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Five-Unit Apartment Building
New
For Sale
$849,999

101-30 45th Ave, Queens, NY 11368

Detached brick property with balconies, off-street parking, and separate electric metering.

Property Size3,750 SF
Lot Size0.06 Acres
Price / SF$226.67
Days on Market4

Property Features for 101-30 45th Ave

General Information

Standard status Active
Size 3,750 SF
Class Class C2
Lot size 0.06 Acres
Property subtype Commercial
Zoning R5
Occupancy 100%

Financials

Cap Rate 5.5%
Gross Income $110,532

Site & Location

Highway Access Yes
Public Transit Yes
Utilities to Site Yes

Units

Unit Mix 5 x 2BR/1BA
Multifamily Units 5

Taxes and HOA fees

Annual Taxes $42,050

Amenities

balconies

Building Details

Building Size 3,750 SF
Year Built 1931
Buildings 1
Stories 3
Units 5
Construction brick
Tenancy Multi
Listing Agency: Compass Greater NY LLC
Listed By: Mahir Sadman SFR
Source: Elliman
Added: Aug 17 Changed: Aug 19 Last Checked: Aug 20 at 7:47AM

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 Compass Greater NY LLC

Investment Insights

Based on property information with market context.

This detached three-story brick apartment building contains approximately 3,750 SF on a 2,500 SF lot and was built in 1931. The fully occupied property includes five matching two-bedroom, one-bath apartments, with one residence on the first floor and two each on the second and third floors. Upper-level apartments have balconies, while a paved side driveway provides off-street parking. The building has no basement and includes six separate electric meters; residents are responsible for their own electric service, while ownership covers water and gas.

The property is located in Corona, Queens, within walking distance of the 7 train at 103 St–Corona Plaza, Roosevelt Avenue, National Street retail, and Flushing Meadows–Corona Park. Grand Central Parkway, the LIE, and LaGuardia Airport are also identified as nearby access points. Zoning is R5, with a Class C2 designation. Walk Score is 97, Transit Score is 88, and Bike Score is 77.

Key Highlights

  • Five fully occupied apartments, each with 2 bedrooms and 1 bath
  • Approximately 3,750 SF on a 2,500 SF lot; built 1931
  • Three‑story brick building with balconies on upper units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Building Supply Auto Parts Store Big Box & Wholesale Store Auto Repair Shop Hair Salon

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

5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

4,922
Businesses Nearby

Demographics for 11368, NY

117,110
Population
31,165
Households
3.8
Avg Household Size
34
Median Age
14%
College-Educated
65%
High-School Grad
2.6 sq mi
ZIP Area
45,042
Density / Sq Mi
$71,798
Median Household Income
$33,742
Median Earnings
$1,925
Median Rent
$751,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Apartment building - Detached brick property with balconies, off-street parking, and separate electric metering.
Where is this apartment building located?
The property is located at 101-30 45th Ave Queens, NY.
What is the asking price?
The asking price for this property is $849,999.
What are key features of this property?
This property features: Five fully occupied apartments, each with 2 bedrooms and 1 bath; Approximately 3,750 SF on a 2,500 SF lot; built 1931; Three‑story brick building with balconies on upper units
More about this property
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