Converted Condominium Apartment
14809 Northern Blvd Unit 148-09 Flushing, NY 11354
For Sale
$750,000
Brand-new renovated units in a pre-war converted condominium building with elevatored access and planned onsite amenities.
Property Size1,629 SF
Price / SF$460.41
Days on Market279
Property Features for 14809 Northern Blvd Unit 148-09
General Information
- Standard status
- Active
- Size
- 1,629 SF
- Property subtype
- Apartment
Building Details
- Year Built
- 1924
Listing Agency:
Corcoran Group
(212) 355-3550
Listed By:
Tam Le
(718) 422-2524
Source:
Xome
Added: Oct 19, 2025
Changed: Jul 23
Last Checked: Jul 23 at 4:05PM
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 Corcoran Group
Investment Insights
Based on property information with market context.
Northern Lights is a collection of newly released, brand-new and renovated apartment homes in a re-imagined pre-war, converted condominium building. The offering features four elevatored buildings and combines pre-war aesthetics with modern conveniences and resident-focused amenities. Unit 1D is a 1,629-square-foot three-bedroom, two-bath home with an open layout anchored by a grand living room and adjacent dining room, plus an eat-in, windowed kitchen. The kitchen includes quartz countertops, generous counter space, and an appliance package featuring Bertazzoni, Blomberg, and LG. Oversized bedrooms include ample storage, and each en-suite bathroom is designed as part of the home’s overall plan.
The community includes a gated entrance to a landscaped courtyard, residents’ lounge, children’s play area, fitness center, and a building laundry facility, along with in-unit washer and dryer. Additional onsite private storage is available, and heat is included. A live-in super is also provided.
Northern Lights is located moments from Downtown Flushing and is accessible by the 7 Train, local and express buses, and the LIRR. The complete offering terms are available in the offering plan from Sponsor File No. CD060463.
The community includes a gated entrance to a landscaped courtyard, residents’ lounge, children’s play area, fitness center, and a building laundry facility, along with in-unit washer and dryer. Additional onsite private storage is available, and heat is included. A live-in super is also provided.
Northern Lights is located moments from Downtown Flushing and is accessible by the 7 Train, local and express buses, and the LIRR. The complete offering terms are available in the offering plan from Sponsor File No. CD060463.
Key Highlights
- Unit 1D features 1,629 SF with 3 bedrooms and 2 bathrooms in a pre‑war converted condominium building.
- Building has elevatored access and includes planned amenities such as a gated entrance, landscaped courtyard, residents' lounge, and fitness center.
- Onsite amenities include a children's play area, building laundry facility, and onsite private additional storage.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.3k | $46.20 |
| − Vacancy | −$2.9k | −$1.76 |
| EGI | $72.4k | $44.44 |
| − OpEx | −$32.6k | −$20.00 |
| NOI | $39.8k | $24.44 |
1,629 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$568.9K
$497.8K – $663.7K
NOI $39,820 @ 7.0% cap · market cap 5.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,064 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Residential income properties
FAQs
What type of property is this?
Residential income property - Brand-new renovated units in a pre-war converted condominium building with elevatored access and planned onsite amenities.
Where is this residential income property located?
The property is located at 14809 Northern Blvd Unit 148-09 Flushing, NY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Unit 1D features 1,629 SF with 3 bedrooms and 2 bathrooms in a pre‑war converted condominium building.; Building has elevatored access and includes planned amenities such as a gated entrance, landscaped courtyard, residents' lounge, and fitness center.; Onsite amenities include a children's play area, building laundry facility, and onsite private additional storage.
