Spacious Co-op in North
For Sale
$265,000
Pending
142-21 26th Ave 1D, Queens, NY 11354
Large 1-bedroom co-op with hardwood floors in prime location.
Property Size800 SF
Days on Market255
Property Features for 142-21 26th Ave 1D
General Information
Standard status
Pending
Size
800 SF
Property subtype
Residential
Building Details
Building Size
800 SF
Year Built
1960
Listing Agency:
Chous Consolidated Enterprise
(718) 200-2819
Listed By:
Dayu Li
(718) 200-2819
Source:
Elliman
Added: Nov 27, 2025
Changed: Aug 8
Last Checked: Jul 31 at 11:29AM
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 Chous Consolidated Enterprise
Investment Insights
Based on property information with market context.
This is a spacious and bright east-facing 1-bedroom co-op located on the 1st floor of a well-maintained elevator building in North Flushing. The unit features a welcoming foyer with a closet, a dedicated dining area, and a spacious living room. The kitchen has a window. The generously sized bedroom includes dual windows and two closets. The bathroom provides two linen closets for additional storage. Hardwood flooring is installed throughout the apartment. The property is conveniently located just a block from a supermarket and shopping center, and is close to schools, bus lines, and public transportation. Sale may be subject to the terms and conditions of an offering plan.
Key Highlights
- Prime North Flushing location, close to supermarket, shopping, schools, and public transportation.
- Spacious and bright east‑facing 1‑bedroom layout.
- Well‑maintained elevator building.
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
$19,556
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
7.38%
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%
$391,120
$391.1K
Cap Rate 7%
$279,371
$279.4K
Cap Rate 9%
$217,289
$217.3K
Market Conditions
NOI Build-Up for 800 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
$37.0K $46.20/SF
− Vacancy
−$1.4K −$1.76/SF
EGI
$35.6K $44.44/SF
− OpEx
−$16.0K −$20.00/SF
NOI
$19.6K $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%
$391,120
Cap Rate 7%
$279,371
Cap Rate 9%
$217,289
Alternative Uses
Best Use
Apartment 5plus
$279.4K
$244.5K – $325.9K
NOI $19,556 @ 7.0% cap · market cap 7.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$589.8K
$516.1K – $688.1K
NOI $41,284 @ 7.0% cap · market cap 15.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,985
Businesses Nearby
Explore this area
Business Placement
Demographics for 11354, NY
61,276
Population
22,979
Households
2.7
Avg Household Size
45
Median Age
33%
College-Educated
79%
High-School Grad
2.2 sq mi
ZIP Area
27,853
Density / Sq Mi
$62,833
Median Household Income
$40,404
Median Earnings
$1,766
Median Rent
$521,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Large 1-bedroom co-op with hardwood floors in prime location.
Where is this apartment building located?
The property is located at 142-21 26th Ave 1D Queens, NY.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Prime North Flushing location, close to supermarket, shopping, schools, and public transportation.; Spacious and bright east‑facing 1‑bedroom layout.; Well‑maintained elevator building.
