Building Details

Building Size 700 SF

Year Built 1952

Listed By: Lina F. Posecion Show Phone

Source: Elliman

Added: Nov 27, 2025 Changed: Oct 5 Last Checked: Oct 9 at 10:54PM

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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 Lina F. Posecion

Investment Insights

Based on property information with market context.

This is a one-bedroom co-op featuring a fully renovated kitchen and bath. The property is located within walking distance of shops, parks, and transportation.

Key Highlights

• Fully renovated kitchen and bath
• Large one bedroom
• Walking distance to shops

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,111

Cap Rate

8.60%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$342,220 $342.2K

Cap Rate 7%

$244,443 $244.4K

Cap Rate 9%

$190,122 $190.1K

Market Conditions

NOI Build-Up for 700 SF

Gross rent

$32.3K $46.20/SF

− Vacancy

−$1.2K −$1.76/SF

EGI

$31.1K $44.44/SF

− OpEx

−$14.0K −$20.00/SF

NOI

$17.1K $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%

$342,220

Cap Rate 7%

$244,443

Cap Rate 9%

$190,122

Alternative Uses

Best Use

Apartment 5plus

$244.4K

$213.9K – $285.2K (±1% cap)

NOI $17,111 @ 7.0% cap · market cap 8.60%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$516.0K

$451.5K – $602.1K (±1% cap)

NOI $36,123 @ 7.0% cap · market cap 18.15%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

M&M LLC Consultant

Suggested Use

Top Pick Gym & Fitness Center Clothing & Fashion Store Nursing Home Veterinary Clinic Catering Service Bed & Breakfast

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,748

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - Renovated one-bedroom co-op near shops, parks, and transportation.

Where is this apartment building located?

The property is located at 147-14 84th Rd 2D Queens, NY.

What is the asking price?

The asking price for this property is $199,000.

What are key features of this property?

This property features: Fully renovated kitchen and bath; Large one bedroom; Walking distance to shops