Non-Stabilized Multifamily
18-40 25th Road Queens, NY 11102
For Sale
$1,748,000
Apartments are non-stabilized and leased on month-to-month terms, offering flexible occupancy dynamics.
Property Size5,888 SF
Price / SF$296.88
Days on Market1322
Property Features for 18-40 25th Road
General Information
- Standard status
- Active
- Size
- 5,888 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1931
Listing Agency:
Realty 2000 Corp
(718) 204-1111
Listed By:
George Scoufaras · License #10311207451
(718) 204-1111
Source:
Compass
Added: Dec 9, 2022
Changed: Jul 20
Last Checked: Jul 23 at 9:46AM
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 Realty 2000 Corp
Investment Insights
Based on property information with market context.
This multifamily property is offered for sale at 18-40 25th Road, Queens, NY 11102. The building’s apartments are non-stabilized.
All units are on month-to-month leases, which means tenancy is arranged on a flexible, ongoing basis rather than a fixed-term structure. The offering is presented as residential income property with apartments managed on current, rolling lease terms.
No additional unit mix, physical condition details, or rent roll information is provided in the available materials.
All units are on month-to-month leases, which means tenancy is arranged on a flexible, ongoing basis rather than a fixed-term structure. The offering is presented as residential income property with apartments managed on current, rolling lease terms.
No additional unit mix, physical condition details, or rent roll information is provided in the available materials.
Key Highlights
- 16 total rooms in a corner apartment building with 1 common wall
- 5,888 SF of living area (square feet)
- Brick construction with a full basement
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 | $272.0k | $46.20 |
| − Vacancy | −$10.3k | −$1.76 |
| EGI | $261.7k | $44.44 |
| − OpEx | −$117.8k | −$20.00 |
| NOI | $143.9k | $24.44 |
5,888 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.06M
$1.80M – $2.40M
NOI $143,929 @ 7.0% cap · market cap 8.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.34M
$3.80M – $5.06M
NOI $303,849 @ 7.0% cap · market cap 17.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Apartments are non-stabilized and leased on month-to-month terms, offering flexible occupancy dynamics.
Where is this apartment building located?
The property is located at 18-40 25th Road Queens, NY.
What is the asking price?
The asking price for this property is $1,748,000.
What are key features of this property?
This property features: 16 total rooms in a corner apartment building with 1 common wall; 5,888 SF of living area (square feet); Brick construction with a full basement
