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    Queens Multifamily Property For Sale Title is generated by Realmo AI

    14-18 31st Ave NY 11106, Queens, NY 11106

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    Multifamily property in Queens, NY, available for purchase.

    Type:Multifamily
    Property size:
    13,460 SF
    Price / SF:
    $482/SF
    Added:
    Oct 27, 2025
    Days on Market:
    255
    Last Refresh:
    Jul 4 at 3:36 pm

    Property Features for 14-18 31st Ave NY 11106

    General Information

    Standard status
    Active
    Size
    13,460 SF
    Property subtype
    Multifamily

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    Lev Mavashev

    Listing office Alpha Realty NY

    Listing date Oct 27, 2025

    Source Crexi

    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 Alpha Realty NY

    HighLights

    • No property information provided.

    Overview

    This multifamily property, encompassing 13,460 square feet, is available for sale. The property is located in Queens, New York.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $621.9k $46.20
    − Vacancy −$23.6k −$1.76
    EGI $598.2k $44.44
    − OpEx −$269.2k −$20.00
    NOI $329.0k $24.44
    13,460 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $4.70M
    $4.11M – $5.48M (±1% cap)
    NOI $329,022 @ 7.0% cap · market cap 5.06%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $9.92M
    $8.68M – $11.58M (±1% cap)
    NOI $694,601 @ 7.0% cap · market cap 10.69%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Law Firm Real Estate Agency Clothing & Fashion Store Nursing Home Nursing Home (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Garden Center Home Appliance Store Clothing & Fashion Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.934013
    Latitude
    40.768757

    FAQs

    What type of property is this?
    Multifamily property - Multifamily property in Queens, NY, available for purchase.
    Where is this multifamily property located?
    The property is located at 14-18 31st Ave NY 11106 Queens, NY.
    What is the asking price?
    The asking price for this property is $6,500,000.
    What are key features of this property?
    This property features: No property information provided.
    More about this property
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