Four-Unit Brick Apartment
97-10 41st Avenue Queens, NY 11368
97-10 41st Avenue, Queens, NY, 11368
$1,798,000
For Sale
$1,798,000
Four-dwelling brick building with a basement featuring high ceilings and a full bathroom.
Property Size2,960 SF
Price / SF$607.43
Days on Market73
Property Features for 97-10 41st Avenue
General Information
- Standard status
- Active
- Size
- 2,960 SF
- Property subtype
- Quadruplex
Building Details
- Year Built
- 1931
Listing agency
Signature Premier Properties
(516) 741-4333
Listed by
Nina Jean Harris
(516) 741-4333
Source
Compass
Added: May 11 Updated: Jul 21 at 1:27PM Checked: Jul 21 at 1:27PM
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 Signature Premier Properties
Investment Insights
Based on property information with market context.
Beautiful and spacious four-dwelling brick building set on a 25x100 lot. The property includes a basement with high ceilings and a full bathroom, offering flexibility for storage, recreation, or office use. Unit layout includes three bedrooms and two full baths on the 1st floor, and four bedrooms and two full baths on the 2nd floor. Oil heat with gas cooking is in place.
Convenient to schools, shopping, transportation, parks, and neighborhood amenities. The seller would like to sell with tenants in place.
This is a residential income property structured as a 4-unit building with internal living space distributed across the first and second floors, supplemented by the usable basement area.
Convenient to schools, shopping, transportation, parks, and neighborhood amenities. The seller would like to sell with tenants in place.
This is a residential income property structured as a 4-unit building with internal living space distributed across the first and second floors, supplemented by the usable basement area.
Key Highlights
- Four‑dwelling brick building with stucco exterior on a 25x100 lot (year built 1931).
- Basement with high ceilings and a full bathroom, with concrete perimeter foundation.
- 1st floor offers 3 bedrooms and 2 full baths.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $136.8k | $46.20 |
| − Vacancy | −$5.2k | −$1.76 |
| EGI | $131.6k | $44.44 |
| − OpEx | −$59.2k | −$20.00 |
| NOI | $72.4k | $24.44 |
2,960 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.03M
$904.4K – $1.21M
NOI $72,355 @ 7.0% cap · market cap 4.02%
Second Best
Multifamily LT 5
$699.9K
$612.4K – $816.6K
NOI $48,993 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$2.18M
$1.91M – $2.55M
NOI $152,750 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-dwelling brick building with a basement featuring high ceilings and a full bathroom.
Where is this quadplex located?
The property is located at 97-10 41st Avenue Queens, NY.
What is the asking price?
The asking price for this property is $1,798,000.
What are key features of this property?
This property features: Four‑dwelling brick building with stucco exterior on a 25x100 lot (year built 1931).; Basement with high ceilings and a full bathroom, with concrete perimeter foundation.; 1st floor offers 3 bedrooms and 2 full baths.
