Multifamily Building with 6
For Sale
Contact for pricing
5-14 50th Ave, Queens, NY 11101
Fully occupied 6-unit residential income property with a mix of free-market, rent-controlled, and rent-stabilized apartments.
Property SizeContact for details
Days on Market121
Property Features for 5-14 50th Ave
General Information
Standard status
Active
Property subtype
Multifamily
Listing Agency:
Ariel Property Advisors
(212) 544-9500
Listed By:
Alexander Taic · License #NY 10401252134
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 6:33AM
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 Ariel Property Advisors
Investment Insights
Based on property information with market context.
This fully occupied residential income property contains 6 units configured as one-bedroom apartments. The unit mix includes one free-market unit, one rent-controlled unit, and the remainder rent-stabilized.
The building is offered for sale in Hunters Point, Long Island City, Queens. Public remarks note the property is classified as Tax Class 2A, described as a protected tax class intended to cap future tax increases to 8% and/or 30% over five years.
Current average rents are cited in the public remarks, and the property is presented as a steady, predominantly rent-stabilized asset.
The building is offered for sale in Hunters Point, Long Island City, Queens. Public remarks note the property is classified as Tax Class 2A, described as a protected tax class intended to cap future tax increases to 8% and/or 30% over five years.
Current average rents are cited in the public remarks, and the property is presented as a steady, predominantly rent-stabilized asset.
Key Highlights
- Fully occupied 6‑unit residential income property with a mix of 1‑bedroom apartments
- Unit mix includes 1 free‑market unit, 1 rent‑controlled unit, and the remaining apartments rent‑stabilized
- Current average rents are $29/sqft, with a stated potential to reach $50/sqft in the market
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,363
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied 6-unit residential income property with a mix of free-market, rent-controlled, and rent-stabilized apartments.
Where is this apartment building located?
The property is located at 5-14 50th Ave Queens, NY.
What are key features of this property?
This property features: Fully occupied 6‑unit residential income property with a mix of 1‑bedroom apartments; Unit mix includes 1 free‑market unit, 1 rent‑controlled unit, and the remaining apartments rent‑stabilized; Current average rents are $29/sqft, with a stated potential to reach $50/sqft in the market
