Queens Multifamily Property For
For Sale
$249,000
Pending
105-24 64 4L, Long Island City, NY 11375
Multifamily property near schools, transportation, dining, park, and shopping.
Property Size450 SF
Days on Market310
Property Features for 105-24 64 4L
General Information
Standard status
Pending
Size
450 SF
Property subtype
Residential
Building Details
Building Size
450 SF
Year Built
1950
Listing Agency:
Winzone Realty Inc
Listed By:
Xiao Feng Pan CBR · License #31PA0929296
(718) 899-7000
Source:
Elliman
Added: Dec 3, 2025
Changed: Oct 1
Last Checked: Oct 7 at 2:21PM
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 Winzone Realty Inc
Investment Insights
Based on property information with market context.
This multifamily property is conveniently located near schools, public transportation, dining options, a recreational park, and a bustling shopping area.
Key Highlights
- Convenient location near schools.
- Close proximity to public transportation.
- Abundance of dining options nearby.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,000
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$220,000
$220.0K
Cap Rate 7%
$157,143
$157.1K
Cap Rate 9%
$122,222
$122.2K
Market Conditions
NOI Build-Up for 450 SF
Gross rent
$20.8K $46.20/SF
− Vacancy
−$790 −$1.76/SF
EGI
$20.0K $44.44/SF
− OpEx
−$9.0K −$20.00/SF
NOI
$11.0K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$220,000
Cap Rate 7%
$157,143
Cap Rate 9%
$122,222
Alternative Uses
Best Use
Apartment 5plus
$157.1K
$137.5K – $183.3K
NOI $11,000 @ 7.0% cap · market cap 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$331.7K
$290.3K – $387.0K
NOI $23,222 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,472
Businesses Nearby
Explore this area
Business Placement
Demographics for 11375, NY
72,851
Population
35,415
Households
2.1
Avg Household Size
43
Median Age
61%
College-Educated
93%
High-School Grad
2.4 sq mi
ZIP Area
30,355
Density / Sq Mi
$104,319
Median Household Income
$75,149
Median Earnings
$2,126
Median Rent
$572,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property near schools, transportation, dining, park, and shopping.
Where is this apartment building located?
The property is located at 105-24 64 4L Long Island City, NY.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Convenient location near schools.; Close proximity to public transportation.; Abundance of dining options nearby.
