Apartment Building with Transit
134-16 35th Ave Com 1, Queens, NY 11354
For Sale
$5,900,000
Established apartment property with strong walkability and access to public transportation.
Property Size7,477 SF
Days on Market99
Property Features for 134-16 35th Ave Com 1
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
E REALTY INTERNATIONAL CORP.
Listed By:
Rong Dong · License NY #10401237304
(917) 969-8898
Source:
Elliman
Added: Aug 8
Changed: Oct 29
Last Checked: Nov 12 at 7:52AM
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 E REALTY INTERNATIONAL CORP.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This apartment building was constructed in 1950 and is located at 134-16 35th Ave Com 1 in Queens, New York. The property’s setting records a walk score of 96 and a transit score of 100, indicating extensive pedestrian and public transportation access. Its bike score is 64, providing an additional alternative transportation option.
Key Highlights
- Apartment building constructed in 1950
- Walk score of 96
- Transit score of 100
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$182,771
Cap Rate
3.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,655,420
$3.7M
Cap Rate 7%
$2,611,014
$2.6M
Cap Rate 9%
$2,030,789
$2.0M
Market Conditions
NOI Build-Up for 7,477 SF
Gross rent
$345.4K $46.20/SF
− Vacancy
−$13.1K −$1.76/SF
EGI
$332.3K $44.44/SF
− OpEx
−$149.5K −$20.00/SF
NOI
$182.8K $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%
$3,655,420
Cap Rate 7%
$2,611,014
Cap Rate 9%
$2,030,789
Alternative Uses
Best Use
Apartment 5plus
$2.61M
$2.28M – $3.05M
NOI $182,771 @ 7.0% cap · market cap 3.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.51M
$4.82M – $6.43M
NOI $385,849 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
3,612
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
Properties on Market for Apartment buildings in Queens
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Established apartment property with strong walkability and access to public transportation.
Where is this apartment building located?
The property is located at 134-16 35th Ave Com 1 Queens, NY.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: Apartment building constructed in 1950; Walk score of 96; Transit score of 100
