Log In/Sign Up
Your email has been sent.
46-15 48th Ave 5 Unit Apartment Building $3,250,000 ($650,000/Unit) Woodside, NY 11377
Investment Highlights
- Property is tax class 2B (protected tax class)
- Recessed lighting throughout
- Brand new paneled appliances
- Engineered hardwood floors
- Quartz countertops
- Custom kitchen cabinetry
Executive Summary
Offered for sale is a well maintained mixed use building located at 46-15 48th Avenue in Woodside, Queens. The property consists of five residential apartments plus one ground floor retail store, providing a stable income profile with upside through long term appreciation. Positioned on a residential block with convenient access to transportation, shopping, and major roadways, this asset is well suited for investors seeking a low management, turn key mixed use property in a strong Queens submarket. Property is tax class 2B (protected tax class).
The residential units have been renovated with modern finishes that appeal to today’s renter, enhancing durability and tenant retention. The combination of upgraded apartments and street level retail creates diversified income while benefiting from consistent demand in Woodside, an area known for its proximity to Long Island City, Sunnyside, and Midtown Manhattan.
Renovated Apartment Unit Features
• Engineered hardwood floors
• Recessed lighting throughout
• Quartz countertops
• Brand new paneled appliances
• Custom kitchen cabinetry
• Luxury bathrooms with ceramic tilework
• Whisper quiet split unit HVAC systems
*The rent regulation status of the units in this building has not been verified by the seller. Prospective purchasers are advised to conduct their own due diligence and consult with appropriate professionals
The residential units have been renovated with modern finishes that appeal to today’s renter, enhancing durability and tenant retention. The combination of upgraded apartments and street level retail creates diversified income while benefiting from consistent demand in Woodside, an area known for its proximity to Long Island City, Sunnyside, and Midtown Manhattan.
Renovated Apartment Unit Features
• Engineered hardwood floors
• Recessed lighting throughout
• Quartz countertops
• Brand new paneled appliances
• Custom kitchen cabinetry
• Luxury bathrooms with ceramic tilework
• Whisper quiet split unit HVAC systems
*The rent regulation status of the units in this building has not been verified by the seller. Prospective purchasers are advised to conduct their own due diligence and consult with appropriate professionals
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$187,559
|
$39.07
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $187,559 |
| Annual Per SF | $39.07 |
Property Facts
| Price | $3,250,000 | Apartment Style | Low-Rise |
| Price Per Unit | $650,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| No. Units | 5 | Building Size | 4,800 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1928 |
| Zoning | R5, Queens (S4) | ||
| Price | $3,250,000 |
| Price Per Unit | $650,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 4,800 SF |
| No. Stories | 3 |
| Year Built | 1928 |
| Zoning | R5, Queens (S4) |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Picnic Area
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 2 | - | - |
| 2+1 | 3 | - | - |
1 1
Walk Score®
Very Walkable (79)
Transit Score®
Excellent Transit (86)
Bike Score®
Very Bikeable (82)
Property Taxes
| Parcel Number | 02284-0055 | Improvements Assessment | $68,936 |
| Land Assessment | $69,734 | Total Assessment | $138,670 |
Property Taxes
Parcel Number
02284-0055
Land Assessment
$69,734
Improvements Assessment
$68,936
Total Assessment
$138,670
1 of 15
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
46-15 48th Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.