Six-Unit Apartment Building with
For Sale
$1,600,000
23-13 28th Avenue, Queens, NY 11102
Brick multifamily property with a six-unit layout, full basement, fenced grounds, and public transportation nearby.
Property Size3,960 SF
Price / SF$404.04
Days on Market1389
Property Features for 23-13 28th Avenue
General Information
Standard status
Active
Size
3,960 SF
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 1BR, 4 x 2BR
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$19,376
Amenities
Full
Contemporary, Fenced, Near Public Transportation, Park, Public
18
No Common Walls
Square Feet
Near Public Transportation, Fenced, Fenced Yard
Fenced
Public Maintained Road
No
Brick
Private, Detached, 1 Car Detached, On Street, Fenced, Park, Near Public Transportation, Level, Near Public Transit
Building Details
Year Built
1923
Buildings
1
Listing Agency:
Signature Premier Properties
Listed By:
Stephan Mahabir · License #10301215874
(516) 546-6300
Source:
Compass
Added: Dec 30, 2022
Changed: Oct 10
Last Checked: Oct 19 at 8:29AM
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 Signature Premier Properties
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Investment Insights
Based on property information with market context.
This brick apartment building contains 3,960 square feet and was constructed in 1923. The six-unit configuration includes two one-bedroom apartments and four two-bedroom apartments. A full basement, fenced grounds, and a detached one-car garage are also part of the property. Parking includes the garage and on-street options.
The property is located at 23-13 28th Avenue in Queens, with access to public transportation and nearby neighborhood amenities. The 30th Avenue N and W subway station is approximately 7 minutes away, while the Q69 bus line is approximately 2 minutes away. Restaurants and shopping along 30th Avenue are a short distance from the building, with access to major highways and parkways also noted.
The property is located at 23-13 28th Avenue in Queens, with access to public transportation and nearby neighborhood amenities. The 30th Avenue N and W subway station is approximately 7 minutes away, while the Q69 bus line is approximately 2 minutes away. Restaurants and shopping along 30th Avenue are a short distance from the building, with access to major highways and parkways also noted.
Key Highlights
- Six residential units: two 1‑bedroom apartments and four 2‑bedroom apartments
- 3,960 square feet on a 0.091‑acre lot
- Detached 1‑car garage with additional on‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,800
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,936,000
$1.9M
Cap Rate 7%
$1,382,857
$1.4M
Cap Rate 9%
$1,075,556
$1.1M
Market Conditions
NOI Build-Up for 3,960 SF
Gross rent
$183.0K $46.20/SF
− Vacancy
−$7.0K −$1.76/SF
EGI
$176.0K $44.44/SF
− OpEx
−$79.2K −$20.00/SF
NOI
$96.8K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,936,000
Cap Rate 7%
$1,382,857
Cap Rate 9%
$1,075,556
Alternative Uses
Best Use
Apartment 5plus
$1.38M
$1.21M – $1.61M
NOI $96,800 @ 7.0% cap · market cap 6.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.92M
$2.55M – $3.41M
NOI $204,355 @ 7.0% cap · market cap 12.77%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,029
Businesses Nearby
Explore this area
Business Placement
Demographics for 11102, NY
37,468
Population
19,431
Households
1.9
Avg Household Size
36
Median Age
58%
College-Educated
90%
High-School Grad
0.7 sq mi
ZIP Area
53,526
Density / Sq Mi
$102,996
Median Household Income
$70,557
Median Earnings
$2,248
Median Rent
$779,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Brick multifamily property with a six-unit layout, full basement, fenced grounds, and public transportation nearby.
Where is this apartment building located?
The property is located at 23-13 28th Avenue Queens, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Six residential units: two 1‑bedroom apartments and four 2‑bedroom apartments; 3,960 square feet on a 0.091‑acre lot; Detached 1‑car garage with additional on‑street parking
