Multifamily Building in New
For Sale
$1,100,000
Pending
25-45 72nd St Building, Queens, NY 11370
Multifamily property for sale in New York, NY.
Property Size1,632 SF
Lot Size0.05 Acres
Days on Market314
Property Features for 25-45 72nd St Building
General Information
Standard status
Pending
Size
1,632 SF
Lot size
0.05 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$8,166
Building Details
Building Size
1,632 SF
Year Built
1955
Listing Agency:
R New York
Listed By:
Gennaro Maria De
(212) 688-1000
Source:
Elliman
Added: Nov 27, 2025
Changed: Sep 30
Last Checked: Oct 5 at 7:33PM
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 R New York
Investment Insights
Based on property information with market context.
A multifamily building is available for purchase. The property is located in New York, NY.
Key Highlights
- YearBuilt: 1955
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,893
Cap Rate
3.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$797,860
$797.9K
Cap Rate 7%
$569,900
$569.9K
Cap Rate 9%
$443,256
$443.3K
Market Conditions
NOI Build-Up for 1,632 SF
Gross rent
$75.4K $46.20/SF
− Vacancy
−$2.9K −$1.76/SF
EGI
$72.5K $44.44/SF
− OpEx
−$32.6K −$20.00/SF
NOI
$39.9K $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%
$797,860
Cap Rate 7%
$569,900
Cap Rate 9%
$443,256
Alternative Uses
Best Use
Apartment 5plus
$569.9K
$498.7K – $664.9K
NOI $39,893 @ 7.0% cap · market cap 3.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,219 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,361
Businesses Nearby
Explore this area
Business Placement
Demographics for 11370, NY
34,683
Population
11,679
Households
3
Avg Household Size
38
Median Age
25%
College-Educated
77%
High-School Grad
1.5 sq mi
ZIP Area
23,122
Density / Sq Mi
$74,895
Median Household Income
$43,313
Median Earnings
$2,071
Median Rent
$843,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily property for sale in New York, NY.
Where is this multifamily property located?
The property is located at 25-45 72nd St Building Queens, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: YearBuilt: 1955
