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    Property profile & analytics

    45-07 43Rd Ave Sunnyside, NY 11104

    • Apartment buildings
    • 11,532 SF
    • 0.09 lot acres
    For Sale
    View listing
    $2,950,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2021934
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Classical Guitar Lessons by David Galvez / Tutoring Service

    Property Details for 45-07 43Rd Ave

    Year built
    1928
    Lot size
    0.09 lot acres
    Property size
    11,532 SF
    Zone code
    R7A
    Property type
    Apartment buildings
    APN
    00156-0001
    APU
    1560001

    Description

    This exceptional investment opportunity presents a 16-unit multifamily building located at 4507 43rd Avenue in the vibrant Sunnyside neighborhood of Queens, New York. The property boasts a substantial 11,532 square feet of building space situated on a 0.09-acre lot. This well-established building offers a strong potential for immediate cash flow and future appreciation. The current configuration comprises sixteen individual dwelling units, presenting a compelling opportunity for an investor seeking a stable, income-generating asset in a desirable location. Sunnyside is known for its diverse community, convenient transportation options, and proximity to Manhattan, making it an attractive area for renters. The property's size and unit count provide significant scale for potential future renovations or value-add strategies. The asking price of $3,250,000 represents a compelling entry point into the New York City multifamily market. This is an ideal acquisition for both seasoned investors and those seeking to expand their real estate portfolio with a proven, income-producing asset. The property's location and existing occupancy provide a solid foundation for long-term growth and profitability. Detailed financial information and property reports are available upon request. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,050,000
      Market price range: $1.19M - $3.19M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $2,455,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Long Island City
    County
    Queens
    State
    New York
    Longitude
    -73.9189
    Latitude
    40.7452
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $86,263
    $144,000
    $594,900
    $738,900
    -
    $320,000
    $1,322,000
    $1,642,000

    Comparable in this City

    • Value Estimation
      $2,865,000
      18,960 SF

      4740 41st St, Unit 20

      APARTMENT HOUSE (5+ UNITS) • 18,960 SF
      4740 41st St, Long Island City, NY 11104-3647
      View Details
    • Value Estimation
      $3,185,000
      64,505 SF

      4108 42nd St

      APARTMENT HOUSE (5+ UNITS) • 64,505 SF
      4108 42nd St, Long Island City, NY 11104-2765
      View Details
    • Value Estimation
      $3,405,000
      61,770 SF

      4122 42nd St

      APARTMENT HOUSE (5+ UNITS) • 61,770 SF
      4122 42nd St, Long Island City, NY 11104-2763
      View Details
    • Value Estimation
      $2,135,000
      41,316 SF

      4526 44th St

      APARTMENT HOUSE (5+ UNITS) • 41,316 SF
      4526 44th St, Long Island City, NY 11104-2444
      View Details
    • Value Estimation
      $2,965,000
      53,100 SF

      4322 45th St

      APARTMENT HOUSE (5+ UNITS) • 53,100 SF
      4322 45th St, Long Island City, NY 11104-2356
      View Details
    • Value Estimation
      $6,975,000
      378,186 SF

      5001 39th Ave

      APARTMENT HOUSE (5+ UNITS) • 378,186 SF
      5001 39th Ave, Long Island City, NY 11104
      View Details

    Similar Nearby for Sale

    • $5,900,000
      Pending

      Sunnyside Multifamily Opportunity

      Multifamily property for sale in Sunnyside, Queens.
      45-01/07 43Rd Ave, Sunnyside, NY 11104
      View Details
    • $459,900

      Spacious Sunnyside Co-op Apartment

      Bright 1-bedroom co-op near transportation, shops, and restaurants.
      43-01 46Th St, Queens, NY 11104
      View Details
    • $1,498,888
      0.06 Acres

      Sunnyside Multifamily Investment Opportunity

      Legal 6-family in Sunnyside with parking and stable income.
      43-32 40Th St, Sunnyside, NY 11104
      View Details
    • $900,000
      3,684 SF

      Sunnyside Multifamily Investment Opportunity

      Three-story, six-unit building in vibrant Sunnyside neighborhood.
      45-55 40Th St, Sunnyside, NY 11104
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    • $190,000

      Renovated Studio Apartment with Elevator

      Fully renovated studio near subway and LIE, ample closet space.
      50-21 39Th Pl, Queens, NY 11104
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    • $375,000

      Queens Multifamily Property for Sale

      Multifamily property available in Queens, New York.
      41-42 42Nd St, Queens, NY 11104
      View Details

    Similar Nearby for Lease

    • $4,999 /Mo

      Renovated, Furnished Apartment Near Transportation

      Newly renovated, furnished 3-bedroom apartment near public transportation.
      43-47 44Th St, Queens, NY 11104
      View Details
    • Contact for pricing
      58,000 SF

      Queens Blvd Retail Space Available

      Sunnyside retail space, multiple suites.
      45-02 Queens Blvd, Queens, NY 11104
      View Details
    • $13,000 /Mo
      3,200 SF

      Sunnyside Office/Storefront Opportunity

      Office space for lease, suitable for retail use.
      50-08 39Th St, Sunnyside, NY 11104
      View Details
    • Contact for pricing
      3,500 SF

      Queens Executive Office Suite

      Fully renovated, 3,500 sq ft office space.
      43-47A 44Th St, Queens, NY 11104
      View Details
    • Contact for pricing
      5,243 SF

      Retail Space in Tangram, Queens

      Retail space available in the Tangram complex in Queens.
      13327-13333 39Th Ave, Queens, NY 11104
      View Details
    • Contact for pricing
      650 SF

      Sunnyside Restaurant Space Available

      Fully built-out restaurant space in the heart of Sunnyside.
      4202-4214 Greenpoint Ave, Sunnyside, NY 11104
      View Details
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    Sunnyside, NY 11104
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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