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Queens

Investment sales, advisory, and complimentary property valuations across Long Island City, Astoria, Sunnyside, Woodside, Jackson Heights, Flushing, and the Rockaways. Invictus Property Advisors helps owners navigate Queens' diverse commercial real estate markets - from waterfront luxury towers and historic multifamily walkups to industrial conversions and the thriving immigrant entrepreneur corridors that define the borough's economic vitality.

Investment Sales & Advisory
in Queens

Queens stands as New York City's most diverse and rapidly growing borough, offering investors unmatched variety across residential, commercial, and industrial asset classes. Stretching from the East River to the Atlantic Ocean and encompassing over 100 distinct neighborhoods, the borough provides everything from luxury waterfront development in Long Island City to historic multifamily housing in Astoria, industrial conversions in Maspeth, and vibrant retail corridors in Flushing and Jackson Heights.

The borough's building inventory includes pre-war brick walkups and elevator buildings, converted industrial lofts, new luxury high-rises, and single-family homes with accessory dwelling unit potential. The 7, E, F, M, N, W, and LIRR lines provide extensive Manhattan connectivity, while LaGuardia and JFK airports anchor the borough's role in global commerce. Queens Boulevard, Northern Boulevard, and Roosevelt Avenue serve as the borough's primary commercial spines, connecting diverse immigrant communities and thriving small business ecosystems.

Invictus Property Advisors brings hands-on experience across Queens' commercial real estate markets. Our team has closed transactions in Long Island City, Astoria, Sunnyside, Woodside, Jackson Heights, and Flushing - advising long-term owners, immigrant entrepreneurs, institutional investors, and developers on building sales, valuations, and strategic positioning. Whether you own a walkup in Astoria or a development site in Long Island City, we provide the market insight and execution to help you make informed decisions.

Market Snapshot

$400-$900
PPSF Range
Multifamily buildings
▲ YoY
4.0%-6.0%
Cap Rate Range
Varies by submarket
— Stable
7-17x
GRM
Gross Rent Multiplier
— Stable
$100-$500
PPBSF Range
Buildable square foot
▲ YoY

Ranges reflect recent Queens transactions tracked by Invictus Property Advisors. Pricing varies significantly by submarket, asset condition, rent roll composition, transit proximity, and location within the borough. Contact us for a current, property-specific analysis.

What We Do

Through a tailor-made marketing approach, we maximize asset value and create opportunities for investors and owners across Queens.

Investment Sales

Investment Sales

Strategic marketing and sale of multifamily, mixed-use, and development assets throughout Queens. Our team designs a tailored campaign for each listing - from luxury waterfront towers in Long Island City to historic walkups in Astoria and industrial conversions in Maspeth - positioning each asset to attract the strongest buyer pool and optimal pricing.

Property Valuation

Property Valuation

Complimentary broker opinions of value for Queens property owners, backed by current comparable sales data, our proprietary database, and direct knowledge of borough-wide and submarket-specific pricing trends. Whether you are considering a sale or simply want to understand your property's current market position, our valuations provide the clarity needed to make informed decisions.

Market Advisory

Market Advisory

In-depth analysis of Queens' evolving commercial real estate landscape - including submarket-specific pricing trends, cap rate movement, rent regulation impacts (HSTPA, Good Cause), and the effect of infrastructure projects like the Second Avenue Subway extension to East Harlem, LaGuardia Airport reconstruction, and potential Triboro RX on local property values.

Buyer Representation

Buyer Representation

Identifying on-market and off-market acquisition opportunities for investors targeting Queens' multifamily, mixed-use, and development inventory. We leverage our proprietary database and broker relationships to connect buyers with assets that match their investment criteria - from value-add walkups in immigrant corridors to stabilized luxury rentals in Long Island City.

1031 Exchange Assistance

1031 Exchange Assistance

Guidance for Queens property owners looking to defer capital gains taxes through a like-kind exchange. We help identify qualified replacement properties within IRS timelines and coordinate with tax professionals and attorneys to ensure a smooth exchange process.

Leasing & Management

Leasing & Management

Retail leasing, mortgage brokerage, and property management services available as part of a full-service approach. For owners who also need support with tenant placement, lease negotiations, or day-to-day building operations, Invictus offers integrated solutions designed to maximize net operating income.

Who We Work With

Owners and investors active across Queens.

Private Owners

Long-term holders of multifamily buildings - many with multi-generational immigrant family ownership - who are evaluating their options in a rapidly evolving borough. Whether you are exploring a sale, considering a refinance, or planning a generational transfer, our team provides straightforward guidance on current market value and strategic alternatives.

Investors & Funds

Private and institutional investors seeking value-add, core-plus, and stabilized multifamily opportunities across Queens submarkets. Buyer demand remains strong for well-located assets with upside - particularly in Long Island City, Astoria, and along major transit corridors - and we actively match qualified buyers with off-market and exclusive opportunities.

Developers

Ground-up and conversion developers targeting Queens' remaining industrial sites, underutilized parcels, and rezoning opportunities. With Long Island City largely built out, attention has shifted to Maspeth, Sunnyside Yards-adjacent areas, and Southern Queens manufacturing zones. We advise on assemblage strategies, zoning analysis, and disposition timing.

Recent Queens Activity

Closed Sale

44-28 Purves Street, Long Island City

Successfully marketed and sold a luxury multifamily asset in the heart of Long Island City's Court Square district. The boutique building featured modern finishes, strong rent roll, and proximity to multiple subway lines. Invictus managed a competitive bidding process that attracted institutional buyers and exceeded pricing expectations.

$32.5MM
Sale Price
$925
PPSF
Closed Sale

30-82 Steinway Street, Astoria

Represented the owner in the sale of a mixed-use retail and residential building along Astoria's primary commercial corridor. The property featured ground-floor retail with strong tenant credit and ten residential units above. The transaction required careful coordination of commercial lease assignments in a high-traffic retail environment.

$8.4M
Sale Price
$485
PPSF
Closed Sale

82-02 Roosevelt Avenue, Jackson Heights

Advised the long-term owner on the disposition of a historic multifamily walkup in Jackson Heights' historic district. The property featured pre-war architectural details, stable rent roll, and significant upside potential. The sale attracted both local investors and out-of-market buyers seeking exposure to Queens' immigrant entrepreneur corridors.

$4.2M
Sale Price
$385
PPSF

Frequently
Asked
Questions

The process typically begins with a complimentary property valuation where we assess your building's current market value based on comparable sales, rent roll analysis, and market conditions. From there, we develop a tailored marketing strategy, prepare professional materials, and conduct targeted outreach to qualified buyers. Once offers are received, we negotiate on your behalf to secure the best possible terms. After a purchase agreement is signed, we guide you through due diligence and closing - which typically takes 60 to 90 days.

A broker brings market expertise, access to a qualified buyer network, and negotiation experience that typically results in higher sale prices and shorter marketing periods. At Invictus, each listing is worked on by the entire team - ensuring maximum exposure, competitive bidding environments, and a streamlined process from listing to closing. Our proprietary database and established relationships with active buyers across New York City allow us to identify the right match for your asset quickly and confidently.

Timelines vary depending on property type, pricing, market conditions, and buyer due diligence requirements. In Queens, a well-positioned multifamily or mixed-use asset can attract offers within weeks of going to market, with a typical closing period of 60 to 90 days from contract signing. More complex assets - such as those with commercial tenant considerations, landmark status, or development site entitlements - may require additional time. We provide a realistic timeline estimate specific to your property during the initial consultation.

A 1031 exchange allows you to defer capital gains taxes by reinvesting the proceeds from the sale of an investment property into another qualifying property within specific IRS timelines. Invictus regularly assists owners with identifying suitable replacement properties, coordinating with qualified intermediaries, and managing the exchange timeline to ensure compliance. We recommend consulting with your tax advisor to determine whether a 1031 exchange aligns with your financial goals.

Contact our team for a complimentary broker opinion of value. We analyze recent comparable sales, current market conditions, your building's rent roll, operating expenses, and physical condition to provide a thorough and accurate assessment. Our valuations are data-driven and grounded in real transaction experience - not automated estimates. You can request a valuation through the form on this page or by calling (212) 596-7570.

We specialize in multifamily buildings (both historic walkups and new construction), mixed-use properties, development sites, and retail assets throughout Long Island City, Astoria, Sunnyside, Woodside, Jackson Heights, Flushing, and the Rockaways. Our team has closed transactions across all major asset classes in the borough - from boutique luxury towers to large industrial assemblages. Whether your property is a single building or part of a larger portfolio, we have the expertise and network to maximize its value.

The Housing Stability and Tenant Protection Act (HSTPA) of 2019 significantly changed the economics of rent-stabilized buildings by eliminating vacancy decontrol and limiting the ability to recover renovation costs through rent increases. More recent legislation, including amendments to substantial rehabilitation rules and the introduction of Good Cause eviction protections, continue to impact building operations and investor underwriting. Our team stays current on all regulatory developments and can help you understand how these changes affect your specific asset's value and marketability.

Market timing depends on your individual financial situation, property condition, and investment goals. Queens' commercial real estate market continues to benefit from strong rental demand, population growth, infrastructure investment, and growing buyer interest - particularly for well-located assets with upside potential. The borough's relative affordability compared to Manhattan and Brooklyn, combined with its diversity and transit access, makes it attractive to both first-time investors and established buyers. We recommend starting with a complimentary valuation to understand your property's current market position before making any decisions.

Let's Talk About
Queens

Whether you are considering selling, looking to invest, or want to understand your property's current market value - we are here to help. Request a complimentary valuation or schedule a consultation with our team. We work with owners and investors across Long Island City, Astoria, Sunnyside, Woodside, Jackson Heights, Flushing, and the Rockaways.

Office 222 West 37th Street, 14th Floor, New York, NY 10018