Brick 4-Unit
16868 93rd Ave, Queens, NY 11433
For Sale
New
$1,649,000
Each residence has a three-bedroom, two-bathroom layout, and the property is currently tenant-occupied.
Property Size5,925 SF
Days on Market2
Property Features for 16868 93rd Ave
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Units
Construction
Listed By:
Ruena Khan
(631) 891-8693
Source:
Elliman
Added: Nov 12
Last Checked: Nov 12 at 2:42PM
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 Ruena Khan
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.
Built in 2004, this all-brick quadplex contains four residences, each configured with three bedrooms and two bathrooms. All units are tenant-occupied.
The property is at 16868 93rd Ave in Queens. Walk Score is 97, Transit Score is 100, and Bike Score is 52.
The property is at 16868 93rd Ave in Queens. Walk Score is 97, Transit Score is 100, and Bike Score is 52.
Key Highlights
- Four residential units, each with 3 bedrooms and 2 bathrooms
- All‑brick construction; built in 2004
- Currently tenant‑occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$146,411
Cap Rate
8.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,928,220
$2.9M
Cap Rate 7%
$2,091,586
$2.1M
Cap Rate 9%
$1,626,789
$1.6M
Market Conditions
NOI Build-Up for 5,925 SF
Gross rent
$227.5K $38.40/SF
− Vacancy
−$18.4K −$3.10/SF
EGI
$209.2K $35.30/SF
− OpEx
−$62.7K −$10.59/SF
NOI
$146.4K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,928,220
Cap Rate 7%
$2,091,586
Cap Rate 9%
$1,626,789
Alternative Uses
Best Use
Multifamily LT 5
$2.09M
$1.83M – $2.44M
NOI $146,411 @ 7.0% cap · market cap 8.88%
Second Best
Apartment 5plus
$2.07M
$1.81M – $2.41M
NOI $144,833 @ 7.0% cap · market cap 8.78%
Theoretical Best
Office A
$4.37M
$3.82M – $5.10M
NOI $305,758 @ 7.0% cap · market cap 18.54%
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
2,594
Businesses Nearby
Explore this area
Business Placement
Demographics for 11433, NY
39,071
Population
11,849
Households
3.3
Avg Household Size
37
Median Age
19%
College-Educated
77%
High-School Grad
1.5 sq mi
ZIP Area
26,047
Density / Sq Mi
$71,177
Median Household Income
$39,540
Median Earnings
$1,529
Median Rent
$625,600
Median Home Value
Market
Average Price Trend$/SF for Quadplexes in Queens, NY
Properties on Market for Quadplexes in Queens
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has a three-bedroom, two-bathroom layout, and the property is currently tenant-occupied.
Where is this quadplex located?
The property is located at 16868 93rd Ave Queens, NY.
What is the asking price?
The asking price for this property is $1,649,000.
What are key features of this property?
This property features: Four residential units, each with 3 bedrooms and 2 bathrooms; All‑brick construction; built in 2004; Currently tenant‑occupied
