Building Details

Building Size 2,805 SF

Year Built 2025

Stories 3

Listing Agency: Remax Real Estate Professionals

Listed By: Alan S. Ng · License #AN6891 Show Phone

Source: Elliman

Added: Nov 28, 2025 Changed: Oct 7 Last Checked: Oct 7 at 12:46PM

Report an Issue

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 Remax Real Estate Professionals

Investment Insights

Based on property information with market context.

A multifamily property located in Queens, New York, is available for sale with a list price of $2,050,000.

Key Highlights

• Year Built: 2025 (New Construction)
• Price: $11

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$68,567

Cap Rate

3.95%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,371,340 $1.4M

Cap Rate 7%

$979,529 $979.5K

Cap Rate 9%

$761,856 $761.9K

Market Conditions

NOI Build-Up for 2,805 SF

Gross rent

$129.6K $46.20/SF

− Vacancy

−$4.9K −$1.76/SF

EGI

$124.7K $44.44/SF

− OpEx

−$56.1K −$20.00/SF

NOI

$68.6K $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%

$1,371,340

Cap Rate 7%

$979,529

Cap Rate 9%

$761,856

Alternative Uses

Best Use

Apartment 5plus

$979.5K

$857.1K – $1.14M (±1% cap)

NOI $68,567 @ 7.0% cap · market cap 3.95%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.07M

$1.81M – $2.41M (±1% cap)

NOI $144,751 @ 7.0% cap · market cap 8.33%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Spa & Massage Center Dental Office Hair Salon

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

1,773

Businesses Nearby

Explore this area Business Placement

Demographics for 11378, NY

38,288

Population

14,522

Households

2.6

Avg Household Size

40

Median Age

26%

College-Educated

83%

High-School Grad

2.4 sq mi

ZIP Area

15,953

Density / Sq Mi

$84,762

Median Household Income

$52,281

Median Earnings

$1,932

Median Rent

$832,700

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?

Similar For Sale Nearby

Mixed-Use Building with Medical Office

201-22 43rd Ave, Queens, NY 11361

$1,775,000

View details

Brick Three-Family Residence

79-01 45th Avenue, Queens, NY 11373

$1,880,000

2,823 SF

View details

Turnkey Four-Family Near Astoria Park

18-44 21st Drive 1F, Queens, NY 11105

$1,675,000

2,720 SF

View details

Four-Family Residential Income Building

9710 41st Ave, Queens, NY 11368

$1,798,000

View details

Four-Family Income Property

9712 41st Ave, Queens, NY 11368

$1,798,000

View details

Four-Unit Semi-Attached Residential Building

10630 50th Ave, Queens, NY 11368

$1,580,000

0.06 Acres

View details

Mixed-Use Building with Retail

99-12 37th Ave, Queens, NY 11368

$1,699,000

2,608 SF

View details

Mixed-Use Property in Excellent Location

11734 Sutphin Blvd, Queens, NY 11434

$1,399,999

0.04 Acres

View details

Astoria Quadruplex Near Manhattan

34-26 10th Street, Queens, NY 11106

$1,350,000

2,840 SF

View details

Three-Story Income Triplex

86-66 Midland Parkway, Queens, NY 11432

$1,750,000

3,181 SF

View details

Brick Triplex with Finished Basement

111-21 44th Ave, Queens, NY 11368

$1,499,999

View details

Elmhurst Multifamily Investment Opportunity

93-10 50th Ave, Queens, NY 11373

$1,700,000

0.07 Acres

View details

Frequently Asked Questions

What type of property is this?

Multifamily property - Multifamily property for sale in Queens, New York.

Where is this multifamily property located?

The property is located at 66-17 Clinton Ave Queens, NY.

What is the asking price?

The asking price for this property is $1,738,000.

What are key features of this property?

This property features: Year Built: **2025 (New Construction)**; Price: $11