Building Details

Stories 6

Units 60

Listing Agency: Ariel Property Advisors Show Phone

Listed By: Sam Schertz · License #NY

Source: Crexi

Added: Mar 6 Changed: Aug 12 Last Checked: Aug 23 at 3:21PM

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Investment Insights

Based on property information with market context.

This multifamily property features 60 units. The property is suitable for residential income purposes and is classified as an apartment building. The total property size is 58800 square feet.

Key Highlights

• Multifamily Property
• 60 Units
• Priced at $154,167/unit

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Nursing Home Acupuncture (Bike/Boat/Book/etc) Store Clothing & Fashion Store Adult Day Care

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

4,958

Businesses Nearby

Explore this area Business Placement

Demographics for 11104, NY

27,407

Population

13,224

Households

2.1

Avg Household Size

39

Median Age

51%

College-Educated

93%

High-School Grad

0.4 sq mi

ZIP Area

68,518

Density / Sq Mi

$84,716

Median Household Income

$60,346

Median Earnings

$1,924

Median Rent

$665,700

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 - Multifamily property featuring 60 units.

Where is this apartment building located?

The property is located at 47-51 40th St Queens, NY.

What is the asking price?

The asking price for this property is $8,600,000.

What are key features of this property?

This property features: Multifamily Property; 60 Units; Priced at $154,167/unit