Six-Unit Brick Apartment
For Sale
$1,500,000
4749 46th Street, Woodside, NY 11377
Semi-detached brick property with gas heat, a full basement, and a mix of apartment layouts.
Property Size4,500 SF
Days on Market52
Property Features for 4749 46th Street
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Multi Family
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
Construction
brick
Listing Agency:
Keller Williams Rlty Landmark
Listed By:
Helen Arapis · License #10401313886
(718) 316-0667
Source:
Serhant
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 28 at 1:54PM
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 six-unit apartment building at 4749 46th Street in Woodside, NY, was constructed in 1928. The semi-detached property has all-brick construction, is described as being in good condition, and is heated by gas. The unit mix includes five two-bedroom apartments and one one-bedroom apartment.
A full basement provides additional building space, and DHCR records are up to date. The property is located in Queens at 4749 46th Street, Woodside, NY 11377.
A full basement provides additional building space, and DHCR records are up to date. The property is located in Queens at 4749 46th Street, Woodside, NY 11377.
Key Highlights
- Six apartments: five two‑bedroom units and one one‑bedroom unit
- All‑brick, semi‑detached construction
- 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.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
3,409
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Semi-detached brick property with gas heat, a full basement, and a mix of apartment layouts.
Where is this apartment building located?
The property is located at 4749 46th Street Woodside, 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: Six apartments: five two‑bedroom units and one one‑bedroom unit; All‑brick, semi‑detached construction; Built in 1928
