16-Unit Apartment
139-70 Pershing Crescent, Briarwood, NY 11435
For Sale
$8,300,000
Two adjacent buildings are offered together, each with finished basement space and two-car parking.
Property Size11,068 SF
Price / SF$749.91
Days on Market105
Property Features for 139-70 Pershing Crescent
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
full finished basements
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
Jamie Realty Group
Listed By:
Xiao Zheng · License #10491212408
(718) 886-0668
Source:
Clairedleone
Added: Jul 28
Changed: Nov 7
Last Checked: Nov 8 at 7:11PM
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 Jamie Realty Group
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Investment Insights
Based on property information with market context.
The offering combines two apartment buildings at 139-70 and 139-72 Pershing Crescent, with 16 residential units and 11,068 square feet in total. Built in 2006, the properties have a combined 22 bedrooms and 16 full bathrooms. Each building contains six one-bedroom apartments, one two-bedroom apartment, and one three-bedroom apartment; every unit includes a kitchen, living/dining room, and one full bathroom. Both buildings also have finished basements and parking for two cars apiece.
The properties are in Briarwood, Queens, near shopping, restaurants, parks, and schools. Q20 and Q44 SBS bus service is accessible nearby. Both parcels are zoned R6A.
The properties are in Briarwood, Queens, near shopping, restaurants, parks, and schools. Q20 and Q44 SBS bus service is accessible nearby. Both parcels are zoned R6A.
Key Highlights
- Two buildings offered together at 139‑70 and 139‑72 Pershing Crescent
- 16 residential units with 22 bedrooms and 16 full bathrooms combined
- Each building has six one‑bedroom units, one two‑bedroom unit, and one three‑bedroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$270,551
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,411,020
$5.4M
Cap Rate 7%
$3,865,014
$3.9M
Cap Rate 9%
$3,006,122
$3.0M
Market Conditions
NOI Build-Up for 11,068 SF
Gross rent
$511.3K $46.20/SF
− Vacancy
−$19.4K −$1.76/SF
EGI
$491.9K $44.44/SF
− OpEx
−$221.4K −$20.00/SF
NOI
$270.6K $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%
$5,411,020
Cap Rate 7%
$3,865,014
Cap Rate 9%
$3,006,122
Alternative Uses
Best Use
Apartment 5plus
$3.87M
$3.38M – $4.51M
NOI $270,551 @ 7.0% cap · market cap 3.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.16M
$7.14M – $9.52M
NOI $571,162 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
2,549
Businesses Nearby
Explore this area
Business Placement
Demographics for 11435, NY
58,980
Population
21,180
Households
2.8
Avg Household Size
38
Median Age
32%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
39,320
Density / Sq Mi
$79,430
Median Household Income
$43,354
Median Earnings
$1,820
Median Rent
$550,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Queens County, NY
Properties on Market for Apartment buildings in Queens County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Two adjacent buildings are offered together, each with finished basement space and two-car parking.
Where is this apartment building located?
The property is located at 139-70 Pershing Crescent Briarwood, NY.
What is the asking price?
The asking price for this property is $8,300,000.
What are key features of this property?
This property features: Two buildings offered together at 139‑70 and 139‑72 Pershing Crescent; 16 residential units with 22 bedrooms and 16 full bathrooms combined; Each building has six one‑bedroom units, one two‑bedroom unit, and one three‑bedroom unit
