Four-Family Income
For Sale
$1,548,000
9712 41st Ave, Queens, NY 11368
Four-unit multifamily building with strong walk and transit accessibility scores for tenant convenience.
Property Size2,960 SF
Days on Market143
Property Features for 9712 41st Ave
General Information
Standard status
Active
Size
2,960 SF
Property subtype
Investment
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$15,971
Building Details
Building Size
2,960 SF
Year Built
1931
Units
4
Listed By:
Nina Jean Harris
(516) 824-2474
Source:
Elliman
Added: Jun 12
Changed: Oct 28
Last Checked: Oct 30 at 3:53PM
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 Nina Jean Harris
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Investment Insights
Based on property information with market context.
This property is a four-family (quadplex) residential income building offered for sale. It consists of four separate dwelling units within a single multifamily structure.
Located at 9712 41st Ave in Queens, NY 11368, the area is supported by high accessibility metrics, including a Walk Score of 97 and a Transit Score of 88. The property also reflects a Bike Score of 77, indicating the surrounding environment is conducive to non-car trips.
As a four-unit asset, the building may appeal to buyers seeking a smaller-scale multifamily hold with multiple income-producing units. It can also fit an owner-occupant scenario where a buyer lives in one unit while collecting rent from the remaining three. Prospective investors and owner-occupants should review unit-level details and building financials to confirm how the configuration aligns with their operating and occupancy goals.
Located at 9712 41st Ave in Queens, NY 11368, the area is supported by high accessibility metrics, including a Walk Score of 97 and a Transit Score of 88. The property also reflects a Bike Score of 77, indicating the surrounding environment is conducive to non-car trips.
As a four-unit asset, the building may appeal to buyers seeking a smaller-scale multifamily hold with multiple income-producing units. It can also fit an owner-occupant scenario where a buyer lives in one unit while collecting rent from the remaining three. Prospective investors and owner-occupants should review unit-level details and building financials to confirm how the configuration aligns with their operating and occupancy goals.
Key Highlights
- Four‑unit multifamily building
- Built in 1931
- Walk Score of 97 (Walker’s Paradise)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,355
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,447,100
$1.4M
Cap Rate 7%
$1,033,643
$1.0M
Cap Rate 9%
$803,944
$803.9K
Market Conditions
NOI Build-Up for 2,960 SF
Gross rent
$136.8K $46.20/SF
− Vacancy
−$5.2K −$1.76/SF
EGI
$131.6K $44.44/SF
− OpEx
−$59.2K −$20.00/SF
NOI
$72.4K $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%
$1,447,100
Cap Rate 7%
$1,033,643
Cap Rate 9%
$803,944
Alternative Uses
Best Use
Apartment 5plus
$1.03M
$904.4K – $1.21M
NOI $72,355 @ 7.0% cap · market cap 4.67%
Second Best
Multifamily LT 5
$699.9K
$612.4K – $816.6K
NOI $48,993 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$2.18M
$1.91M – $2.55M
NOI $152,750 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
6,601
Businesses Nearby
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Business Placement
Demographics for 11368, NY
117,110
Population
31,165
Households
3.8
Avg Household Size
34
Median Age
14%
College-Educated
65%
High-School Grad
2.6 sq mi
ZIP Area
45,042
Density / Sq Mi
$71,798
Median Household Income
$33,742
Median Earnings
$1,925
Median Rent
$751,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit multifamily building with strong walk and transit accessibility scores for tenant convenience.
Where is this quadplex located?
The property is located at 9712 41st Ave Queens, NY.
What is the asking price?
The asking price for this property is $1,548,000.
What are key features of this property?
This property features: Four‑unit multifamily building; Built in 1931; Walk Score of 97 (Walker’s Paradise)
