Building Details

Tenancy Multi

Listing Agency: North East Queens Realty Corp

Listed By: Leah Lori Ferster Show Phone

Source: Crexi

Added: Apr 13 Changed: Aug 30 Last Checked: Aug 30 at 6:29AM

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Investment Insights

Based on property information with market context.

This multifamily property contains six two-bedroom, one-bath apartments with large room layouts. The building includes updated electrical and plumbing systems, and the roof is less than one year old. All tenants are current with their rent, supporting an occupied residential income profile.

The property is situated near schools, shopping, and transportation. Its six-apartment configuration and rent-stabilized status provide a clearly defined operating structure for multifamily ownership.

Key Highlights

• Six two‑bedroom, one‑bath apartments
• Rent‑stabilized multifamily property
• Roof is less than one year old

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Acupuncture Building Supply Accounting Firm Kitchen & Bath Showroom

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

6

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

6,528

Businesses Nearby

Explore this area Business Placement

Demographics for 11418, NY

37,596

Population

12,072

Households

3.1

Avg Household Size

37

Median Age

32%

College-Educated

81%

High-School Grad

1.7 sq mi

ZIP Area

22,115

Density / Sq Mi

$84,927

Median Household Income

$44,818

Median Earnings

$1,788

Median Rent

$772,800

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 - Rent-stabilized multifamily property with updated electrical and plumbing systems.

Where is this apartment building located?

The property is located at 8640 123rd Street New York, NY.

What are key features of this property?

This property features: Six two‑bedroom, one‑bath apartments; Rent‑stabilized multifamily property; Roof is less than one year old