Renovated Mixed-Use Property with
New
For Sale
$3,780,000
98-07 37TH Ave, Queens, NY 11368
Three-story commercial and residential asset with a storefront, apartments, garages, and separate building utilities.
Property Size3,600 SF
Lot Size0.06 Acres
Days on Market2
Property Features for 98-07 37TH Ave
General Information
Standard status
Active
Size
3,600 SF
Total Parking Spaces
3
Lot size
0.06 Acres
Property subtype
Investment
Net Operating Income
$245,823
Financials
Cap Rate
6.5%
Gross Income
$283,284
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
5 x 3BR
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$17,310
Amenities
in-unit washer/dryer
split-system A/C
Building Details
Building Size
3,600 SF
Year Built
1930
Stories
3
Units
6
Construction
all-brick
Tenancy
Multi
Listing Agency:
Best Group Realty, Inc.
(646) 246-4143
Listed By:
Carmen M. Sang GRI CBR
(646) 246-4143
Source:
Elliman
Added: Aug 10
Changed: Aug 11
Last Checked: Aug 11 at 6:31AM
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 Best Group Realty, Inc.
Investment Insights
Based on property information with market context.
This renovated, semi-detached brick mixed-use property combines a commercial storefront with five residential apartments, each configured with three bedrooms. The three-story building measures 20 by 60 feet on a 25 by 100-foot lot and includes a full basement with its own entrance. Three detached garages add supplemental site functionality. Each apartment has an in-unit washer and dryer, split-system air conditioning, and separately metered utilities. The property includes five gas meters and six electric meters.
Located at 98-07 37TH Ave in Queens, the building sits in a commercial corridor near the #7 subway train and multiple bus lines. WalkScore is 89, TransitScore is 85, and BikeScore is 70. The property was built in 1930 and is identified as 100% free-market. A 6.5% CAP rate is reported.
Located at 98-07 37TH Ave in Queens, the building sits in a commercial corridor near the #7 subway train and multiple bus lines. WalkScore is 89, TransitScore is 85, and BikeScore is 70. The property was built in 1930 and is identified as 100% free-market. A 6.5% CAP rate is reported.
Key Highlights
- Five 3‑bedroom apartments plus 1 commercial storefront
- 20x60 building on a 25x100 lot with full basement and separate entrance
- Three detached garages included
Property Analytics
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
5,608
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-story commercial and residential asset with a storefront, apartments, garages, and separate building utilities.
Where is this mixed-use property located?
The property is located at 98-07 37TH Ave Queens, NY.
What is the asking price?
The asking price for this property is $3,780,000.
What are key features of this property?
This property features: Five 3‑bedroom apartments plus 1 commercial storefront; 20x60 building on a 25x100 lot with full basement and separate entrance; Three detached garages included
