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Elevator Apartment Building
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99-44 62nd Avenue, Rego Park, NY 11374

Six-story multifamily property with residential units, garage parking, and elevator service in Rego Park.

Property Size55,300 SF
Days on Market142

Property Features for 99-44 62nd Avenue

General Information

Standard status Active
Size 55,300 SF
Total Parking Spaces 16
Elevators Yes
Property subtype Multifamily, Note/Loan

Units

Unit Mix 6 x studio, 30 x 1BR, 19 x 2BR, 7 x 3BR
Multifamily Units 62

Additional Details

Public Transit Yes

Building Details

Buildings 1
Stories 6
Listing Agency: Matthews
Listed By: DJ Johnston · License #NY 10401229409
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 11:15AM

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 Matthews

Investment Insights

Based on property information with market context.

The collateral is a six-story elevator apartment building containing 55,300 square feet and 62 residential units, including 21 deregulated apartments. The unit mix comprises 6 studios, 30 one-bedroom units, 19 two-bedroom units, and 7 three-bedroom units. The property also includes 16 garage parking spaces. The offering concerns a first-position note secured by the building and accompanied by a personal guaranty.

The building occupies the south side of 62nd Avenue between 102 Street and 99th Street in Rego Park, Queens. Three playgrounds or parks are within 2 blocks. Rego Center Shopping Mall and the 63rd Drive and Queens Boulevard retail corridor provide access to shops and restaurants. The 63rd Drive-Rego Park M R station offers access to the Jamaica Air Train in 15 minutes and Manhattan in 25 minutes.

Key Highlights

  • 55,300 SF elevator building with 62 residential units
  • 21 of the 62 apartments are deregulated
  • Unit mix includes 6 studios, 30 one‑bedroom, 19 two‑bedroom, and 7 three‑bedroom apartments

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Acupuncture Nursing Home Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

62
Residential units

Location Intelligence

Trade Area within ½ mile

2,430
Businesses Nearby

Demographics for 11374, NY

47,129
Population
21,197
Households
2.2
Avg Household Size
43
Median Age
51%
College-Educated
90%
High-School Grad
0.9 sq mi
ZIP Area
52,366
Density / Sq Mi
$86,333
Median Household Income
$58,309
Median Earnings
$1,957
Median Rent
$484,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Six-story multifamily property with residential units, garage parking, and elevator service in Rego Park.
Where is this apartment building located?
The property is located at 99-44 62nd Avenue Rego Park, NY.
What are key features of this property?
This property features: 55,300 SF elevator building with 62 residential units; 21 of the 62 apartments are deregulated; Unit mix includes 6 studios, 30 one‑bedroom, 19 two‑bedroom, and 7 three‑bedroom apartments
(646) 502-3481 Call to check price and availability
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