36-Unit Apartment
For Sale
$4,300,000
133-01 Booth Memorial Ave, Flushing, NY 11355
Residents have access to an on-site laundry facility and parking lot.
Property Size13,468 SF
Price / SF$319.28
Days on Market658
Property Features for 133-01 Booth Memorial Ave
General Information
Standard status
Active
Size
13,468 SF
Total Parking Spaces
10
Property subtype
Commercial
Zoning
R4
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
24 x studio, 12 x 1BR
Multifamily Units
36
Taxes and HOA fees
Annual Taxes
$98,583
Amenities
laundry facility
parking lot
Building Details
Building Size
13,468 SF
Year Built
1957
Buildings
1
Stories
4
Units
36
Listing Agency:
LAFFEY REAL ESTATE
(718) 224-3900
Listed By:
Christos Tsouratakis SFR SRS · License #10301218123
(718) 490-7157
Source:
Croninreale
Added: Jan 3, 2025
Changed: Oct 23
Last Checked: Oct 23 at 9:50AM
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 LAFFEY REAL ESTATE
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 36-unit apartment building in Flushing contains 24 studio apartments and 12 one-bedroom apartments. The property includes an on-site laundry facility and a parking lot for residents.
Built in 1957, the building has 13,468 square feet and is zoned R4. Its address is 133-01 Booth Memorial Ave, Flushing, NY 11355.
Built in 1957, the building has 13,468 square feet and is zoned R4. Its address is 133-01 Booth Memorial Ave, Flushing, NY 11355.
Key Highlights
- 36 apartments: 24 studios and 12 one‑bedroom units
- 13,468‑square‑foot apartment building
- On‑site laundry facility and resident parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$329,217
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,584,340
$6.6M
Cap Rate 7%
$4,703,100
$4.7M
Cap Rate 9%
$3,657,967
$3.7M
Market Conditions
NOI Build-Up for 13,468 SF
Gross rent
$622.2K $46.20/SF
− Vacancy
−$23.6K −$1.76/SF
EGI
$598.6K $44.44/SF
− OpEx
−$269.4K −$20.00/SF
NOI
$329.2K $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%
$6,584,340
Cap Rate 7%
$4,703,100
Cap Rate 9%
$3,657,967
Alternative Uses
Best Use
Apartment 5plus
$4.70M
$4.12M – $5.49M
NOI $329,217 @ 7.0% cap · market cap 7.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.93M
$8.69M – $11.58M
NOI $695,013 @ 7.0% cap · market cap 16.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
36
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,285
Businesses Nearby
Explore this area
Business Placement
Demographics for 11355, NY
89,465
Population
32,049
Households
2.8
Avg Household Size
44
Median Age
24%
College-Educated
70%
High-School Grad
1.7 sq mi
ZIP Area
52,626
Density / Sq Mi
$53,700
Median Household Income
$31,166
Median Earnings
$1,664
Median Rent
$711,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Residents have access to an on-site laundry facility and parking lot.
Where is this apartment building located?
The property is located at 133-01 Booth Memorial Ave Flushing, NY.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: 36 apartments: 24 studios and 12 one‑bedroom units; 13,468‑square‑foot apartment building; On‑site laundry facility and resident parking lot
