?
This property features: Three‑unit multifamily property built in 1881; Front studio included; 2BR/1.5BA duplex with private backyard
More about this property
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