4730 48Th St Woodside, NY 11377
- Apartment buildings
- 4,380 SF
- 0.05 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 4730 48Th St
- Year built
- 1923
- Lot size
- 0.05 lot acres
- Property size
- 4,380 SF
- Zone code
- R5
- Property type
- Apartment buildings
- APN
- 02285-0042
- APU
- 22850042
Description
This pre-war, six-unit multi-family building presents a compelling investment opportunity in the desirable Woodside, Queens neighborhood. Situated on a 0.05-acre lot, the 2,375 square foot building boasts a solid brick and concrete construction, ensuring durability and longevity. The property comprises four one-bedroom apartments and two two-bedroom apartments, providing a diverse rental mix. Conveniently located on the Sunnyside/Woodside border, the building enjoys exceptional proximity to public transportation, with the #7 train at the 46th Street Station just three blocks away. Residents will also appreciate the nearby amenities, including a supermarket, restaurants, a drugstore, and a laundromat. Adding to the property's appeal is the inclusion of laundry facilities in the basement, a valuable amenity for tenants. The building's dimensions are 20 feet by 75 feet, offering a manageable footprint for potential investors. Currently, there are no vacant units. This property represents a strong investment opportunity in a thriving and well-connected neighborhood. The building's solid construction, desirable location, and existing tenant occupancy make it an attractive prospect for those seeking a stable and potentially lucrative investment in the New York City real estate market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $275,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $295,000
- 6.5%
- $295,000
- 7%
- $270,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $280,000
- Geo Method
- $300,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $265,000
- Retail
- $250,000
- Mixed-Use
- $325,000
- Hospitality
- $320,000
- Educational
- $265,000
- Residential Income
- $270,000
- Energy
- $295,000
- Income-Based Land
- $250,000
- Food Service
- $270,000
Location Insight
- Map
- Local Demand
- City
- Flushing
- County
- Queens
- State
- New York
- Longitude
- -73.9177
- Latitude
- 40.7401
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA