Six-Unit Multifamily
25-66 42nd Street Queens, NY 11103
25-66 42nd Street, Queens, NY, 11103
$2,100,000
For Sale
$2,100,000
Six fully rented units are offered, including five two-bedroom apartments and one one-bedroom unit.
Property Size3,660 SF
Price / SF$573.77
Days on Market1495
Property Features for 25-66 42nd Street
General Information
- Standard status
- Active
- Size
- 3,660 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1923
Listing agency
Golden One Realty Group LLC
(347) 539-0052
Listed by
Alina Yukhtman · License #10491212763
(347) 539-0052
Source
Compass
Added: Jun 19, 2022 Updated: Jul 21 at 2:21AM Checked: Jul 22 at 9:38AM
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 Golden One Realty Group LLC
Investment Insights
Based on property information with market context.
This is an excellent six-unit multifamily building with all units currently occupied. The property’s unit mix consists of five two-bedroom, one-bath apartments and one one-bedroom, one-bath apartment.
Located in the Astoria/LIC area of Queens, the building presents an investor-focused opportunity with no reported vacancies at the time of listing.
Call for more information regarding the offering details.
Located in the Astoria/LIC area of Queens, the building presents an investor-focused opportunity with no reported vacancies at the time of listing.
Call for more information regarding the offering details.
Key Highlights
- Six fully rented units: five 2‑bedroom/1‑bath apartments and one 1‑bedroom/1‑bath unit
- Year built 1923
- Basement: full basement
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 | $169.1k | $46.20 |
| − Vacancy | −$6.4k | −$1.76 |
| EGI | $162.7k | $44.44 |
| − OpEx | −$73.2k | −$20.00 |
| NOI | $89.5k | $24.44 |
3,660 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.28M
$1.12M – $1.49M
NOI $89,467 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.70M
$2.36M – $3.15M
NOI $188,874 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Six fully rented units are offered, including five two-bedroom apartments and one one-bedroom unit.
Where is this apartment building located?
The property is located at 25-66 42nd Street Queens, NY.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Six fully rented units: five 2‑bedroom/1‑bath apartments and one 1‑bedroom/1‑bath unit; Year built 1923; Basement: full basement
