5201 Skillman Ave, Queens, NY 11377

Building Details

Year Built

1924

Listing office r***@realtegrityny.com

Listing date Mar 11, 2026

Source Elliman

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 Robert J. Swiderski

Report an issue

---

Overview

This six-family walk-up building, featuring a two-car parking lot, is situated on the corner of Skillman Avenue and 52nd Street, bordering Woodside and Sunnyside. The property has been under the same ownership for over 30 years and professionally managed since 2022. Located one block from the 7 train, the building presents an investment opportunity. All apartments have a box layout with three bedrooms and one bathroom, and are fully occupied with tenants who have leases. The property is intended for investment purposes, with no apartments expected to be vacant at closing. The building includes five rent-stabilized apartments and one rent-controlled apartment. The current total income is $10,330.83. The 2026 Proforma Rent Roll, after a 4.5% increase for all apartments and parking rent, is projected to be $12,400. Yearly expenses, including common area electric, water, heat, insurance, property tax, and repairs, are approximately $50,000 per year, which includes a $5,550 SCRIE Credit.

Suggested Use

Law Firm Real Estate Agency Parking Lot & Garage Nursing Home Acupuncture Nursing Home Garden Center (Bike/Boat/Book/etc) Store Hotel & Motel Daycare Center

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

Location Insight

• Map
• Local Demand

City

Queens

County

Queens

State

New York

Longitude

-73.9158

Latitude

40.7465

Nearby Similar for Sale

• 

  $999,000

  2,880 SF

  Spacious Two-Family Home in Queens

  Semi-detached two-family home with income potential and convenient location.

  10-37 BAY 31ST Street, Queens, NY 11691

  View Details
• 

  $1,449,999

  2,631 SF

  Spacious Multifamily Home with Pool

  Multifamily home in Queens with pool and ample parking.

  125-11 7th Avenue, Queens, NY 11356

  View Details
• 

  $999,000

  3,705 SF

  Brick Five-Unit Apartment Building

  Five 1-bedroom apartments with two currently vacant, plus private driveway, garage, common laundry, and separate utilities.

  137-16 88th Street, Queens, NY 11417

  View Details
• 

  $2,480,000

  4,097 SF

  Detached Brick Two-Family Residence

  Fully detached two-family brick home with side-by-side living, double-height space, balconies, and a private driveway.

  1124 128th Street, Queens, NY 11356

  View Details
• 

  $1,500,000

  1,440 SF

  Queens Village Multifamily Investment Property

  Fully rented, renovated four-family house in Queens Village.

  99-02 212th Street, Queens, NY 11429

  View Details
• 

  $1,680,000

  4,300 SF

  Upgraded Six-Family Residence, Queens

  Income-producing six-family property with recent upgrades and private parking.

  22-08 120th Street, Queens, NY 11356

  View Details
• 

  $1,090,000

  3,000 SF

  Mixed-Use Building with Rear Parking

  Two residential units over a ground-floor storefront, with a finished basement and rear parking for up to four cars.

  198-03 Hollis Ave, Queens, NY 11412

  View Details
• 

  $1,250,000

  2,178 SF

  Queens Two-Family Home Value-Add Opportunity

  Two-family home on a 48' x 100' lot.

  23-40 124th Street, Queens, NY 11356

  View Details
• 

  $900,000

  2,206 SF

  Renovated Triplex in Queens, NY

  Newly renovated triplex with versatile living spaces in Queens.

  341 Beach 67th Street, Queens, NY 11692

  View Details
• 

  $15,000,000

  21,445 SF

  NYU Medical Investment Opportunity

  Fully leased medical office building in Queens, NY.

  228-02 Merrick Boulevard, Queens, NY 11413

  View Details
• 

  $190,000

  1,300 SF

  Restaurant Property with Basement Storage

  Restaurant business for sale with basement storage and a rent structure that includes property tax.

  Withheld Street, Queens, NY 11355

  View Details
• 

  $4,599,000

  5,220 SF

  Sunnyside Corner Commercial Property For Sale

  Income-producing property with gas station, convenience store, and repair shop.

  39-04 Skillman Ave, Queens, NY 11104

  View Details

FAQs

What type of property is this?

Apartment building - Six-unit apartment building near the 7 train with parking.

Where is this apartment building located?

The property is located at 5201 Skillman Ave Queens, NY.

What is the asking price?

The asking price for this property is $1,400,000.

What are key features of this property?

This property features: 7% Cap Rate based on current income and asking price.; Prime location: Woodside/Sunnyside border, 1 block from the 7 train.; Fully occupied with all tenants having leases and paying on time with no arrears.