Three-Family Brick
For Sale
$1,950,000
6728 48th Avenue, Woodside, NY 11377
Three-level triplex built in 2015 with a finished basement and separate entrance plus three apartments configured for separate living.
Property Size3,121 SF
Days on Market133
Property Features for 6728 48th Avenue
General Information
Standard status
Active
Size
3,121 SF
Property subtype
Triplex
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$15,051
Building Details
Building Size
3,121 SF
Year Built
2015
Buildings
1
Stories
3
Construction
brick
Tenancy
Multi
Listing Agency:
Jamie Realty Group
(718) 886-8110
Listed By:
Grace Lin
Source:
Serhant
Added: Apr 14
Changed: Aug 23
Last Checked: Aug 24 at 12:32PM
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 Jamie Realty Group
Investment Insights
Based on property information with market context.
Three-family brick semi-attached home built in 2015, offering three levels plus a finished full basement with a separate entrance. The first floor features a 2-bedroom, 1-bath apartment. The second and third floors each offer an identical layout with 3 bedrooms and 2 full bathrooms.
The property is located in the heart of Woodside and is described as convenient to major highways and public transportation, with shopping and dining nearby.
With its multi-unit configuration and basement access, this home is designed for tenants who value independent living arrangements within the same building footprint.
The property is located in the heart of Woodside and is described as convenient to major highways and public transportation, with shopping and dining nearby.
With its multi-unit configuration and basement access, this home is designed for tenants who value independent living arrangements within the same building footprint.
Key Highlights
- Built in 2015 brick semi‑attached three‑family home
- Finished full basement with separate entrance
- First‑floor unit: 2 bedrooms and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$76,291
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,525,820
$1.5M
Cap Rate 7%
$1,089,871
$1.1M
Cap Rate 9%
$847,678
$847.7K
Market Conditions
NOI Build-Up for 3,121 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$144.2K $46.20/SF
− Vacancy
−$5.5K −$1.76/SF
EGI
$138.7K $44.44/SF
− OpEx
−$62.4K −$20.00/SF
NOI
$76.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,525,820
Cap Rate 7%
$1,089,871
Cap Rate 9%
$847,678
Alternative Uses
Best Use
Apartment 5plus
$1.09M
$953.6K – $1.27M
NOI $76,291 @ 7.0% cap · market cap 3.91%
Second Best
Multifamily LT 5
$738.0K
$645.7K – $861.0K
NOI $51,658 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$2.30M
$2.01M – $2.68M
NOI $161,059 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,183
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-level triplex built in 2015 with a finished basement and separate entrance plus three apartments configured for separate living.
Where is this triplex located?
The property is located at 6728 48th Avenue Woodside, NY.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Built in 2015 brick semi‑attached three‑family home; Finished full basement with separate entrance; First‑floor unit: 2 bedrooms and 1 full bath
