Three-Unit Brick Multifamily
New
For Sale
$1,880,000
91-30 50 Ave, Queens, NY 11373
Three residential levels offer separate living and dining areas, with a basement entrance and private garage.
Property Size3,265 SF
Lot Size0.05 Acres
Price / SF$575.80
Days on Market2
Property Features for 91-30 50 Ave
General Information
Standard status
Active
Size
3,265 SF
Lot size
0.05 Acres
Property subtype
Investment
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$13,228
Building Details
Building Size
3,265 SF
Year Built
1975
Buildings
1
Stories
3
Units
3
Construction
brick
Listing Agency:
Franklin Square
Listed By:
Ng Ka Hung Cheng · License #10401356457
(929) 264-8617
Source:
Elliman
Added: Nov 4
Last Checked: Nov 4 at 2:11PM
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 Franklin Square
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Investment Insights
Based on property information with market context.
This brick semi-attached multifamily property contains approximately 3,265 square feet, arranged across three residential levels. The first floor has one bedroom and one bathroom, along with living and dining rooms. Each upper floor includes three bedrooms, one and a half bathrooms, and separate living and dining areas. Hardwood floors and high ceilings are noted throughout. A full basement of approximately 1,200 square feet has its own entrance, and the property includes a private garage. The building dates to 1975 and occupies a 22-by-95-foot lot; its dimensions are approximately 21.25 by 55 feet.
The property is near the E, F, R, and 7 subway lines, with shopping, dining, and schools accessible nearby. Its reported Walk Score is 92, Transit Score is 100, and Bike Score is 78.
The property is near the E, F, R, and 7 subway lines, with shopping, dining, and schools accessible nearby. Its reported Walk Score is 92, Transit Score is 100, and Bike Score is 78.
Key Highlights
- Three‑level layout: first floor has 1 bedroom and 1 bathroom; each upper floor has 3 bedrooms and 1.5 bathrooms
- Approximately 3,265 square feet of interior space
- Full basement measures approximately 1,200 square feet and has a separate entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,811
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,596,220
$1.6M
Cap Rate 7%
$1,140,157
$1.1M
Cap Rate 9%
$886,789
$886.8K
Market Conditions
NOI Build-Up for 3,265 SF
Gross rent
$150.8K $46.20/SF
− Vacancy
−$5.7K −$1.76/SF
EGI
$145.1K $44.44/SF
− OpEx
−$65.3K −$20.00/SF
NOI
$79.8K $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%
$1,596,220
Cap Rate 7%
$1,140,157
Cap Rate 9%
$886,789
Alternative Uses
Best Use
Apartment 5plus
$1.14M
$997.6K – $1.33M
NOI $79,811 @ 7.0% cap · market cap 4.25%
Second Best
Multifamily LT 5
$772.0K
$675.5K – $900.7K
NOI $54,041 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$2.41M
$2.11M – $2.81M
NOI $168,490 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
3,363
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential levels offer separate living and dining areas, with a basement entrance and private garage.
Where is this triplex located?
The property is located at 91-30 50 Ave 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: Three‑level layout: first floor has 1 bedroom and 1 bathroom; each upper floor has 3 bedrooms and 1.5 bathrooms; Approximately 3,265 square feet of interior space; Full basement measures approximately 1,200 square feet and has a separate entrance
