Queens Apartment Building For
For Sale
$195,000
Pending
20403 36th Ave 397, Queens, NY 11361
Apartment building located in Queens, New York.
Property Size500 SF
Days on Market315
Property Features for 20403 36th Ave 397
General Information
Standard status
Pending
Size
500 SF
Property subtype
Residential
Building Details
Building Size
500 SF
Year Built
1950
Listed By:
Ann Acquaviva CBR SFR GRI
(201) 400-7760
Source:
Elliman
Added: Nov 28, 2025
Changed: Sep 25
Last Checked: Oct 7 at 1:44PM
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 Ann Acquaviva CBR SFR GRI
Investment Insights
Based on property information with market context.
This apartment building is located in Queens, New York. The list price is $199,000.
Key Highlights
- Year Built: 1950
- Price: $11
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,222
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$244,440
$244.4K
Cap Rate 7%
$174,600
$174.6K
Cap Rate 9%
$135,800
$135.8K
Market Conditions
NOI Build-Up for 500 SF
Gross rent
$23.1K $46.20/SF
− Vacancy
−$878 −$1.76/SF
EGI
$22.2K $44.44/SF
− OpEx
−$10.0K −$20.00/SF
NOI
$12.2K $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%
$244,440
Cap Rate 7%
$174,600
Cap Rate 9%
$135,800
Alternative Uses
Best Use
Apartment 5plus
$174.6K
$152.8K – $203.7K
NOI $12,222 @ 7.0% cap · market cap 6.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$368.6K
$322.5K – $430.0K
NOI $25,802 @ 7.0% cap · market cap 13.23%
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
5,543
Businesses Nearby
Explore this area
Business Placement
Demographics for 11361, NY
29,116
Population
11,934
Households
2.4
Avg Household Size
43
Median Age
48%
College-Educated
88%
High-School Grad
1.7 sq mi
ZIP Area
17,127
Density / Sq Mi
$108,391
Median Household Income
$58,410
Median Earnings
$2,315
Median Rent
$900,700
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 20403 36th Ave 397 Queens, NY.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Year Built: 1950; Price: $11
