Six-Unit Apartment Building with
6331 110th Street, Forest Hills, NY 11375
For Sale
$2,350,000
R4-zoned property includes a six-car garage and private driveway.
Property Size4,043 SF
Price / SF$581.25
Days on Market66
Property Features for 6331 110th Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
Corcoran SRG Residential
(516) 774-2446
Listed By:
Elsie Tavarez
(347) 944-3290
Source:
Clairedleone
Added: Sep 4
Changed: Nov 7
Last Checked: Nov 7 at 7:24PM
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 Corcoran SRG Residential
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Investment Insights
Based on property information with market context.
This six-unit apartment building contains 4,043 square feet and was built in 1950. The property also includes a six-car garage and a private driveway.
Zoned R4, the building is located at 6331 110th Street in Forest Hills, New York.
Zoned R4, the building is located at 6331 110th Street in Forest Hills, New York.
Key Highlights
- Six‑unit apartment building
- 4,043‑square‑foot building, constructed in 1950
- Six‑car garage and private driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,829
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,976,580
$2.0M
Cap Rate 7%
$1,411,843
$1.4M
Cap Rate 9%
$1,098,100
$1.1M
Market Conditions
NOI Build-Up for 4,043 SF
Gross rent
$186.8K $46.20/SF
− Vacancy
−$7.1K −$1.76/SF
EGI
$179.7K $44.44/SF
− OpEx
−$80.9K −$20.00/SF
NOI
$98.8K $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%
$1,976,580
Cap Rate 7%
$1,411,843
Cap Rate 9%
$1,098,100
Alternative Uses
Best Use
Apartment 5plus
$1.41M
$1.24M – $1.65M
NOI $98,829 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.98M
$2.61M – $3.48M
NOI $208,638 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
2,164
Businesses Nearby
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Business Placement
Demographics for 11375, NY
72,851
Population
35,415
Households
2.1
Avg Household Size
43
Median Age
61%
College-Educated
93%
High-School Grad
2.4 sq mi
ZIP Area
30,355
Density / Sq Mi
$104,319
Median Household Income
$75,149
Median Earnings
$2,126
Median Rent
$572,800
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Queens County, NY
Properties on Market for Apartment buildings in Queens County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - R4-zoned property includes a six-car garage and private driveway.
Where is this apartment building located?
The property is located at 6331 110th Street Forest Hills, NY.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Six‑unit apartment building; 4,043‑square‑foot building, constructed in 1950; Six‑car garage and private driveway
