Queens Multifamily Property for
For Sale
$588,000
Pending
4720 42nd St 4C, Queens, NY 11104
Residential income property in Queens, New York available for purchase.
Property Size1,050 SF
Lot Size0.37 Acres
Days on Market315
Property Features for 4720 42nd St 4C
General Information
Standard status
Pending
Size
1,050 SF
Lot size
0.37 Acres
Property subtype
Residential
Building Details
Building Size
1,050 SF
Year Built
1938
Listed By:
Kleomenis Lagos
(929) 346-8804
Source:
Elliman
Added: Nov 27, 2025
Changed: Sep 23
Last Checked: Oct 7 at 12:29PM
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 Kleomenis Lagos
Investment Insights
Based on property information with market context.
This multifamily property is located in Queens, New York. The property is listed for sale and is suitable for residential income purposes. It can be classified as an apartment building or a residential income property.
Key Highlights
- Year Built: 1938
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,667
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$513,340
$513.3K
Cap Rate 7%
$366,671
$366.7K
Cap Rate 9%
$285,189
$285.2K
Market Conditions
NOI Build-Up for 1,050 SF
Gross rent
$48.5K $46.20/SF
− Vacancy
−$1.8K −$1.76/SF
EGI
$46.7K $44.44/SF
− OpEx
−$21.0K −$20.00/SF
NOI
$25.7K $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%
$513,340
Cap Rate 7%
$366,671
Cap Rate 9%
$285,189
Alternative Uses
Best Use
Apartment 5plus
$366.7K
$320.8K – $427.8K
NOI $25,667 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$774.1K
$677.3K – $903.1K
NOI $54,185 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,858
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Residential income property in Queens, New York available for purchase.
Where is this apartment building located?
The property is located at 4720 42nd St 4C Queens, NY.
What is the asking price?
The asking price for this property is $588,000.
What are key features of this property?
This property features: Year Built: 1938
