Queens Multifamily Investment
For Sale
$950,000
Pending
34-36 80th St 22, Queens, NY 11372
Multifamily property for sale in Queens, New York.
Property Size1,300 SF
Days on Market317
Property Features for 34-36 80th St 22
General Information
Standard status
Pending
Size
1,300 SF
Property subtype
Residential
Building Details
Building Size
1,300 SF
Year Built
1922
Listing Agency:
Non-Member
Listed By:
Vladimir Simkhovich
(646) 239-0166
Source:
Elliman
Added: Nov 27, 2025
Changed: Sep 25
Last Checked: Oct 9 at 9:39PM
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 Non-Member
Investment Insights
Based on property information with market context.
This multifamily property, located in Queens, New York, is available for sale. The property is suitable for residential income and includes apartment buildings. The list price is $950,000.
Key Highlights
- Year Built: 1922
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,778
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$635,560
$635.6K
Cap Rate 7%
$453,971
$454.0K
Cap Rate 9%
$353,089
$353.1K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$60.1K $46.20/SF
− Vacancy
−$2.3K −$1.76/SF
EGI
$57.8K $44.44/SF
− OpEx
−$26.0K −$20.00/SF
NOI
$31.8K $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%
$635,560
Cap Rate 7%
$453,971
Cap Rate 9%
$353,089
Alternative Uses
Best Use
Apartment 5plus
$454.0K
$397.2K – $529.6K
NOI $31,778 @ 7.0% cap · market cap 3.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$958.4K
$838.6K – $1.12M
NOI $67,086 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
8,269
Businesses Nearby
Explore this area
Business Placement
Demographics for 11372, NY
68,000
Population
26,613
Households
2.6
Avg Household Size
41
Median Age
35%
College-Educated
81%
High-School Grad
0.7 sq mi
ZIP Area
97,143
Density / Sq Mi
$77,133
Median Household Income
$44,415
Median Earnings
$1,795
Median Rent
$454,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property for sale in Queens, New York.
Where is this apartment building located?
The property is located at 34-36 80th St 22 Queens, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Year Built: 1922
