Brick Residential Income
For Sale
$1,025,000
11715 200th Street, Saint Albans, NY 11412
1925 property with granite counters, finished full basement space, and wall/window unit cooling.
Property Size1,698 SF
Days on Market267
Property Features for 11715 200th Street
General Information
Standard status
Active
Size
1,698 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$4,184
Amenities
Wall/Window Unit(s)
Baseboard
Finished, Full
Granite Counters
Brick
No Garage, None
Awning(s)
Colonial
Building Details
Building Size
1,698 SF
Year Built
1925
Listing Agency:
La Rosa Realty New York
(617) 680-4087
Listed By:
Clovis B. Nelson
Source:
Evrealestate
Added: Dec 8, 2025
Changed: Aug 30
Last Checked: Aug 31 at 2:43PM
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 La Rosa Realty New York
Investment Insights
Based on property information with market context.
Built in 1925, this residential income property features a brick exterior, Colonial design, awnings, granite counters, baseboard heating, and wall/window unit cooling. Interior space includes a finished full basement, while the property has no garage.
The property is located at 11715 200th Street in Saint Albans, Queens County, New York, with access via Linden Boulevard to 200 Street.
The property is located at 11715 200th Street in Saint Albans, Queens County, New York, with access via Linden Boulevard to 200 Street.
Key Highlights
- 1925 construction with brick exterior and Colonial design
- Granite counters and finished full basement
- Wall/window unit cooling and baseboard heating
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,507
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$830,140
$830.1K
Cap Rate 7%
$592,957
$593.0K
Cap Rate 9%
$461,189
$461.2K
Market Conditions
NOI Build-Up for 1,698 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$78.4K $46.20/SF
− Vacancy
−$3.0K −$1.76/SF
EGI
$75.5K $44.44/SF
− OpEx
−$34.0K −$20.00/SF
NOI
$41.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$830,140
Cap Rate 7%
$592,957
Cap Rate 9%
$461,189
Alternative Uses
Best Use
Apartment 5plus
$593.0K
$518.8K – $691.8K
NOI $41,507 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.25M
$1.10M – $1.46M
NOI $87,625 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,386
Businesses Nearby
Explore this area
Business Placement
Demographics for 11412, NY
37,958
Population
12,821
Households
3
Avg Household Size
41
Median Age
25%
College-Educated
89%
High-School Grad
1.6 sq mi
ZIP Area
23,724
Density / Sq Mi
$98,418
Median Household Income
$48,243
Median Earnings
$1,630
Median Rent
$633,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - 1925 property with granite counters, finished full basement space, and wall/window unit cooling.
Where is this residential income property located?
The property is located at 11715 200th Street Saint Albans, NY.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: 1925 construction with brick exterior and Colonial design; Granite counters and finished full basement; Wall/window unit cooling and baseboard heating
