Spacious Corner Unit in
For Sale
$379,000
140-15 Holly Ave 4E, Queens, NY 11355
Two-bedroom, two-bathroom corner unit with bonus office area.
Property Size1,200 SF
Days on Market315
Property Features for 140-15 Holly Ave 4E
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Residential
Building Details
Building Size
1,200 SF
Year Built
1960
Listing Agency:
Century Homes Realty Group LLC
Listed By:
Eran Hershco
(718) 886-6800
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 4
Last Checked: Oct 7 at 12:34PM
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 Century Homes Realty Group LLC
Investment Insights
Based on property information with market context.
This spacious corner unit at Holly House, located in the heart of Flushing, features two bedrooms and two full bathrooms. The layout includes a bonus office area and ample closet space. The expansive living and dining area complements the king-sized bedroom, with great natural light throughout the unit. Situated off Kissena Blvd, the location provides convenient access to supermarkets, restaurants, Kissena Park, and top-rated schools such as P.S. 24 & Rachel Carson MS. Transportation options include buses Q17, Q25, Q27, Q34, and Q65, offering easy access to Main St. and the 7 Train. Subletting is permitted after 2 years. No pets are allowed.
Key Highlights
- Spacious 2‑bedroom corner unit with 2 full bathrooms and bonus office area.
- Prime location near supermarkets, restaurants, Kissena Park, and top‑rated schools (P.S. 24 & Rachel Carson MS).
- Easy access to Main St. and the 7 Train via multiple bus lines (Q17, Q25, Q27, Q34, and Q65).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,333
Cap Rate
7.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$586,660
$586.7K
Cap Rate 7%
$419,043
$419.0K
Cap Rate 9%
$325,922
$325.9K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$55.4K $46.20/SF
− Vacancy
−$2.1K −$1.76/SF
EGI
$53.3K $44.44/SF
− OpEx
−$24.0K −$20.00/SF
NOI
$29.3K $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%
$586,660
Cap Rate 7%
$419,043
Cap Rate 9%
$325,922
Alternative Uses
Best Use
Apartment 5plus
$419.0K
$366.7K – $488.9K
NOI $29,333 @ 7.0% cap · market cap 7.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$884.7K
$774.1K – $1.03M
NOI $61,926 @ 7.0% cap · market cap 16.34%
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
4,813
Businesses Nearby
Explore this area
Business Placement
Demographics for 11355, NY
89,465
Population
32,049
Households
2.8
Avg Household Size
44
Median Age
24%
College-Educated
70%
High-School Grad
1.7 sq mi
ZIP Area
52,626
Density / Sq Mi
$53,700
Median Household Income
$31,166
Median Earnings
$1,664
Median Rent
$711,500
Median Home Value
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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 - Two-bedroom, two-bathroom corner unit with bonus office area.
Where is this apartment building located?
The property is located at 140-15 Holly Ave 4E Queens, NY.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Spacious 2‑bedroom corner unit with 2 full bathrooms and bonus office area.; Prime location near supermarkets, restaurants, Kissena Park, and top‑rated schools (P.S. 24 & Rachel Carson MS).; Easy access to Main St. and the 7 Train via multiple bus lines (Q17, Q25, Q27, Q34, and Q65).
