Sunnyside Multifamily Investment
For Sale
$1,498,000
4842 46th St, Queens, NY 11377
Ten-unit building near transportation, schools, and shopping.
Property Size5,346 SF
Days on Market152
Property Features for 4842 46th St
General Information
Standard status
Active
Size
5,346 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$30,291
Building Details
Building Size
5,346 SF
Year Built
1929
Units
10
Listing Agency:
Prominent Properties Sotheby's
Listed By:
Sharon Tolosa
(201) 768-9300
Source:
Elliman
Added: May 12
Changed: Oct 6
Last Checked: Oct 9 at 9:44PM
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 Prominent Properties Sotheby's
Investment Insights
Based on property information with market context.
This ten-unit, semi-detached multifamily property is located in Sunnyside, Queens, offering convenient access to public transportation, schools, shopping, and local amenities. The building comprises a combination of two-bedroom, one-bedroom, and studio apartments. It also features a full basement with high ceilings and a backyard. The property is being sold in as-is condition, presenting an opportunity for cash investors to reposition and maximize its potential within a desirable Queens location. The area is considered very bikeable and walkable, with excellent public transportation options.
Key Highlights
- Prime Sunnyside location in Queens, near public transportation, schools, shopping, and neighborhood conveniences.
- Multifamily property with a mix of two‑bedroom, one‑bedroom, and studio units.
- High walk score (80) and transit score (78).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,680
Cap Rate
8.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,613,600
$2.6M
Cap Rate 7%
$1,866,857
$1.9M
Cap Rate 9%
$1,452,000
$1.5M
Market Conditions
NOI Build-Up for 5,346 SF
Gross rent
$247.0K $46.20/SF
− Vacancy
−$9.4K −$1.76/SF
EGI
$237.6K $44.44/SF
− OpEx
−$106.9K −$20.00/SF
NOI
$130.7K $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%
$2,613,600
Cap Rate 7%
$1,866,857
Cap Rate 9%
$1,452,000
Alternative Uses
Best Use
Apartment 5plus
$1.87M
$1.63M – $2.18M
NOI $130,680 @ 7.0% cap · market cap 8.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.94M
$3.45M – $4.60M
NOI $275,879 @ 7.0% cap · market cap 18.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,460
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
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Ten-unit building near transportation, schools, and shopping.
Where is this apartment building located?
The property is located at 4842 46th St Queens, NY.
What is the asking price?
The asking price for this property is $1,498,000.
What are key features of this property?
This property features: Prime Sunnyside location in Queens, near public transportation, schools, shopping, and neighborhood conveniences.; Multifamily property with a mix of two‑bedroom, one‑bedroom, and studio units.; High walk score (80) and transit score (78).
