Six-Family Brick Apartment
For Sale
$1,550,000
34-35 33rd Street, Queens, NY 11106
Commercial Sale, Queens, NY
Property Size3,660 SF
Lot Size0.06 Acres
Price / SF$423.50
Days on Market266
Property Features for 34-35 33rd Street
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Long Island City
High school district
000000
Standard status
Active
Size
3,660 SF
Lot size
0.06 Acres
Building Details
Architectural style
Other
Listing Agency:
Compass
(646) 982-0353
Listed By:
Nicholas Colombos
(917) 453-9333
Added: Jan 12
Changed: Sep 30
Last Checked: Oct 5 at 2:06PM
MLS# 11630573
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.
Investment Insights
Based on property information with market context.
This brick apartment building contains six family units and measures 3660 square feet. The property is configured as an income-producing residential asset, with a driveway and garages located at the rear included in the offering.
The property occupies a 25' x 97.5' lot and carries R5 zoning. It is located at 34-35 33rd Street in Queens, NY 11106. The asset is presented as one component of a three-building portfolio offering that also includes a six-family property next door; the properties are described as being in the same vicinity.
The property occupies a 25' x 97.5' lot and carries R5 zoning. It is located at 34-35 33rd Street in Queens, NY 11106. The asset is presented as one component of a three-building portfolio offering that also includes a six-family property next door; the properties are described as being in the same vicinity.
Key Highlights
- Six‑family brick apartment building
- 3660 square feet of property size
- 25' x 97.5' lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,467
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,789,340
$1.8M
Cap Rate 7%
$1,278,100
$1.3M
Cap Rate 9%
$994,078
$994.1K
Market Conditions
NOI Build-Up for 3,660 SF
Gross rent
$169.1K $46.20/SF
− Vacancy
−$6.4K −$1.76/SF
EGI
$162.7K $44.44/SF
− OpEx
−$73.2K −$20.00/SF
NOI
$89.5K $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%
$1,789,340
Cap Rate 7%
$1,278,100
Cap Rate 9%
$994,078
Alternative Uses
Best Use
Apartment 5plus
$1.28M
$1.12M – $1.49M
NOI $89,467 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.70M
$2.36M – $3.15M
NOI $188,874 @ 7.0% cap · market cap 12.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
7,036
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Income-producing property with rear garages and a driveway included in the offering.
Where is this apartment building located?
The property is located at 34-35 33rd Street Queens, NY.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Six‑family brick apartment building; 3660 square feet of property size; 25' x 97.5' lot
