6-Unit Brick Apartment
47-16 46 Street, Woodside, NY 11377
For Sale
$1,800,000
Three-story walk-up with a one-bedroom residence and five two-bedroom apartments, all rent stabilized.
Property Size4,920 SF
Lot Size0.06 Acres
Price / SF$365.85
Days on Market138
Property Features for 47-16 46 Street
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Units
Construction
Listing Agency:
New Dream Realty Inc
Listed By:
Abdus Salam
(718) 785-5588
Source:
Clairedleone
Added: Jun 24
Changed: Nov 7
Last Checked: Nov 7 at 3:45PM
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 New Dream Realty Inc
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Investment Insights
Based on property information with market context.
This three-story brick walk-up contains six apartments: one one-bedroom unit and five two-bedroom units. The building measures 20 by 82 feet, with a 25-by-100-foot lot. Improvements include a boiler installed five years ago, an upgraded circuit-breaker electrical panel, and a roof reported free of leaks. The property is described as violation-free.
The building is three blocks from Queens Boulevard, with shopping and transportation nearby.
The building is three blocks from Queens Boulevard, with shopping and transportation nearby.
Key Highlights
- Six apartments: one 1‑bedroom and five 2‑bedroom units
- Three‑story brick walk‑up building
- Building dimensions: 20 x 82 feet; lot dimensions: 25 x 100 feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,267
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,405,340
$2.4M
Cap Rate 7%
$1,718,100
$1.7M
Cap Rate 9%
$1,336,300
$1.3M
Market Conditions
NOI Build-Up for 4,920 SF
Gross rent
$227.3K $46.20/SF
− Vacancy
−$8.6K −$1.76/SF
EGI
$218.7K $44.44/SF
− OpEx
−$98.4K −$20.00/SF
NOI
$120.3K $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%
$2,405,340
Cap Rate 7%
$1,718,100
Cap Rate 9%
$1,336,300
Alternative Uses
Best Use
Apartment 5plus
$1.72M
$1.50M – $2.00M
NOI $120,267 @ 7.0% cap · market cap 6.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.63M
$3.17M – $4.23M
NOI $253,896 @ 7.0% cap · market cap 14.11%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,561
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
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Market
Properties on Market for Apartment buildings in Woodside
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Three-story walk-up with a one-bedroom residence and five two-bedroom apartments, all rent stabilized.
Where is this apartment building located?
The property is located at 47-16 46 Street Woodside, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Six apartments: one 1‑bedroom and five 2‑bedroom units; Three‑story brick walk‑up building; Building dimensions: 20 x 82 feet; lot dimensions: 25 x 100 feet
