31-74 33rd Street, Queens, NY 11106
- Added:
- Sep 12, 2025
- Days on Market:
- 276
- Last Refresh:
- Jun 14 at 8:06 pm
Property Features for 31-74 33rd Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bedrooms
- 12
- Bathrooms
- 6
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking features
- Garage
- Standard status
- Active
- Size
- 5,320 SF
Taxes and HOA fees
- Tax Annual Amount
- 0
Building Details
- Architectural style
- Other
Listing agent Kathleen Eng (212) 913-9058
Listing office Compass 90 Fifth Avenue, 3rd Floor, New York, NY (646) 982-0353
Listing date Sep 12, 2025
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully leased 6‑family building with 6 two‑bedroom apartments
- Unit mix: 5 market‑rate apartments and 1 rent‑stabilized apartment
- Two blocks to the N/W Broadway subway station
- Near 33rd Street
- Includes a garage
Overview
The building is located at 31-74 33rd Street in Queens, NY 11106. Public remarks note that the property is about two blocks from the N/W Broadway subway station and 33rd Street, placing it in an area with a mix of nearby shopping and dining.
For investors or owner-operators seeking a multi-family asset, the unit mix provides both market-rate and rent-stabilized exposure within a single, consistently sized apartment layout. With all units identified as two-bedroom apartments and the property presented as fully leased, this could appeal to buyers looking for a straightforward, in-place rental configuration rather than a repositioning effort. The property is offered for sale at $2,500,000.
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 | $245.8k | $46.20 |
| − Vacancy | −$9.3k | −$1.76 |
| EGI | $236.4k | $44.44 |
| − OpEx | −$106.4k | −$20.00 |
| NOI | $130.0k | $24.44 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.923538
- Latitude
- 40.761886
