6-Unit Apartment
47-49 46th Street, Woodside, NY 11377
For Sale
Contact for pricing
All six apartments are leased to a New York City agency.
Property Size4,500 SF
Price / SF$266.67
Days on Market18
Property Features for 47-49 46th Street
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Tenant in Place
Listing Agency:
Capri Industrial Partners
Listed By:
Joseph Barretta · License NY #10491212764
Source:
Crexi
Added: Oct 23
Changed: Nov 8
Last Checked: Nov 8 at 6:11PM
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 Capri Industrial Partners
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Investment Insights
Based on property information with market context.
This six-unit apartment building contains 4,500 square feet. Each of the six apartments is leased to a New York City agency. The property is located at 47-49 46th Street in Woodside, New York.
Key Highlights
- Six apartments, with every unit leased to a New York City agency
- 4,500 square feet
- 47‑49 46th Street, Woodside, NY 11377
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,000
Cap Rate
9.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,200,000
$2.2M
Cap Rate 7%
$1,571,429
$1.6M
Cap Rate 9%
$1,222,222
$1.2M
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$207.9K $46.20/SF
− Vacancy
−$7.9K −$1.76/SF
EGI
$200.0K $44.44/SF
− OpEx
−$90.0K −$20.00/SF
NOI
$110.0K $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%
$2,200,000
Cap Rate 7%
$1,571,429
Cap Rate 9%
$1,222,222
Alternative Uses
Best Use
Apartment 5plus
$1.57M
$1.38M – $1.83M
NOI $110,000 @ 7.0% cap · market cap 9.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.32M
$2.90M – $3.87M
NOI $232,222 @ 7.0% cap · market cap 19.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
3,561
Businesses Nearby
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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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Cap Rate, Value Estimation, Potential NOI and more
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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 - All six apartments are leased to a New York City agency.
Where is this apartment building located?
The property is located at 47-49 46th Street Woodside, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Six apartments, with every unit leased to a New York City agency; 4,500 square feet; 47‑49 46th Street, Woodside, NY 11377
