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Queens Multifamily Investment Opportunity

10448 38th Ave, Queens, NY 11368

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For Sale

$2,500,000

Multifamily property near 7 train with high rental income.

Type:Investment

HighLights

Generates $14,000 in monthly rental income.
Excellent transit score (85) and very walkable (89); 5‑minute walk to the 7 train at 103rd Street.
Includes two parking spaces at the front of the property.
Multiple balconies on the second, third, and fourth floors.
Features 5 bedrooms and 3.5 bathrooms.
Built in 2016.

We can help!

Listing Contact

Shuang Wang

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For Sale

$2,500,000

Multifamily property near 7 train with high rental income.

Type:Investment

Added:: Apr 21, 2026
Days on Market:: 56
Last Refresh:: Apr 21 at 12:53 am

Property Features for 10448 38th Ave

General Information

Standard status: Active
Property subtype: Investment

Building Details

Year Built: 2016

We can help!

Listing Contact

Shuang Wang

Listing agent Shuang Wang

Listing office B Square Realty

Listing date Apr 21, 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 B Square Realty

HighLights

Generates $14,000 in monthly rental income.
Excellent transit score (85) and very walkable (89); 5‑minute walk to the 7 train at 103rd Street.
Includes two parking spaces at the front of the property.
Multiple balconies on the second, third, and fourth floors.
Features 5 bedrooms and 3.5 bathrooms.
Built in 2016.

Overview

This multifamily property features a mix of residential units across four floors and a basement. The first floor contains 2 bedrooms and 1 bathroom. The second and third floors each include front and rear balconies. The fourth floor offers 3 bedrooms and 2 full bathrooms, also with front and rear balconies. The basement includes a half bathroom. Constructed approximately 20 years ago, the property generates about $14,000 in monthly rental income. Two parking spaces are located at the front of the property. Situated in Queens, New York, the property is a 5-minute walk to the 7 train at 103rd Street and close to supermarkets. The location has a bike score of 70, indicating it is very bikeable, a walk score of 89, indicating it is very walkable, and a transit score of 85, indicating excellent transit.

Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

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Local Demand

City: Queens
County: Queens
State: New York
Longitude: -73.930277
Latitude: 40.752571

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For sale
Apartment buildings
NY
Queens
11368
10448 38th Ave

What type of property is this?

Apartment building - Multifamily property near 7 train with high rental income.

Where is this apartment building located?

The property is located at 10448 38th Ave Queens, NY.

What is the asking price?

The asking price for this property is $2,500,000.

What are key features of this property?

This property features: Generates $14,000 in monthly rental income.; Excellent transit score (85) and very walkable (89); 5‑minute walk to the 7 train at 103rd Street.; Includes two parking spaces at the front of the property.

10448 38th Ave, Queens, NY 11368

Multifamily property near 7 train with high rental income.

Property Features for 10448 38th Ave

General Information

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Spacious Two-Family Home in Queens

Spacious Multifamily Home with Pool

Detached Two-Family Brick Residence

Queens Village Multifamily Investment Property

Desirable Jackson Heights Multi-Family Home

Upgraded Six-Family Residence, Queens

Queens Two-Family Home Value-Add Opportunity

Mixed-Use Income Property with Parking

Renovated Triplex in Queens, NY

NYU Medical Investment Opportunity

Newly Renovated Two-Family Duplex

Sunnyside Corner Commercial Property For Sale

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