4-Unit Quadplex with Walk-Out
218-15 100th Avenue, Queens Village, NY 11429
For Sale
$1,375,000
Four apartments and a finished walk-out basement provide distinct residential and shared interior spaces.
Property Size3,036 SF
Price / SF$452.90
Days on Market21
Property Features for 218-15 100th Avenue
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Eat-in Kitchen
Entrance Foyer
High Ceilings
In-Law Floorplan
Marble Counters
Building Details
Building Size
Year Built
Units
Listing Agency:
Next Level Homes Group Ltd
(718) 841-9292
Listed By:
Eyal Babayev
(646) 577-6917
Source:
Clairedleone
Added: Oct 18
Changed: Nov 7
Last Checked: Nov 6 at 2:24PM
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 Next Level Homes Group Ltd
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Investment Insights
Based on property information with market context.
This 3,036-square-foot quadplex contains four apartments. The first floor has two one-bedroom, one-bathroom units; the second floor includes a two-bedroom, one-bathroom unit and a one-bedroom, one-bathroom unit. A mail and lobby room serves the building. Interior features include eat-in kitchens, entrance foyers, high ceilings, marble counters, and in-law floorplans.
The full, finished basement has walk-out access and includes an art gallery designed by the owner. The property was built in 1933 and has a private driveway.
The full, finished basement has walk-out access and includes an art gallery designed by the owner. The property was built in 1933 and has a private driveway.
Key Highlights
- Four apartments: two 1‑bedroom, 1‑bath units, one 2‑bedroom, 1‑bath unit, and one 1‑bedroom, 1‑bath unit
- 3,036 square feet of building area
- Full, finished basement with walk‑out access and an owner‑designed art gallery
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,213
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,484,260
$1.5M
Cap Rate 7%
$1,060,186
$1.1M
Cap Rate 9%
$824,589
$824.6K
Market Conditions
NOI Build-Up for 3,036 SF
Gross rent
$140.3K $46.20/SF
− Vacancy
−$5.3K −$1.76/SF
EGI
$134.9K $44.44/SF
− OpEx
−$60.7K −$20.00/SF
NOI
$74.2K $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%
$1,484,260
Cap Rate 7%
$1,060,186
Cap Rate 9%
$824,589
Alternative Uses
Best Use
Apartment 5plus
$1.06M
$927.7K – $1.24M
NOI $74,213 @ 7.0% cap · market cap 5.40%
Second Best
Multifamily LT 5
$717.9K
$628.1K – $837.5K
NOI $50,251 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$2.24M
$1.96M – $2.61M
NOI $156,672 @ 7.0% cap · market cap 11.39%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,666
Businesses Nearby
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Business Placement
Demographics for 11429, NY
25,895
Population
8,601
Households
3
Avg Household Size
41
Median Age
27%
College-Educated
84%
High-School Grad
1.3 sq mi
ZIP Area
19,919
Density / Sq Mi
$98,232
Median Household Income
$45,053
Median Earnings
$1,605
Median Rent
$646,200
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Queens County, NY
Properties on Market for Quadplexes in Queens County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four apartments and a finished walk-out basement provide distinct residential and shared interior spaces.
Where is this quadplex located?
The property is located at 218-15 100th Avenue Queens Village, NY.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Four apartments: two 1‑bedroom, 1‑bath units, one 2‑bedroom, 1‑bath unit, and one 1‑bedroom, 1‑bath unit; 3,036 square feet of building area; Full, finished basement with walk‑out access and an owner‑designed art gallery
