Well-Maintained Apartment Near
For Sale
$360,000
Pending
144-30 Sanford Ave 5, Queens, NY 11355
1-bedroom apartment near 7 train, LIRR, Main Street.
Property Size750 SF
Days on Market315
Property Features for 144-30 Sanford Ave 5
General Information
Standard status
Pending
Size
750 SF
Property subtype
Residential
Building Details
Building Size
750 SF
Year Built
1960
Listed By:
Wei Chen · License #10401376892
(718) 795-7826
Source:
Elliman
Added: Nov 27, 2025
Changed: Sep 23
Last Checked: Oct 7 at 12:02PM
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 Wei Chen
Investment Insights
Based on property information with market context.
This well-maintained apartment features one bedroom and one bathroom and is located on the 5th floor. The floor plan is thoughtfully designed, including a spacious living room and a dining-friendly kitchen. The large living room is spacious enough to be used as a 2-bedroom layout while maintaining a cozy atmosphere. Ample closet space provides convenient storage. A laundry room is located on the first floor, and parking is available with a waiting list. Subletting is allowed after two years of ownership. The apartment is located in a prime area, just steps away from the 7 train line, LIRR local bus routes Q26/Q15/Q15A, Main Street, post office, library, and supermarkets, offering convenience for daily necessities and transportation. The maintenance fee covers all utilities except electricity.
Key Highlights
- Prime location: Steps away from the 7 train line, LIRR, local bus routes, Main Street, post office, library, and supermarkets.
- Spacious living room adaptable to a 2‑bedroom layout.
- Maintenance fee covers all utilities except electricity.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,333
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,660
$366.7K
Cap Rate 7%
$261,900
$261.9K
Cap Rate 9%
$203,700
$203.7K
Market Conditions
NOI Build-Up for 750 SF
Gross rent
$34.7K $46.20/SF
− Vacancy
−$1.3K −$1.76/SF
EGI
$33.3K $44.44/SF
− OpEx
−$15.0K −$20.00/SF
NOI
$18.3K $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%
$366,660
Cap Rate 7%
$261,900
Cap Rate 9%
$203,700
Alternative Uses
Best Use
Apartment 5plus
$261.9K
$229.2K – $305.6K
NOI $18,333 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$552.9K
$483.8K – $645.1K
NOI $38,704 @ 7.0% cap · market cap 10.75%
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 1-bedroom apartment near 7 train, LIRR, Main Street.
Where is this apartment building located?
The property is located at 144-30 Sanford Ave 5 Queens, NY.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Prime location: Steps away from the 7 train line, LIRR, local bus routes, Main Street, post office, library, and supermarkets.; Spacious living room adaptable to a 2‑bedroom layout.; Maintenance fee covers all utilities except electricity.
