Queens Apartment Building for
For Sale
$330,000
Pending
117-01 Park Lane South B3H, Queens, NY 11415
Apartment building located in Queens, New York.
Property Size1,000 SF
Days on Market315
Property Features for 117-01 Park Lane South B3H
General Information
Standard status
Pending
Size
1,000 SF
Property subtype
Residential
Building Details
Building Size
1,000 SF
Year Built
1936
Listed By:
Eric A. Lalo
(646) 480-7689
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 7
Last Checked: Oct 7 at 2:22PM
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 Eric A. Lalo
Investment Insights
Based on property information with market context.
This property is an apartment building located in Queens, New York. The list price is $330,000.
Key Highlights
- Year Built: 1936
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,444
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,880
$488.9K
Cap Rate 7%
$349,200
$349.2K
Cap Rate 9%
$271,600
$271.6K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$46.2K $46.20/SF
− Vacancy
−$1.8K −$1.76/SF
EGI
$44.4K $44.44/SF
− OpEx
−$20.0K −$20.00/SF
NOI
$24.4K $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%
$488,880
Cap Rate 7%
$349,200
Cap Rate 9%
$271,600
Alternative Uses
Best Use
Apartment 5plus
$349.2K
$305.6K – $407.4K
NOI $24,444 @ 7.0% cap · market cap 7.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$737.2K
$645.1K – $860.1K
NOI $51,605 @ 7.0% cap · market cap 15.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,487
Businesses Nearby
Explore this area
Business Placement
Demographics for 11415, NY
20,241
Population
9,794
Households
2.1
Avg Household Size
41
Median Age
53%
College-Educated
89%
High-School Grad
0.6 sq mi
ZIP Area
33,735
Density / Sq Mi
$88,632
Median Household Income
$60,950
Median Earnings
$1,909
Median Rent
$367,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment building located in Queens, New York.
Where is this apartment building located?
The property is located at 117-01 Park Lane South B3H Queens, NY.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Year Built: 1936
