Remodeled Mixed-Use
For Sale
Contact for pricing
4615 48th Ave, Queens, NY 11377
Four free-market apartments complement a commercial space in a property redeveloped in 2018.
Property SizeContact for details
Days on Market143
Property Features for 4615 48th Ave
General Information
Standard status
Active
Property subtype
Mixed Use
Net Operating Income
$204,622
Financials
Asking Price
$3,800,000
Cap Rate
5.38%
Building Details
Year Renovated
2018
Buildings
1
Tenancy
Multi
Listing Agency:
The Corcoran Group Brooklyn
Listed By:
Christopher Cavorti The Forray Team · License #NY
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 11:21PM
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 The Corcoran Group Brooklyn
Investment Insights
Based on property information with market context.
This mixed-use building contains four free-market residential units and one commercial space. Redeveloped in 2018, the property combines updated interiors with retained architectural character. Apartment features include stainless steel appliances, in-unit washers and dryers, and hardwood flooring. The configuration provides both residential and commercial occupancy within one asset.
The property is in Sunnyside, Queens, within walking distance of the 7 train at 46th Street–Bliss Street, providing transit access toward Midtown Manhattan and other areas. Joe Sabba Park and local businesses including Cemitas El Tigre and The Alcove are nearby. The building carries tax class 2A status and reports a current cap rate of 5.38%, with a projected cap rate of 6.16%.
The property is in Sunnyside, Queens, within walking distance of the 7 train at 46th Street–Bliss Street, providing transit access toward Midtown Manhattan and other areas. Joe Sabba Park and local businesses including Cemitas El Tigre and The Alcove are nearby. The building carries tax class 2A status and reports a current cap rate of 5.38%, with a projected cap rate of 6.16%.
Key Highlights
- Four free‑market residential units plus one commercial space
- Redeveloped in 2018 with updated interiors
- Apartments include stainless steel appliances, in‑unit washers and dryers, and hardwood flooring
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,858
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
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four free-market apartments complement a commercial space in a property redeveloped in 2018.
Where is this mixed-use property located?
The property is located at 4615 48th Ave Queens, NY.
What are key features of this property?
This property features: Four free‑market residential units plus one commercial space; Redeveloped in 2018 with updated interiors; Apartments include stainless steel appliances, in‑unit washers and dryers, and hardwood flooring
