Multifamily Property with Fenced
For Sale
$1,629,000
105-04 37th Avenue, Queens, NY 11368
The property includes partially finished space, hardwood flooring, and an eat-in kitchen with skylights.
Property Size3,004 SF
Price / SF$542.28
Days on Market1827
Property Features for 105-04 37th Avenue
General Information
Standard status
Active
Size
3,004 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$17,450
Amenities
Stone/Brick Wall, Stone/Brick Wall, Square Feet, 25x120.17
Partially Finished
Hardwood
Contemporary, Eat in Kitchen, Fenced, Gas Grill, Hardwood Floors As Seen, Other, Public, Sky Light
Gas Grill
3004
18
1 Common Wall
Skylight(s)
Eat-in Kitchen
Square Feet
Corner Apartment, Fenced, Fenced Yard, Hardwood Floors As Seen, Eat in Kitchen, Brownstone, Sky Light
Yes
Fenced
No
Brick, Vinyl Siding
No Garage, On Street, Fenced, Skylight(s), Stone/Brick Wall
Building Details
Year Built
1931
Listing Agency:
Voro LLC
Listed By:
Tapovardhan Pandey · License #40PA1163142
(877) 943-8676
Source:
Compass
Added: Nov 1, 2021
Changed: Oct 28
Last Checked: Oct 30 at 5:25PM
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 Voro LLC
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Investment Insights
Based on property information with market context.
This multifamily property at 105-04 37th Avenue includes 3,004 square feet and was built in 1931. Interior details include partially finished space, hardwood floors, an eat-in kitchen, and skylights. The property also features a fenced yard, brick and vinyl siding, and a stone or brick wall.
There is no garage, with on-street parking identified. The property is situated near a market, school, transportation, and parks, providing access to several everyday destinations in the surrounding area.
There is no garage, with on-street parking identified. The property is situated near a market, school, transportation, and parks, providing access to several everyday destinations in the surrounding area.
Key Highlights
- 3,004 square feet of multifamily property
- Built in 1931
- Fenced yard with stone or brick wall
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,431
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,468,620
$1.5M
Cap Rate 7%
$1,049,014
$1.0M
Cap Rate 9%
$815,900
$815.9K
Market Conditions
NOI Build-Up for 3,004 SF
Gross rent
$138.8K $46.20/SF
− Vacancy
−$5.3K −$1.76/SF
EGI
$133.5K $44.44/SF
− OpEx
−$60.1K −$20.00/SF
NOI
$73.4K $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%
$1,468,620
Cap Rate 7%
$1,049,014
Cap Rate 9%
$815,900
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$917.9K – $1.22M
NOI $73,431 @ 7.0% cap · market cap 4.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.21M
$1.94M – $2.58M
NOI $155,021 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
7,621
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - The property includes partially finished space, hardwood flooring, and an eat-in kitchen with skylights.
Where is this multifamily property located?
The property is located at 105-04 37th Avenue Queens, NY.
What is the asking price?
The asking price for this property is $1,629,000.
What are key features of this property?
This property features: 3,004 square feet of multifamily property; Built in 1931; Fenced yard with stone or brick wall
