Building Details

Building Size 3,600 SF

Listed By: ZaiYou (Joe) Zhu Show Phone

Source: Elliman

Added: Nov 27, 2025 Changed: Sep 26 Last Checked: Oct 7 at 2:00PM

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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 ZaiYou (Joe) Zhu

Investment Insights

Based on property information with market context.

A multifamily property located in Queens, New York, is available for sale. The list price is $1,199,999.

Key Highlights

• No selling points could be extracted from the provided information.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$88,000

Cap Rate

7.33%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,760,000 $1.8M

Cap Rate 7%

$1,257,143 $1.3M

Cap Rate 9%

$977,778 $977.8K

Market Conditions

NOI Build-Up for 3,600 SF

Gross rent

$166.3K $46.20/SF

− Vacancy

−$6.3K −$1.76/SF

EGI

$160.0K $44.44/SF

− OpEx

−$72.0K −$20.00/SF

NOI

$88.0K $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%

$1,760,000

Cap Rate 7%

$1,257,143

Cap Rate 9%

$977,778

Alternative Uses

Best Use

Apartment 5plus

$1.26M

$1.10M – $1.47M (±1% cap)

NOI $88,000 @ 7.0% cap · market cap 7.33%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.65M

$2.32M – $3.10M (±1% cap)

NOI $185,777 @ 7.0% cap · market cap 15.48%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Law Firm Auto Repair Shop Dental Office

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

3,817

Businesses Nearby

Explore this area Business Placement

Demographics for 11414, NY

27,320

Population

12,223

Households

2.2

Avg Household Size

46

Median Age

31%

College-Educated

87%

High-School Grad

2.3 sq mi

ZIP Area

11,878

Density / Sq Mi

$98,209

Median Household Income

$66,162

Median Earnings

$1,991

Median Rent

$612,800

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 multifamily properties 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?

Multifamily property - Multifamily property in Queens, New York available for purchase.

Where is this multifamily property located?

The property is located at 102-36 1st St Queens, NY.

What is the asking price?

The asking price for this property is $1,199,999.

What are key features of this property?

This property features: No selling points could be extracted from the provided information.