41 54th Ave Queens, NY 11377

Listing agency Cushman & Wakefield - Melville, New York

Listed by Brian Sarath · License #NY 40SA0918063

Source Crexi

Added: Apr 12 Updated: Jul 20 at 4:50PM Checked: Jul 21 at 9:41AM

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Investment Insights

Based on property information with market context.

The subject property is a +/- 6,075 sq. ft., three-story multifamily building on a 2,495 sq. ft. lot. The building contains six residential units total. Five units are described as fully free market, with three units currently vacant. The remaining two free market units are noted to have upcoming leases due, and the rent-stabilized tenant is indicated to expire 01/31/2024.

Located at 41 54th Ave in Queens, New York 11377, the asset is positioned as a residential income property offering a mix of current vacancy and near-term lease activity based on the provided unit status.

This is a compact, walk-up style multifamily configuration with all units within the existing three-story building footprint, supporting a straightforward portfolio or owner-operator consideration where lease timing and occupancy status are important factors.

Key Highlights

• +/- 6,075 SF, three‑story multi‑family building on a 2,495 SF lot
• Six residential units total: five units are fully free market
• Three units are currently vacant

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FAQs

What type of property is this?

Apartment building - Three-story multifamily building with six residential units, including vacant units and upcoming lease commencements.

Where is this apartment building located?

The property is located at 41 54th Ave Queens, NY.

What are key features of this property?

This property features: +/- 6,075 SF, three‑story multi‑family building on a 2,495 SF lot; Six residential units total: five units are fully free market; Three units are currently vacant