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Multi-Unit Apartment Building with Retail
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80-01 37th Ave, Queens, NY 11372

Six-story building offers 88 apartments and 12 ground-floor commercial spaces totaling 100 units.

Property SizeContact for details
Days on Market125

Property Features for 80-01 37th Ave

General Information

Standard status Active
Property subtype Mixed Use

Additional Details

Multifamily Units 88

Building Details

Year Built 1928
Stories 6
Construction Romanesque
Listing Agency: Marcus & Millichap - NYM Group
Listed By: Joe Koicim · License #NY 10301208718
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 22 at 8:05AM

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 Marcus & Millichap - NYM Group

Investment Insights

Based on property information with market context.

Ravenna Court is a Romanesque-style, six-story building constructed in 1928 with frontage on 80th and 81st Street and along the entire frontage on 37th Avenue. The property contains 88 apartments and 12 ground-floor commercial spaces, for a total of 100 units.

The residential portion is 94% stabilized. The public remarks also note a significant delta between actual rent and legal rent, which could support future upside.

Ground-floor retail includes a wide variety of tenants, complementing the apartment mix throughout the building.

Key Highlights

  • Constructed in 1928, Romanesque‑style 6‑story building
  • 100 total units: 88 apartments plus 12 ground‑floor commercial spaces
  • Frontage on 80th and 81st streets and along the entire frontage on 37th Avenue

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Big Box & Wholesale Store Dental Office Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

88
Residential units

Location Intelligence

Trade Area within ½ mile

8,145
Businesses Nearby

Demographics for 11372, NY

68,000
Population
26,613
Households
2.6
Avg Household Size
41
Median Age
35%
College-Educated
81%
High-School Grad
0.7 sq mi
ZIP Area
97,143
Density / Sq Mi
$77,133
Median Household Income
$44,415
Median Earnings
$1,795
Median Rent
$454,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Six-story building offers 88 apartments and 12 ground-floor commercial spaces totaling 100 units.
Where is this apartment building located?
The property is located at 80-01 37th Ave Queens, NY.
What are key features of this property?
This property features: Constructed in 1928, Romanesque‑style 6‑story building; 100 total units: 88 apartments plus 12 ground‑floor commercial spaces; Frontage on 80th and 81st streets and along the entire frontage on 37th Avenue
More about this property
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