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New Multi-Family Apartment Building
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39-53 57th St, Queens, NY 11377

Eight newly completed residential units with balconies on upper floors and in-unit laundry for each unit.

Property SizeContact for details
Days on Market122

Property Features for 39-53 57th St

General Information

Standard status Active
Total Parking Spaces 16
Property subtype Multifamily

Additional Details

Business Included Yes
Multifamily Units 24

Building Details

Stories 3
Tenancy Multi
Listing Agency: Lin Pan Realty
Listed By: Lin Pan · License #10491205311
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 20 at 8:52PM

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 Lin Pan Realty

Investment Insights

Based on property information with market context.

A newly completed multi-family apartment building consisting of eight residential units. The first-floor unit features 2 bedrooms and 2 bathrooms. Units on the second and third floors offer 3 bedrooms and 2 bathrooms, with balconies. The full basement includes two windows and an own entry, along with a laundry area for each unit. The property also provides two-car parking.

Located in Woodside, Queens, with convenient access to public transportation, including nearby subway M, R, 7, and LIRR service. The surrounding area includes a shopping plaza and a nearby playground park with a pool and basketball courts.

Construction completion was reported as taking approximately four months, resulting in a brand-new building configuration designed around separate laundry facilities and balcony-equipped upper-floor homes.

Key Highlights

  • Newly completed 8‑unit residential property with balconies on the 2nd and 3rd floors
  • Unit layout includes first‑floor 2BR/2BA units and 2nd- and 3rd‑floor 3BR/2BA units with balconies
  • Full basement with 2 windows and own entry, plus 2‑car parking

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Gym & Fitness Center Hotel & Motel Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

24
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

4,085
Businesses Nearby

Demographics for 11377, NY

91,512
Population
34,928
Households
2.6
Avg Household Size
39
Median Age
33%
College-Educated
82%
High-School Grad
2.5 sq mi
ZIP Area
36,605
Density / Sq Mi
$73,292
Median Household Income
$45,978
Median Earnings
$1,802
Median Rent
$670,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Eight newly completed residential units with balconies on upper floors and in-unit laundry for each unit.
Where is this apartment building located?
The property is located at 39-53 57th St Queens, NY.
What are key features of this property?
This property features: Newly completed 8‑unit residential property with balconies on the 2nd and 3rd floors; Unit layout includes first‑floor 2BR/2BA units and 2nd- and 3rd‑floor 3BR/2BA units with balconies; Full basement with 2 windows and own entry, plus 2‑car parking
(917) 902-8853 Call to check price and availability
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