Brick Apartment
For Sale
$1,500,000
4749 46th St, Queens, NY 11377
The semi-detached property offers gas heat, a full basement, and a six-apartment configuration.
Property Size4,500 SF
Days on Market51
Property Features for 4749 46th St
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Commercial
Net Operating Income
$87,984
Units
Unit Mix
5 x 2BR, 1 x 1BR
Multifamily Units
6
Additional Details
Gross Income
$142,824
Taxes and HOA fees
Annual Taxes
$21,809
Building Details
Building Size
4,500 SF
Year Built
1928
Buildings
1
Units
6
Construction
brick
Listing Agency:
Keller Williams Rlty Landmark
Listed By:
Helen Arapis · License #10401313886
(718) 316-0667
Source:
Elliman
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 30 at 4:02PM
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 Keller Williams Rlty Landmark
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Investment Insights
Based on property information with market context.
This all-brick, semi-detached apartment property was built in 1928 and is described as being in good condition. The configuration includes five two-bedroom apartments and one one-bedroom apartment, along with a full basement. Gas heat serves the building, and DHCR requirements are up to date.
Located at 4749 46th St in Queens, the property has a Walk Score of 98, a Transit Score of 100, and a Bike Score of 87. These ratings reflect convenient access to walking, public transportation, and bicycle travel.
Located at 4749 46th St in Queens, the property has a Walk Score of 98, a Transit Score of 100, and a Bike Score of 87. These ratings reflect convenient access to walking, public transportation, and bicycle travel.
Key Highlights
- Five two‑bedroom apartments and one one‑bedroom apartment
- All‑brick, semi‑detached apartment property
- Built in 1928
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,000
Cap Rate
7.33%
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 7.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.32M
$2.90M – $3.87M
NOI $232,222 @ 7.0% cap · market cap 15.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
3,882
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
Frequently Asked Questions
What type of property is this?
Apartment building - The semi-detached property offers gas heat, a full basement, and a six-apartment configuration.
Where is this apartment building located?
The property is located at 4749 46th St Queens, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Five two‑bedroom apartments and one one‑bedroom apartment; All‑brick, semi‑detached apartment property; Built in 1928
