Multifamily
New
For Sale
$1,795,000
108-61 41st Ave, Queens, NY 11368
Built in 1970, this multifamily property has walk, bike, and transit scores of 92, 78, and 100, respectively.
Property Size3,265 SF
Days on Market1
Property Features for 108-61 41st Ave
General Information
Standard status
Active
Size
3,265 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$13,314
Building Details
Building Size
3,265 SF
Year Built
1970
Units
3
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Tayler Mollitor · License #10401272732
(516) 263-8689
Source:
Elliman
Added: Nov 1
Last Checked: Nov 1 at 3:41PM
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 Douglas Elliman Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property was built in 1970. Its reported walk score is 92, bike score is 78, and transit score is 100.
Key Highlights
- Constructed in 1970
- Walk score: 92; bike score: 78; transit score: 100
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,811
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,596,220
$1.6M
Cap Rate 7%
$1,140,157
$1.1M
Cap Rate 9%
$886,789
$886.8K
Market Conditions
NOI Build-Up for 3,265 SF
Gross rent
$150.8K $46.20/SF
− Vacancy
−$5.7K −$1.76/SF
EGI
$145.1K $44.44/SF
− OpEx
−$65.3K −$20.00/SF
NOI
$79.8K $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%
$1,596,220
Cap Rate 7%
$1,140,157
Cap Rate 9%
$886,789
Alternative Uses
Best Use
Apartment 5plus
$1.14M
$997.6K – $1.33M
NOI $79,811 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.41M
$2.11M – $2.81M
NOI $168,490 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
5,153
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
Frequently Asked Questions
What type of property is this?
Multifamily property - Built in 1970, this multifamily property has walk, bike, and transit scores of 92, 78, and 100, respectively.
Where is this multifamily property located?
The property is located at 108-61 41st Ave Queens, NY.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: Constructed in 1970; Walk score: 92; bike score: 78; transit score: 100
