13870 Elder Avenue Ave 1st floor unit, Queens, NY 11355
First-floor income unit is currently rented, and the buyer must assume the existing tenant.
- Added:
- Jun 17, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 20 at 7:50 am
Property Features for 13870 Elder Avenue Ave 1st floor unit
General Information
- Standard status
- Active
- Size
- 750 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1963
Listing agent Faye Young (917) 379-4333
Listing office Forward NY Real Estate Corporation (917) 379-4333
Listing date Jun 17, 2026
Source Elliman
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 Forward NY Real Estate Corporation
HighLights
- First‑floor income unit is currently rented and buyer must assume the existing tenant
- Approx. 750 sq ft unit
- BikeScore 64, Bikeable
- WalkScore 96, Walker's Paradise
- TransitScore 100, Rider's Paradise
Overview
The unit is located in Queens, New York at 13870 Elder Avenue. The provided mobility scores indicate a strong pedestrian and transit environment, with a WalkScore of 96 and a TransitScore of 100. BikeScore is listed as 64, described as bikeable.
For buyers or investors seeking a residential income property with an occupied unit, this structure can be workable given the clear tenant-assumption requirement. Since the unit is already rented, prospective buyers can focus their review on the terms associated with taking the existing tenant, along with the unit’s condition and suitability for continued residential use. The combination of a first-floor layout and a small, defined footprint may appeal to operators looking to maintain a stable, tenant-occupied asset in a transit- and walk-accessible area.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.7k | $46.20 |
| − Vacancy | −$1.3k | −$1.76 |
| EGI | $33.3k | $44.44 |
| − OpEx | −$15.0k | −$20.00 |
| NOI | $18.3k | $24.44 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.936874
- Latitude
- 40.775384
