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Four-Family Residential Building For Sale
For Sale
$2,298,000

199-04 47 Ave, Queens, NY 11358

Four-family building with office space and parking in Queens.

Property SizeContact for details
Lot Size0.10 Acres
Days on Market165

Property Features for 199-04 47 Ave

General Information

Standard status Active
Lot size 0.10 Acres
Property subtype Investment

Taxes and HOA fees

Annual Taxes $20,225

Building Details

Year Built 2006
Units 4
Listing Agency: Realty Plus Vision Group Inc.
Listed By: En Ja Chung · License #40CH0992181
Source: Elliman
Added: Mar 12 Changed: Aug 9 Last Checked: Aug 22 at 11:19AM

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 Plus Vision Group Inc.

Investment Insights

Based on property information with market context.

This four-family residential building features a first-floor doctor's office, which converts to a one-bedroom, one-bathroom duplex at the back. The second and third floors each contain a three-bedroom, two-full-bathroom apartment. The property includes a doctor's office and parking for two cars, plus one additional parking space. The building is fully occupied and generates income. Interior features include a living room and dining area. A supermarket is located directly in front of the property.

Key Highlights

  • Great Income Potential: Fully occupied 4‑family property.
  • Convenient Location: Supermarket directly in front of the building.
  • Modern Construction: Built in 2006.

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Nursing Home Butcher Adult Day Care Tanning Salon Pet Grooming Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,091
Businesses Nearby

Demographics for 11358, NY

40,435
Population
13,806
Households
2.9
Avg Household Size
43
Median Age
37%
College-Educated
84%
High-School Grad
2.0 sq mi
ZIP Area
20,218
Density / Sq Mi
$88,729
Median Household Income
$46,875
Median Earnings
$2,086
Median Rent
$967,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Four-family building with office space and parking in Queens.
Where is this quadplex located?
The property is located at 199-04 47 Ave Queens, NY.
What is the asking price?
The asking price for this property is $2,298,000.
What are key features of this property?
This property features: Great Income Potential: Fully occupied 4‑family property.; Convenient Location: Supermarket directly in front of the building.; Modern Construction: Built in 2006.
More about this property
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