Spacious Two Bedroom
For Sale
$475,000
Pending
35-20 82 St 31, Queens, NY 11372
Large 2-bedroom co-op in Jackson Heights near shopping, transportation.
Property Size900 SF
Days on Market313
Property Features for 35-20 82 St 31
General Information
Standard status
Pending
Size
900 SF
Property subtype
Residential
Building Details
Building Size
900 SF
Year Built
1917
Listed By:
Dennis J. Mingrino
(718) 507-6000
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 5
Last Checked: Oct 5 at 7:51PM
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 Dennis J. Mingrino
Investment Insights
Based on property information with market context.
This is a large two-bedroom co-op apartment located in Jackson Heights. The co-op is situated in a building that is close to shopping and transportation. The building includes a laundry room and a large backyard patio with tables and chairs. The apartment, approximately 900 square feet, features a living room/dining area, a formal dining room, an eat-in kitchen, two bedrooms, and a bath. The property is intended for residential use.
Key Highlights
- Spacious 2‑bedroom co‑op apartment (approximately 900 sq ft).
- Prime Jackson Heights location, convenient to shopping and transportation.
- Laundry room on premises.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,000
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$440,000
$440.0K
Cap Rate 7%
$314,286
$314.3K
Cap Rate 9%
$244,444
$244.4K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$41.6K $46.20/SF
− Vacancy
−$1.6K −$1.76/SF
EGI
$40.0K $44.44/SF
− OpEx
−$18.0K −$20.00/SF
NOI
$22.0K $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%
$440,000
Cap Rate 7%
$314,286
Cap Rate 9%
$244,444
Alternative Uses
Best Use
Apartment 5plus
$314.3K
$275.0K – $366.7K
NOI $22,000 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$663.5K
$580.6K – $774.1K
NOI $46,444 @ 7.0% cap · market cap 9.78%
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
8,269
Businesses Nearby
Explore this area
Business Placement
Demographics for 11372, NY
68,000
Population
26,613
Households
2.6
Avg Household Size
41
Median Age
35%
College-Educated
81%
High-School Grad
0.7 sq mi
ZIP Area
97,143
Density / Sq Mi
$77,133
Median Household Income
$44,415
Median Earnings
$1,795
Median Rent
$454,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Large 2-bedroom co-op in Jackson Heights near shopping, transportation.
Where is this apartment building located?
The property is located at 35-20 82 St 31 Queens, NY.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Spacious 2‑bedroom co‑op apartment (approximately 900 sq ft).; Prime Jackson Heights location, convenient to shopping and transportation.; Laundry room on premises.
