Two-Bedroom Cooperative
For Sale
$340,000
Pending
140-39 34th Avenue 2T, Queens, NY 11354
Renovated kitchen, elevator access, on-site laundry, and a parking garage waitlist support convenient residential living.
Property Size936 SF
Days on Market123
Property Features for 140-39 34th Avenue 2T
General Information
Standard status
Pending
Size
936 SF
Property subtype
Apartment
Building Details
Building Size
936 SF
Year Built
1900
Listing Agency:
All Area Brokerage Inc
Listed By:
Nadine Persaud
(516) 261-4550
Source:
Miradorrealestate
Added: Jun 5
Changed: Sep 25
Last Checked: Oct 4 at 2:59PM
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 All Area Brokerage Inc
Investment Insights
Based on property information with market context.
This 936-square-foot, two-bedroom cooperative apartment features an open-concept living and dining area suited to everyday living and entertaining. The fully renovated kitchen includes granite countertops, stainless steel appliances, and modern cabinetry. Both bedrooms are generously proportioned, offering flexibility for guests or a home office. The apartment is described as move-in ready, subject to board approval.
The elevator building includes on-site laundry and a parking garage with a waitlist. Maintenance covers heat, gas, hot water, sewer, and electricity. The property is located in Flushing, minutes from the 7 train, LIRR, and multiple bus lines, with dining and shopping along Main Street. No subletting and no pets are permitted.
The elevator building includes on-site laundry and a parking garage with a waitlist. Maintenance covers heat, gas, hot water, sewer, and electricity. The property is located in Flushing, minutes from the 7 train, LIRR, and multiple bus lines, with dining and shopping along Main Street. No subletting and no pets are permitted.
Key Highlights
- 936‑square‑foot cooperative apartment with two bedrooms
- Fully renovated kitchen with granite countertops, stainless steel appliances, and modern cabinetry
- Elevator building with on‑site laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,880
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,600
$457.6K
Cap Rate 7%
$326,857
$326.9K
Cap Rate 9%
$254,222
$254.2K
Market Conditions
NOI Build-Up for 936 SF
Gross rent
$43.2K $46.20/SF
− Vacancy
−$1.6K −$1.76/SF
EGI
$41.6K $44.44/SF
− OpEx
−$18.7K −$20.00/SF
NOI
$22.9K $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%
$457,600
Cap Rate 7%
$326,857
Cap Rate 9%
$254,222
Alternative Uses
Best Use
Apartment 5plus
$326.9K
$286.0K – $381.3K
NOI $22,880 @ 7.0% cap · market cap 6.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$690.0K
$603.8K – $805.0K
NOI $48,302 @ 7.0% cap · market cap 14.21%
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
3,316
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Renovated kitchen, elevator access, on-site laundry, and a parking garage waitlist support convenient residential living.
Where is this residential income property located?
The property is located at 140-39 34th Avenue 2T Queens, NY.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: 936‑square‑foot cooperative apartment with two bedrooms; Fully renovated kitchen with granite countertops, stainless steel appliances, and modern cabinetry; Elevator building with on‑site laundry
