4-Unit Multifamily
New
For Sale
$1,480,000
138-14 16 35th Ave, Queens, NY 11354
Built in 1920, the property has strong walk, bike, and transit scores.
Property Size2,368 SF
Days on Market5
Property Features for 138-14 16 35th Ave
General Information
Standard status
Active
Size
2,368 SF
Property subtype
Investment
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$11,524
Building Details
Building Size
2,368 SF
Year Built
1920
Units
4
Listed By:
Winnie Y. Cheng
(347) 871-6886
Source:
Elliman
Added: Oct 28
Last Checked: Oct 30 at 2:59PM
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 Winnie Y. Cheng
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.
This four-family multifamily property was built in 1920 and is located at 138-14, 16 35th Ave in Queens, New York. Its Walk Score is 92, its Bike Score is 79, and its Transit Score is 85.
The property information also places the building near shopping, transportation, and local amenities.
The property information also places the building near shopping, transportation, and local amenities.
Key Highlights
- Four‑family property built in 1920
- Walk Score of 92
- Transit Score of 85
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,884
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,157,680
$1.2M
Cap Rate 7%
$826,914
$826.9K
Cap Rate 9%
$643,156
$643.2K
Market Conditions
NOI Build-Up for 2,368 SF
Gross rent
$109.4K $46.20/SF
− Vacancy
−$4.2K −$1.76/SF
EGI
$105.2K $44.44/SF
− OpEx
−$47.4K −$20.00/SF
NOI
$57.9K $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%
$1,157,680
Cap Rate 7%
$826,914
Cap Rate 9%
$643,156
Alternative Uses
Best Use
Apartment 5plus
$826.9K
$723.6K – $964.7K
NOI $57,884 @ 7.0% cap · market cap 3.91%
Second Best
Multifamily LT 5
$559.9K
$489.9K – $653.2K
NOI $39,194 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,200 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,612
Businesses Nearby
Explore this area
Business Placement
Demographics for 11354, NY
61,276
Population
22,979
Households
2.7
Avg Household Size
45
Median Age
33%
College-Educated
79%
High-School Grad
2.2 sq mi
ZIP Area
27,853
Density / Sq Mi
$62,833
Median Household Income
$40,404
Median Earnings
$1,766
Median Rent
$521,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Built in 1920, the property has strong walk, bike, and transit scores.
Where is this quadplex located?
The property is located at 138-14 16 35th Ave Queens, NY.
What is the asking price?
The asking price for this property is $1,480,000.
What are key features of this property?
This property features: Four‑family property built in 1920; Walk Score of 92; Transit Score of 85
