Four-Unit Semi-Attached Residential
New
For Sale
$1,580,000
10630 50th Ave, Queens, NY 11368
R6B/R7A zoning and strong transit, walking, and biking scores support an urban residential setting.
Property Size2,880 SF
Lot Size0.06 Acres
Days on Market1
Property Features for 10630 50th Ave
General Information
Standard status
Active
Size
2,880 SF
Lot size
0.06 Acres
Property subtype
Investment
Zoning
R6B/R7A
Additional Details
Public Transit
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$11,719
Building Details
Building Size
2,880 SF
Year Built
1928
Units
4
Listing Agency:
WINZONE REALTY INC.
Listed By:
Shanshan Xie
(347) 506-8455
Source:
Elliman
Added: Oct 7
Last Checked: Oct 7 at 2:33PM
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 semi-attached residential property contains four family units on a 25-by-100-foot lot. Built in 1928, it is zoned R6B/R7A.
WalkScore is 92, TransitScore is 100, and BikeScore is 78, indicating access to walking, transit, and biking options.
WalkScore is 92, TransitScore is 100, and BikeScore is 78, indicating access to walking, transit, and biking options.
Key Highlights
- Four family units in a semi‑attached building
- 25‑by‑100‑foot lot
- Zoned R6B/R7A
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,400
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,408,000
$1.4M
Cap Rate 7%
$1,005,714
$1.0M
Cap Rate 9%
$782,222
$782.2K
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$133.1K $46.20/SF
− Vacancy
−$5.1K −$1.76/SF
EGI
$128.0K $44.44/SF
− OpEx
−$57.6K −$20.00/SF
NOI
$70.4K $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%
$1,408,000
Cap Rate 7%
$1,005,714
Cap Rate 9%
$782,222
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$880.0K – $1.17M
NOI $70,400 @ 7.0% cap · market cap 4.46%
Second Best
Multifamily LT 5
$681.0K
$595.9K – $794.5K
NOI $47,669 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$2.12M
$1.86M – $2.48M
NOI $148,622 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,785
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - R6B/R7A zoning and strong transit, walking, and biking scores support an urban residential setting.
Where is this quadplex located?
The property is located at 10630 50th Ave Queens, NY.
What is the asking price?
The asking price for this property is $1,580,000.
What are key features of this property?
This property features: Four family units in a semi‑attached building; 25‑by‑100‑foot lot; Zoned R6B/R7A
