Legal 7-Family Apartment
For Sale
Contact for pricing
45-38 40th Street, New York, NY 11104
Brick multifamily property with separate utilities and a legal basement apartment.
Property SizeContact for details
Days on Market143
Property Features for 45-38 40th Street
General Information
Standard status
Active
Property subtype
Multifamily
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
6 x 1BR, 1 x 1BR (basement)
Multifamily Units
7
Additional Details
Gross Income
$126,192
Building Details
Buildings
1
Construction
brick
Listing Agency:
NY SUPERIOR REALTY
(718) 205-7770
Listed By:
Nora Avalos
Source:
Crexi
Added: Apr 13
Changed: Aug 31
Last Checked: Aug 30 at 5:08PM
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 NY SUPERIOR REALTY
Investment Insights
Based on property information with market context.
This brick apartment building at 45-38 40th Street contains seven legal residential units, including six one-bedroom apartments and a one-bedroom apartment in the basement. The lower level also includes a separate boiler room. The structure is attached at the front and semi-attached at the rear, with separately metered utilities serving the property.
The roof and boiler were replaced approximately 10 years ago. Transit access includes the Q32 and Q60 bus lines and the 7 subway train, while Queens Blvd, Roosevelt Ave, shops, and restaurants are nearby in Sunnyside.
The roof and boiler were replaced approximately 10 years ago. Transit access includes the Q32 and Q60 bus lines and the 7 subway train, while Queens Blvd, Roosevelt Ave, shops, and restaurants are nearby in Sunnyside.
Key Highlights
- Legal 7‑family building with six one‑bedroom units plus a one‑bedroom basement apartment
- Separate utility metering includes 8 electric meters and 7 gas meters
- Roof and boiler replaced approximately 10 years ago
Property Analytics
Current Use
Lease Details
7
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,301
Businesses Nearby
Explore this area
Business Placement
Demographics for 11104, NY
27,407
Population
13,224
Households
2.1
Avg Household Size
39
Median Age
51%
College-Educated
93%
High-School Grad
0.4 sq mi
ZIP Area
68,518
Density / Sq Mi
$84,716
Median Household Income
$60,346
Median Earnings
$1,924
Median Rent
$665,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Brick multifamily property with separate utilities and a legal basement apartment.
Where is this apartment building located?
The property is located at 45-38 40th Street New York, NY.
What are key features of this property?
This property features: Legal 7‑family building with six one‑bedroom units plus a one‑bedroom basement apartment; Separate utility metering includes 8 electric meters and 7 gas meters; Roof and boiler replaced approximately 10 years ago
