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Queens

NYC's largest borough with strong multifamily fundamentals, emerging office markets, and significant development potential.

5.5-7.0%

Avg Cap Rate

$350-600

Price per SF

4

Skyline Transactions

Market Overview

200M+

Total SF

9.8%

Vacancy Rate

$42/SF

Avg Asking Rent

Key Highlights

Long Island CityAstoriaJackson HeightsFlushing

Primary Asset Classes

MultifamilyRetailIndustrialDevelopment Sites

Skyline Transactions

$172M+ Total
34-44 77th Street - $46.5M Multifamily - Skyline Properties

34-44 77th Street

Multifamily Elevatored2024

$46.5M

104,000 SF

40-40 79th Street - $46.5M Multifamily - Skyline Properties

40-40 79th Street

Multifamily Elevatored2024

$46.5M

176,480 SF

56-11 94th Street - $46.5M Multifamily - Skyline Properties

56-11 94th Street

Multifamily Elevatored2024

$46.5M

108,120 SF

61-01 Springfield Boulevard - $32M Retail - Skyline Properties

$32M

84,000 SF

Queens Transaction Map

Interactive map coming soon

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Market Metrics

Avg Cap Rate5.5-7.0%
Price/SF Range$350-600
2024 Volume$2.8B (2024 YTD)
Vacancy9.8%

Ground Lease Opportunities

Explore ground lease structures for properties in Queens.

Learn About Ground Leases →

Invest in Queens

Our team has deep expertise in Queens real estate. Let us help you find the right opportunity.