Upgraded Apartment Near Downtown
For Sale
$366,000
14444 38th Ave C5, Queens, NY 11354
Upgraded apartment near train, subway, and shopping in Flushing.
Property Size790 SF
Days on Market314
Property Features for 14444 38th Ave C5
General Information
Standard status
Active
Size
790 SF
Property subtype
Residential
Building Details
Building Size
790 SF
Year Built
1965
Listing Agency:
Sunny Wan Realty Inc
Listed By:
Qin Wang
(646) 251-8581
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 3
Last Checked: Oct 7 at 12:54PM
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 Sunny Wan Realty Inc
Investment Insights
Based on property information with market context.
This upgraded apartment is located close to downtown Flushing, offering convenient access to a train station and subway station. The property is also situated near a shopping center, providing easy access to amenities. It is intended as a nice home to live in the downtown Flushing area.
Key Highlights
- Newly upgraded.
- Close to downtown Flushing.
- Walking distance to train station.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,311
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,220
$386.2K
Cap Rate 7%
$275,871
$275.9K
Cap Rate 9%
$214,567
$214.6K
Market Conditions
NOI Build-Up for 790 SF
Gross rent
$36.5K $46.20/SF
− Vacancy
−$1.4K −$1.76/SF
EGI
$35.1K $44.44/SF
− OpEx
−$15.8K −$20.00/SF
NOI
$19.3K $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%
$386,220
Cap Rate 7%
$275,871
Cap Rate 9%
$214,567
Alternative Uses
Best Use
Apartment 5plus
$275.9K
$241.4K – $321.9K
NOI $19,311 @ 7.0% cap · market cap 5.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$582.4K
$509.6K – $679.5K
NOI $40,768 @ 7.0% cap · market cap 11.14%
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
6,448
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Upgraded apartment near train, subway, and shopping in Flushing.
Where is this apartment building located?
The property is located at 14444 38th Ave C5 Queens, NY.
What is the asking price?
The asking price for this property is $366,000.
What are key features of this property?
This property features: Newly upgraded.; Close to downtown Flushing.; Walking distance to train station.
