Listing Agency: New York City Office s***@ipausa.com Show Phone

Listed By: Shaun Riney · License #License(s): NY: 10491208207, NY: 10301215754 Show Phone

Source: Marcusmillichap

Added: Apr 3 Changed: Jul 10 Last Checked: Jul 30 at 2:30AM

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Investment Insights

Based on property information with market context.

This is an opportunity to acquire a fully free-market, eight-unit multifamily asset located in Queens. The property is being sold by the original developer. The 421-A Tax Abatement has fully expired, allowing for immediate free-market operation.

Key Highlights

• Fully free‑market, offering immediate free‑market operation.
• Prime, transit‑oriented Queens location.
• Eight‑unit multifamily asset.

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Acupuncture Nursing Home Clothing & Fashion Store Pet Grooming Service Butcher (Bike/Boat/Book/etc) Store

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

Location Intelligence

Trade Area within ½ mile

4,035

Businesses Nearby

Explore this area Business Placement

Demographics for 11368, NY

117,110

Population

31,165

Households

3.8

Avg Household Size

34

Median Age

14%

College-Educated

65%

High-School Grad

2.6 sq mi

ZIP Area

45,042

Density / Sq Mi

$71,798

Median Household Income

$33,742

Median Earnings

$1,925

Median Rent

$751,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - Free-market, eight-unit multifamily asset in a prime Queens location.

Where is this apartment building located?

The property is located at 104-30 39th Ave Queens, NY.

What is the asking price?

The asking price for this property is $2,000,000.

What are key features of this property?

This property features: Fully free‑market, offering immediate free‑market operation.; Prime, transit‑oriented Queens location.; Eight‑unit multifamily asset.