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Property profile & analytics
FOR SALE
Apartment buildings

4730 48th St Flushing, NY 11377-6663

4,380 SF 0.05 ac lot Built 1923
Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US63-1509668
Property summary
AI-generated overview

This pre-war, six-unit multi-family building presents a compelling investment opportunity in the desirable Woodside, Queens neighborhood. Situated on a 0.05-acre lot, the 2,375 square foot building boasts a solid brick and concrete construction, ensuring durability and longevity. The property comprises four one-bedroom apartments and two two-bedroom apartments, providing a diverse rental mix. Conveniently located on the Sunnyside/Woodside border, the building enjoys exceptional proximity to public transportation, with the #7 train at the 46th Street Station just three blocks away. Residents will also appreciate the nearby amenities, including a supermarket, restaurants, a drugstore, and a laundromat. Adding to the property's appeal is the inclusion of laundry facilities in the basement, a valuable amenity for tenants. The building's dimensions are 20 feet by 75 feet, offering a manageable footprint for potential investors. Currently, there are no vacant units. This property represents a strong investment opportunity in a thriving and well-connected neighborhood. The building's solid construction, desirable location, and existing tenant occupancy make it an attractive prospect for those seeking a stable and potentially lucrative investment in the New York City real estate market.

Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1923
Total area 4,380 SF
Lot 0.05 ac (2,375 SF)
Zoning code R5
APN 02285-0042
UPID US63-1509668
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k
Owner & transaction history
Westbury Property Group LLC · 9 yrs held
Westbury Property Group LLC
since 2016
4 recorded transactions
2020
Price N/A
2016
$1.4M
2016
Price N/A
1969
Price N/A
Zoning & alternative use
R5 · Flushing, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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