Brick Six-Family Apartment
For Sale
$1,998,000
41-07 54th Street, Queens, NY 11377
Semi-detached multifamily property near Roosevelt Avenue and the 7th train station.
Property Size6,075 SF
Price / SF$328.89
Days on Market1364
Property Features for 41-07 54th Street
General Information
Standard status
Active
Size
6,075 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$20,773
Amenities
No, No, None
Square Feet, 27x92.42
Finished
Other, Public
24
No Common Walls
Square Feet
Other/See Remarks
No
Brick
Building Details
Year Built
1928
Listing Agency:
Century Homes Realty Group LLC
Listed By:
Khalid Rafey · License #10301212671
(718) 886-6800
Source:
Compass
Added: Jan 24, 2023
Changed: Oct 11
Last Checked: Oct 19 at 8:42AM
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 Century Homes Realty Group LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 41-07 54th Street in Woodside, this semi-detached apartment building contains six family units within 6,075 square feet. The property features brick construction and dates to 1928.
The building is situated minutes from Roosevelt Avenue and the 7th train station, providing access to nearby transit service. Its six-family configuration offers a clearly defined multifamily layout for residential ownership and operation.
The building is situated minutes from Roosevelt Avenue and the 7th train station, providing access to nearby transit service. Its six-family configuration offers a clearly defined multifamily layout for residential ownership and operation.
Key Highlights
- Six‑family apartment building
- 6,075 square feet of property size
- Semi‑detached brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$148,500
Cap Rate
7.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,970,000
$3.0M
Cap Rate 7%
$2,121,429
$2.1M
Cap Rate 9%
$1,650,000
$1.7M
Market Conditions
NOI Build-Up for 6,075 SF
Gross rent
$280.7K $46.20/SF
− Vacancy
−$10.7K −$1.76/SF
EGI
$270.0K $44.44/SF
− OpEx
−$121.5K −$20.00/SF
NOI
$148.5K $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%
$2,970,000
Cap Rate 7%
$2,121,429
Cap Rate 9%
$1,650,000
Alternative Uses
Best Use
Apartment 5plus
$2.12M
$1.86M – $2.48M
NOI $148,500 @ 7.0% cap · market cap 7.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.48M
$3.92M – $5.22M
NOI $313,499 @ 7.0% cap · market cap 15.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
3,752
Businesses Nearby
Explore this area
Business Placement
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
Frequently Asked Questions
What type of property is this?
Apartment building - Semi-detached multifamily property near Roosevelt Avenue and the 7th train station.
Where is this apartment building located?
The property is located at 41-07 54th Street Queens, NY.
What is the asking price?
The asking price for this property is $1,998,000.
What are key features of this property?
This property features: Six‑family apartment building; 6,075 square feet of property size; Semi‑detached brick construction
