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    48-46 46Th St Queens, NY 11377

    Sponsored
    For Sale
    $2,999,999

    Rent-stabilized, high-yield investment opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 12-unit apartment building presents a compelling investment opportunity in the vibrant Queens, New York market. Located at 48-46 46th St, zip code 11377, this Class C multifamily property boasts a strong rental income stream, currently fully occupied with rent-stabilized tenants. The building offers a substantial net operating income (NOI) of $143,818, translating to an attractive 4.80% capitalization rate. The asking price is $2,999,999. Each of the twelve units is individually metered for electricity and tenants are responsible for their own cooking gas. This property is situated in Queens County, New York, offering convenient access to local amenities and transportation. The building's rent-stabilized status provides a predictable and stable income stream, minimizing vacancy risk and ensuring long-term financial security. This is an ideal investment for those seeking a proven, cash-flowing asset in a desirable location. The property's strong financial performance and stable tenant base make it a highly attractive proposition for discerning investors. This is a rare opportunity to acquire a well-maintained, income-producing multifamily property in a thriving New York City borough. The building's location in Queens offers excellent potential for future appreciation. This is a turnkey investment ready for immediate income generation.

    Property Features for 48-46 46Th St

    General Information

    Property type
    Multifamily properties
    Class
    C

    Building Details

    Units
    12
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.921133
    Latitude
    40.7389838

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    FAQs

    What type of property is this?
    Multifamily property - Rent-stabilized, high-yield investment opportunity.
    Where is this multifamily property located?
    The property is located at 48-46 46Th St Queens, NY.
    What is the asking price?
    The asking price for this property is $2,999,999.
    Request Owner's contact information
    48-46 46Th St Queens, NY 11377
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    Queens, NY 11377
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    48-46 46Th St Queens, NY 11377
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