Woodside Multifamily Building for
47-44 43 St Queens, NY 11377
47-44 43 St, Queens, NY, 11377
$1,400,000
For Sale
$1,400,000
Well-maintained 6-unit building in Woodside with convenient transit access.
Property Size5,148 SF
Lot Size0.07 Acres
Price / SF$271.95
Days on Market98
Property Features for 47-44 43 St
General Information
- Standard status
- Active
- Size
- 5,148 SF
- Lot size
- 0.07 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1928
Listing Agency
Exit Realty Team
(718) 358-4000
Listed by
Charles Chul Chang CBR · License #49CH1105136
Source
Elliman
Added: Apr 12 Checked: Jul 17 at 6:21 am
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 Exit Realty Team
Investment Insights
Based on property information with market context.
This well-maintained 6-family building is located in Woodside. The property is situated on a 27.42 x 105 lot, which is 2,879 sq ft, with a building size of 22 x 78 and approximately 5,148 sq ft of gross living area. The building comprises five 2-bedroom apartments and one 1-bedroom apartment. The owner-occupied building reflects consistent upkeep and care. Features include a full, unfinished basement with walkout access to the backyard, providing additional storage and utility space, as well as a high-tech security system. The property is conveniently located just off Greenpoint Avenue, with easy access to restaurants, shopping, and parks. The location is approximately three blocks to the 7 train at 40th Street–Lowery Street station, offering a direct commute to Midtown Manhattan in about 15 minutes. The bike score is 80, indicating it is very bikeable. The walk score is 80, indicating it is very walkable, and the transit score is 78, indicating excellent transit.
Key Highlights
- Six‑family building featuring five 2‑bedroom and one 1‑bedroom apartments.
- Prime location just off Greenpoint Avenue, and three blocks to the 7 train at 40th Street–Lowery Street station.
- Well‑maintained and owner‑occupied, reflecting consistent upkeep and care.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $237.8k | $46.20 |
| − Vacancy | −$9.0k | −$1.76 |
| EGI | $228.8k | $44.44 |
| − OpEx | −$103.0k | −$20.00 |
| NOI | $125.8k | $24.44 |
5,148 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.80M
$1.57M – $2.10M
NOI $125,840 @ 7.0% cap · market cap 8.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.80M
$3.32M – $4.43M
NOI $265,662 @ 7.0% cap · market cap 18.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Well-maintained 6-unit building in Woodside with convenient transit access.
Where is this apartment building located?
The property is located at 47-44 43 St 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: Six‑family building featuring five 2‑bedroom and one 1‑bedroom apartments.; Prime location just off Greenpoint Avenue, and three blocks to the 7 train at 40th Street–Lowery Street station.; Well‑maintained and owner‑occupied, reflecting consistent upkeep and care.
