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    97-28 41St Ave Queens, NY 11368

    For Sale
    $1,600,000

    Legal four-family property near Roosevelt Avenue and 7-Line express subway.

    Lot size:
    0.05 Acres

    Property Features for 97-28 41St Ave

    General Information

    Lot size
    0.05 Acres

    Building Details

    Year built
    1931

    Source: Chous Realty Group Inc Agent Xia Chen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    North Corona Four-Family Property

    This is a large, legal four-family property situated in a prime location in North Corona. The property is located two blocks from Roosevelt Avenue and the 7-Line express subway into Manhattan (Junction Blvd Stop). The property features four apartments. Three apartments have 2-bedrooms with a living room, full bath, and eat-in-kitchen. There is one 1-bedroom apartment with a living room, full bath, and eat-in-kitchen that may also be converted to a 2-bedroom apartment. Each apartment has high 10-foot ceilings and many windows that provide natural sunlight. There are separate gas and electric meters. The basement is finished, with high 7.5-foot ceilings, and three separate entrances: front, rear, and interior access. The boiler and water heater were recently maintained and replaced. This location is close to LaGuardia Airport, Flushing Meadow Park, Citi Field, mass transit, the NYC Express Subway 7 Line, buses, shopping, parks, and fine dining.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.941926
    Latitude
    40.75414

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    FAQs

    What type of property is this?
    Quadplex - Legal four-family property near Roosevelt Avenue and 7-Line express subway.
    Where is this quadplex located?
    The property is located at 97-28 41St Ave Queens, NY.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: - Legal four-family dwelling.; - Prime location in North Corona, just two blocks from the 7-Line express subway to Manhattan.; - Annual income of approximately $100,000.
    (718) 353-8818
    Request Owner's contact information
    97-28 41St Ave Queens, NY 11368
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    Queens, NY 11368
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    97-28 41St Ave Queens, NY 11368
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