New Construction 5-Unit
For Sale
Contact for pricing
Pending
5-12 51st Ave, Queens, NY 11101
Vacant 5-unit newly constructed residential building with an in-place 421a tax abatement.
Days on Market111
Property Features for 5-12 51st Ave
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Multifamily Units
5
Listing Agency:
JLL - New York City, New York
(212) 376-5449
Listed By:
Brendan Maddigan · License #NY 10301206472
Source:
Crexi
Added: Apr 11
Changed: Jul 20
Last Checked: Jul 29 at 2:25PM
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 JLL - New York City, New York
Investment Insights
Based on property information with market context.
The Lindsay is a newly constructed 5-unit residential property being offered for sale. The building is described as being crafted to operate as a premium rental building and is also condo plan approved and accepted for a seamless conversion to condominiums. The property will be delivered vacant and includes an in-place 421a tax abatement.
The asset is located in Hunters Point, Long Island City, Queens, NY.
This is a purpose-built, small multifamily opportunity with both rental orientation and condominium conversion approval noted in the materials.
The asset is located in Hunters Point, Long Island City, Queens, NY.
This is a purpose-built, small multifamily opportunity with both rental orientation and condominium conversion approval noted in the materials.
Key Highlights
- Newly constructed 5‑unit residential building at 51st Avenue (aka the Lindsay) in Hunters Point, Long Island City, Queens, NY
- Delivered vacant
- In‑place 421a tax abatement
Property Analytics
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
3,387
Businesses Nearby
Explore this area
Business Placement
Demographics for 11101, NY
48,867
Population
27,093
Households
1.8
Avg Household Size
33
Median Age
65%
College-Educated
90%
High-School Grad
2.6 sq mi
ZIP Area
18,795
Density / Sq Mi
$116,807
Median Household Income
$83,892
Median Earnings
$2,740
Median Rent
$995,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Vacant 5-unit newly constructed residential building with an in-place 421a tax abatement.
Where is this apartment building located?
The property is located at 5-12 51st Ave Queens, NY.
What are key features of this property?
This property features: Newly constructed 5‑unit residential building at 51st Avenue (aka the Lindsay) in Hunters Point, Long Island City, Queens, NY; Delivered vacant; In‑place 421a tax abatement
