Building Details

Building Size 878 SF

Year Built 1940

Listed By: Lenuta 'Lily' Mocanu Show Phone

Source: Elliman

Added: Dec 3, 2025 Changed: Oct 5 Last Checked: Oct 7 at 1:37PM

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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 Lenuta 'Lily' Mocanu

Investment Insights

Based on property information with market context.

A multifamily property is available for sale in Queens, New York. The property is located at 45 Kew Gardens Rd 4A, Queens, NY 11415. The list price is $339,000.

Key Highlights

• Year Built: 1940

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,462

Cap Rate

6.33%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$429,240 $429.2K

Cap Rate 7%

$306,600 $306.6K

Cap Rate 9%

$238,467 $238.5K

Market Conditions

NOI Build-Up for 878 SF

Gross rent

$40.6K $46.20/SF

− Vacancy

−$1.5K −$1.76/SF

EGI

$39.0K $44.44/SF

− OpEx

−$17.6K −$20.00/SF

NOI

$21.5K $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%

$429,240

Cap Rate 7%

$306,600

Cap Rate 9%

$238,467

Alternative Uses

Best Use

Apartment 5plus

$306.6K

$268.3K – $357.7K (±1% cap)

NOI $21,462 @ 7.0% cap · market cap 6.33%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$647.3K

$566.4K – $755.2K (±1% cap)

NOI $45,309 @ 7.0% cap · market cap 13.37%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Rose Mis Dot ... Marketing & Advertising

Suggested Use

Top Pick Gym & Fitness Center Clothing & Fashion Store Nursing Home Bed & Breakfast Catering Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,487

Businesses Nearby

Explore this area Business Placement

Demographics for 11415, NY

20,241

Population

9,794

Households

2.1

Avg Household Size

41

Median Age

53%

College-Educated

89%

High-School Grad

0.6 sq mi

ZIP Area

33,735

Density / Sq Mi

$88,632

Median Household Income

$60,950

Median Earnings

$1,909

Median Rent

$367,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - Residential income property available in Queens, New York.

Where is this apartment building located?

The property is located at 45 Kew Gardens Rd 4A Queens, NY.

What is the asking price?

The asking price for this property is $339,000.

What are key features of this property?

This property features: Year Built: 1940