Spacious Rego Park
For Sale
$299,900
Pending
98-50 63rd Dr 5F, Queens, NY 11374
One-bedroom apartment in Rego Park with hardwood floors.
Property Size700 SF
Days on Market314
Property Features for 98-50 63rd Dr 5F
General Information
Standard status
Pending
Size
700 SF
Property subtype
Residential
Building Details
Building Size
700 SF
Year Built
1949
Listed By:
Sofia Varela
(203) 969-5631
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 3
Last Checked: Oct 7 at 12:23PM
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 Sofia Varela
Investment Insights
Based on property information with market context.
This one-bedroom, one-bath apartment, located in Rego Park, offers approximately 700 square feet of space. The unit features classic hardwood floors and natural light. A special assessment of $133.48 per month is in effect from 08/01/2024 through 07/31/2028 for capital improvements. The property is conveniently located near public transportation, shopping, and dining.
Key Highlights
- Located in the heart of Rego Park, offering convenient access to public transportation, shopping, and dining.
- Spacious one‑bedroom apartment with approximately 700 square feet.
- Features classic hardwood floors.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,111
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,220
$342.2K
Cap Rate 7%
$244,443
$244.4K
Cap Rate 9%
$190,122
$190.1K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$32.3K $46.20/SF
− Vacancy
−$1.2K −$1.76/SF
EGI
$31.1K $44.44/SF
− OpEx
−$14.0K −$20.00/SF
NOI
$17.1K $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%
$342,220
Cap Rate 7%
$244,443
Cap Rate 9%
$190,122
Alternative Uses
Best Use
Apartment 5plus
$244.4K
$213.9K – $285.2K
NOI $17,111 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$516.0K
$451.5K – $602.1K
NOI $36,123 @ 7.0% cap · market cap 12.05%
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
5,009
Businesses Nearby
Explore this area
Business Placement
Demographics for 11374, NY
47,129
Population
21,197
Households
2.2
Avg Household Size
43
Median Age
51%
College-Educated
90%
High-School Grad
0.9 sq mi
ZIP Area
52,366
Density / Sq Mi
$86,333
Median Household Income
$58,309
Median Earnings
$1,957
Median Rent
$484,500
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 - One-bedroom apartment in Rego Park with hardwood floors.
Where is this apartment building located?
The property is located at 98-50 63rd Dr 5F Queens, NY.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Located in the heart of Rego Park, offering convenient access to public transportation, shopping, and dining.; Spacious one‑bedroom apartment with approximately 700 square feet.; Features classic hardwood floors.
