46-15 48th Avenue, Woodside, NY 11377

Building Details

Building Size 4,800 SF More

Year Built 1928 More

Buildings 1 More

Listing Agency: NY Space Finders Inc

Listed By: Luca DiCiero · License #10351202702 Show Phone

Source: Serhant

Added: Feb 6 Changed: Nov 4 Last Checked: Nov 8 at 1:52PM

Report an Issue

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 Space Finders Inc

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 1928 mixed-use building combines five residential apartments with one ground-floor retail store. The apartments have been renovated with engineered hardwood flooring, recessed lighting, quartz countertops, paneled appliances, custom cabinetry, ceramic-tile bathrooms, and split-unit HVAC systems. The property carries New York tax class 2B status.

Located on 48th Avenue in Woodside, Queens, the building is positioned near transportation, shopping, and major roadways. Its setting also provides proximity to Long Island City, Sunnyside, and Midtown Manhattan. The rent-regulation status of the residential units has not been verified by the seller, so purchasers should complete their own due diligence with appropriate professionals.

Key Highlights

• Five residential apartments plus one ground‑floor retail store
• Residential units renovated with engineered hardwood floors, recessed lighting, and quartz countertops
• Custom kitchen cabinetry, paneled appliances, and ceramic‑tile bathrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$117,333

Cap Rate

4.19%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,346,660 $2.3M

Cap Rate 7%

$1,676,186 $1.7M

Cap Rate 9%

$1,303,700 $1.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,800 SF

Gross rent

$221.8K $46.20/SF

− Vacancy

−$8.4K −$1.76/SF

EGI

$213.3K $44.44/SF

− OpEx

−$96.0K −$20.00/SF

NOI

$117.3K $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%

$2,346,660

Cap Rate 7%

$1,676,186

Cap Rate 9%

$1,303,700

Alternative Uses

Best Use

Apartment 5plus

$1.68M

$1.47M – $1.96M (±1% cap)

NOI $117,333 @ 7.0% cap · market cap 4.19%

Second Best

Retail

$1.22M

$1.07M – $1.43M (±1% cap)

NOI $85,680 @ 7.0% cap · market cap 3.06%

Theoretical Best

Office A

$3.54M

$3.10M – $4.13M (±1% cap)

NOI $247,703 @ 7.0% cap · market cap 8.85%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Gym & Fitness Center Skin Care Clinic Nursing Home

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

Lease Details

5

Residential units

Location Intelligence

Trade Area within ½ mile

6,486

Businesses Nearby

Explore this area Business Placement

Demographics for 11377, NY

91,512

Population

34,928

Households

2.6

Avg Household Size

39

Median Age

33%

College-Educated

82%

High-School Grad

2.5 sq mi

ZIP Area

36,605

Density / Sq Mi

$73,292

Median Household Income

$45,978

Median Earnings

$1,802

Median Rent

$670,300

Median Home Value

Market

Average Price Trend$/SF for Mixed-use properties in Queens County, NY

$758 Jul

$684 Aug

$604 Sep

$582 Oct

Properties on Market for Mixed-use properties in Queens County

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Similar For Sale Nearby

See more

6-Unit Brick Apartment Building

47-16 46 Street, Woodside, NY 11377

$1,800,000

4,920 SF

View details

Two-Unit Retail Condominium

43-20 52nd Street Rs, Woodside, NY 11377

$2,850,000

3,855 SF

View details

Mixed-Use Building

4021 69th Street, Woodside, NY 11377

$2,130,000

4,160 SF

View details

6-Unit Apartment Building

5209 Skillman Avenue, Woodside, NY 11377

$1,650,000

5,208 SF

View details

12-Unit Brick Apartment Building

53 53st, Woodside, NY 11377

$2,588,888

6,324 SF

View details

Six-Unit Brick Apartment Building

4749 46th Street, Woodside, NY 11377

$1,500,000

View details

Six-Unit Walk-Up Apartment Building

41-16 54th Street, Woodside, NY 11377

$1,650,000

5,508 SF

View details

Mixed-Use Building with Medical Offices

41-53 68 Street, Woodside, NY 11377

$1,790,000

6,240 SF

View details

Mixed-Use Building with Laundromat

60-11 39th Avenue, Woodside, NY 11377

$4,600,000

View details

Corner Medical Community Facility

63-14 Queens Boulevard Unit: ABCDEFGHJL, Woodside, NY 11377

$4,200,000

View details

12-Unit Apartment Building

4510 50th Ave, Woodside, NY 11377

$2,000,000

9,000 SF

View details

Mixed-Use Property with Medical Office

39-31 54th Street, Woodside, NY 11377

$1,850,000

0.06 Acres

View details

Frequently Asked Questions

What type of property is this?

Mixed-use property - Renovated residential units complement a ground-floor storefront in a mixed-use configuration.

Where is this mixed-use property located?

The property is located at 46-15 48th Avenue Woodside, NY.

What is the asking price?

The asking price for this property is $2,799,000.

What are key features of this property?

This property features: Five residential apartments plus one ground‑floor retail store; Residential units renovated with engineered hardwood floors, recessed lighting, and quartz countertops; Custom kitchen cabinetry, paneled appliances, and ceramic‑tile bathrooms