Spacious Corner 2-Bedroom
For Sale
$255,000
112-50 Northern Blvd 3B, Queens, NY 11368
Corner 2-bedroom apartment with renovated bathroom, laundromat, and clubhouse.
Property Size850 SF
Days on Market334
Property Features for 112-50 Northern Blvd 3B
General Information
Standard status
Active
Size
850 SF
Property subtype
Residential
Building Details
Building Size
850 SF
Year Built
1950
Listing Agency:
O Kane Realty
Listed By:
Monica R. Stachura
(917) 584-5378
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 25
Last Checked: Oct 26 at 4:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of O Kane Realty
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Investment Insights
Based on property information with market context.
This corner apartment features two bedrooms and a spacious layout. The foyer includes two coat closets, leading to a dining room adjacent to both the kitchen and living room. The kitchen has a large window, while the living room features a double panel window, hardwood floors, and a closet. The primary bedroom includes two windows on opposite sides and a large closet. The second bedroom has a window, closet, and hardwood floors. The bathroom has been recently renovated. The building offers a laundromat renovated in 2020, a storage room, and bicycle storage. Residents have access to a clubhouse with a kitchen and bathroom. On-site security is provided, and the grounds are well-maintained. The property is located near transportation, shopping, and places of worship.
Key Highlights
- Spacious 2‑bedroom corner apartment
- Renovated bathroom
- Renovated laundromat (2020)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,778
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$415,560
$415.6K
Cap Rate 7%
$296,829
$296.8K
Cap Rate 9%
$230,867
$230.9K
Market Conditions
NOI Build-Up for 850 SF
Gross rent
$39.3K $46.20/SF
− Vacancy
−$1.5K −$1.76/SF
EGI
$37.8K $44.44/SF
− OpEx
−$17.0K −$20.00/SF
NOI
$20.8K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$415,560
Cap Rate 7%
$296,829
Cap Rate 9%
$230,867
Alternative Uses
Best Use
Apartment 5plus
$296.8K
$259.7K – $346.3K
NOI $20,778 @ 7.0% cap · market cap 8.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$626.6K
$548.3K – $731.1K
NOI $43,864 @ 7.0% cap · market cap 17.20%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
6,666
Businesses Nearby
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Business Placement
Demographics for 11368, NY
117,110
Population
31,165
Households
3.8
Avg Household Size
34
Median Age
14%
College-Educated
65%
High-School Grad
2.6 sq mi
ZIP Area
45,042
Density / Sq Mi
$71,798
Median Household Income
$33,742
Median Earnings
$1,925
Median Rent
$751,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Corner 2-bedroom apartment with renovated bathroom, laundromat, and clubhouse.
Where is this apartment building located?
The property is located at 112-50 Northern Blvd 3B Queens, NY.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Spacious 2‑bedroom corner apartment; Renovated bathroom; Renovated laundromat (2020)
