Brick Three-Family
For Sale
$1,880,000
79-01 45th Avenue, Queens, NY 11373
Legal three-family brick property is fully rented, supported by strong transit access and nearby everyday conveniences.
Property Size2,823 SF
Price / SF$665.96
Days on Market281
Property Features for 79-01 45th Avenue
General Information
Standard status
Active
Size
2,823 SF
Property subtype
Triplex
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$15,243
Amenities
No
Finished, No
1st Floor Bedrm, Beamed Ceilings, Breakfast Bar, Built-in Features, Cathedral/Vaulted/High Ceiling, Ceiling Fan(s), Chefs Kitchen, Colonial, Double Vanity, Eat in Kitchen, First Floor Full Bath, Park, Public
Finished
First Floor Bedroom, First Floor Full Bath, Beamed Ceilings, Breakfast Bar, Built-in Features, Cathedral Ceiling(s), Ceiling Fan(s), Chefs Kitchen, Double Vanity, Eat-in Kitchen
1st Fl Master Bedroom, Cathedral/Vaulted/High Ceiling, Chef's Kitchen, Dual Sinks, Eat in Kitchen
Brick
Garage, Shared Driveway, Near Public Transit, Near School, Near Shops
Building Details
Year Built
1940
Listing Agency:
Graceful Realty LLC
Listed By:
Yat Cheung Lam
(718) 353-0068
Source:
Compass
Added: Jan 20
Changed: Oct 27
Last Checked: Oct 26 at 7:56PM
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 Graceful Realty LLC
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Investment Insights
Based on property information with market context.
This brick, legal three-family residence is fully rented. The building offers a straightforward income-producing configuration as a three-unit multifamily property, suited to buyers seeking an occupied asset.
The property is positioned for practical day-to-day access, with close proximity to bus service and multiple subway lines, along with nearby supermarkets and schools. Transit and walkability metrics indicate strong public-transport convenience, with a transitScore of 74 and a walkScore of 64.
For investors and owner-operators, the fully rented status can support an immediately income-generating setup, while the three-family structure provides a clear, multi-unit hold strategy within a transit-accessible setting. The combination of an occupied building and convenient neighborhood amenities can help tenants with commuting and routine errands.
The property is positioned for practical day-to-day access, with close proximity to bus service and multiple subway lines, along with nearby supermarkets and schools. Transit and walkability metrics indicate strong public-transport convenience, with a transitScore of 74 and a walkScore of 64.
For investors and owner-operators, the fully rented status can support an immediately income-generating setup, while the three-family structure provides a clear, multi-unit hold strategy within a transit-accessible setting. The combination of an occupied building and convenient neighborhood amenities can help tenants with commuting and routine errands.
Key Highlights
- Legal 3‑family brick property
- Built in 1940
- Fully rented with current tenant occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,007
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,380,140
$1.4M
Cap Rate 7%
$985,814
$985.8K
Cap Rate 9%
$766,744
$766.7K
Market Conditions
NOI Build-Up for 2,823 SF
Gross rent
$130.4K $46.20/SF
− Vacancy
−$5.0K −$1.76/SF
EGI
$125.5K $44.44/SF
− OpEx
−$56.5K −$20.00/SF
NOI
$69.0K $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%
$1,380,140
Cap Rate 7%
$985,814
Cap Rate 9%
$766,744
Alternative Uses
Best Use
Apartment 5plus
$985.8K
$862.6K – $1.15M
NOI $69,007 @ 7.0% cap · market cap 3.67%
Second Best
Multifamily LT 5
$667.5K
$584.1K – $778.8K
NOI $46,725 @ 7.0% cap · market cap 2.49%
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,680 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
4,922
Businesses Nearby
Explore this area
Business Placement
Demographics for 11373, NY
105,712
Population
34,797
Households
3
Avg Household Size
38
Median Age
30%
College-Educated
75%
High-School Grad
1.5 sq mi
ZIP Area
70,475
Density / Sq Mi
$71,470
Median Household Income
$36,043
Median Earnings
$1,913
Median Rent
$683,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Legal three-family brick property is fully rented, supported by strong transit access and nearby everyday conveniences.
Where is this triplex located?
The property is located at 79-01 45th Avenue Queens, NY.
What is the asking price?
The asking price for this property is $1,880,000.
What are key features of this property?
This property features: Legal 3‑family brick property; Built in 1940; Fully rented with current tenant occupancy
