4730 48Th StWoodside, NY 11377

Property Details for 4730 48Th St

Year built

1923

Lot size

0.05 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $897,940

  6.5%

  $828,867

  7%

  $769,662

• Comparable approach

  Method

  Valuation

  Relative Method

  $887,051

  Geo Method

  $887,051

• Alternative Use

  Use

  Valuation

  Residential

  $828,867

  Hospitality

  $759,238

  Educational

  $631,677

  Medical

  $653,401

  Retail

  $982,609

Location Insight

City

Flushing

County

Queens

State

New York

Latitude

40.7401

Longitude

-73.9177

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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