Eight-Unit Multifamily
For Sale
Contact for pricing
31-13 23rd St, Queens, NY 11106
Newer eight-unit building with separate utilities, in-unit laundry in the basement, and large outdoor space for select apartments.
Property SizeContact for details
Days on Market124
Property Features for 31-13 23rd St
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Cap Rate
4.43%
Multifamily Units
8
Amenities
laundry in basement
backyard
terraces
surveillance system
storage spaces
Building Details
Stories
4
Tenancy
Multi
Listing Agency:
Papp Realty
(718) 278-2450
Listed By:
Romero Papp · License #NY 10311206337
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 22 at 1:37PM
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 Papp Realty
Investment Insights
Based on property information with market context.
This eight-unit multifamily building was constructed about five years ago and offers apartment-level storage and a surveillance system. Laundry is located in the basement. Several units include substantial outdoor areas, including a huge backyard associated with certain apartment layouts and large top-floor terraces for select apartments.
The building is configured with two-bedroom duplex and apartment-style units as well as one-bedroom duplex and apartment units. Apartment options described include one-bedroom units with large terraces measuring 31 by 10, a two-bedroom duplex with a huge backyard, and a two-bedroom unit with a Juliette-style balcony.
All utilities are separate and paid by the tenants. The provided financial summary includes gross annual income of $241,800 and total yearly expenses of $12,594, resulting in net yearly operating income of $229,206.
The building is configured with two-bedroom duplex and apartment-style units as well as one-bedroom duplex and apartment units. Apartment options described include one-bedroom units with large terraces measuring 31 by 10, a two-bedroom duplex with a huge backyard, and a two-bedroom unit with a Juliette-style balcony.
All utilities are separate and paid by the tenants. The provided financial summary includes gross annual income of $241,800 and total yearly expenses of $12,594, resulting in net yearly operating income of $229,206.
Key Highlights
- Eight‑family building built 5 years ago with 8 apartments and a surveillance system
- Large outdoor space including huge backyards for select units and huge top‑floor terraces
- Basement includes laundry facilities, with storage space allocated for each apartment
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6,492
Businesses Nearby
Explore this area
Business Placement
Demographics for 11106, NY
41,722
Population
21,681
Households
1.9
Avg Household Size
37
Median Age
52%
College-Educated
89%
High-School Grad
0.9 sq mi
ZIP Area
46,358
Density / Sq Mi
$85,573
Median Household Income
$62,254
Median Earnings
$2,032
Median Rent
$639,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Newer eight-unit building with separate utilities, in-unit laundry in the basement, and large outdoor space for select apartments.
Where is this apartment building located?
The property is located at 31-13 23rd St Queens, NY.
What are key features of this property?
This property features: Eight‑family building built 5 years ago with 8 apartments and a surveillance system; Large outdoor space including huge backyards for select units and huge top‑floor terraces; Basement includes laundry facilities, with storage space allocated for each apartment
