Rented Residential Income
13870 Elder Avenue Flushing, NY 11355
For Sale
$339,000
SINGLE_FAMILY - Flushing, NY
Property Size750 SF
Lot Size0.79 Acres
Price / SF$452
Days on Market52
Property Features for 13870 Elder Avenue
General Information
Property type
Residential
Property subtype
Office
Zoning
R7-1
Rooms
Basement
Basement
Finished
Standard status
Active
APN
05145-0055
Lot size
0.79 Acres
Taxes and HOA fees
Tax Year
2027
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Electric
Water source
Public
Building Details
Year built
1963
Listing Agency:
Forward NY Real Estate Corp
(917) 535-5767
Listed By:
Faye Young
(917) 379-4333
Added: Jun 9
Last Checked: Jul 30 at 10:06AM
MLS# 1011343
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This residential income property is currently rented. The unit is approximately 750 square feet, and the buyer will need to take the tenant in place.
The property is situated on a lot of approximately 0.7897 acres and is identified with zoning R7-1.
Listing information is provided for 13870 Elder Avenue in Flushing, Queens County.
The property is situated on a lot of approximately 0.7897 acres and is identified with zoning R7-1.
Listing information is provided for 13870 Elder Avenue in Flushing, Queens County.
Key Highlights
- About 750 sq ft unit that is currently rented; buyer must take the tenant
- Heating: natural gas
- Cooling: electric
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 |
750 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$261.9K
$229.2K – $305.6K
NOI $18,333 @ 7.0% cap · market cap 5.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$552.9K
$483.8K – $645.1K
NOI $38,704 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Single family property - Residential income property currently rented, with buyer taking the existing tenant.
Where is this single family property located?
The property is located at 13870 Elder Avenue Flushing, NY.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: About 750 sq ft unit that is currently rented; buyer must take the tenant; Heating: natural gas; Cooling: electric
