Bay Terrace Gardens
For Sale
$349,000
Pending
15-63 212 St 177, Queens, NY 11360
Two-bedroom co-op with parking in Bay Terrace Gardens.
Property Size1,000 SF
Days on Market314
Property Features for 15-63 212 St 177
General Information
Standard status
Pending
Size
1,000 SF
Property subtype
Residential
Building Details
Building Size
1,000 SF
Year Built
1952
Listed By:
Sandra A. Romagnuolo CBR
(516) 680-6445
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 8
Last Checked: Oct 7 at 12:46PM
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 Sandra A. Romagnuolo CBR
Investment Insights
Based on property information with market context.
This is a two-bedroom, one-bath, free-standing lower-level co-op located on a tree-lined street in Bay Terrace Gardens. The unit has hardwood floors under the carpeting and is ready for transformation. The property includes one assigned outdoor parking space and access to a playground and laundry room at the rear of the building. It is conveniently located near the Bay Terrace Shopping Center, library, elementary and middle schools, express bus to Manhattan, local bus lines, Fort Totten, Little Bay Park, Clearview Golf Course, and the Clearview and Cross Island Parkways. The monthly maintenance fee is $1170, which includes real estate taxes and all utilities. Please note that board approval is required.
Key Highlights
- Monthly maintenance of $1170 includes real estate taxes and all utilities.
- Convenient access to Bay Terrace Shopping Center, Library, Elementary/Middle School, Express Bus to Manhattan, Local Bus.
- Includes 1 assigned outdoor parking space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,444
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,880
$488.9K
Cap Rate 7%
$349,200
$349.2K
Cap Rate 9%
$271,600
$271.6K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$46.2K $46.20/SF
− Vacancy
−$1.8K −$1.76/SF
EGI
$44.4K $44.44/SF
− OpEx
−$20.0K −$20.00/SF
NOI
$24.4K $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%
$488,880
Cap Rate 7%
$349,200
Cap Rate 9%
$271,600
Alternative Uses
Best Use
Apartment 5plus
$349.2K
$305.6K – $407.4K
NOI $24,444 @ 7.0% cap · market cap 7.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$737.2K
$645.1K – $860.1K
NOI $51,605 @ 7.0% cap · market cap 14.79%
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
797
Businesses Nearby
Explore this area
Business Placement
Demographics for 11360, NY
20,039
Population
9,874
Households
2
Avg Household Size
52
Median Age
49%
College-Educated
87%
High-School Grad
1.4 sq mi
ZIP Area
14,314
Density / Sq Mi
$100,250
Median Household Income
$67,810
Median Earnings
$2,329
Median Rent
$692,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-bedroom co-op with parking in Bay Terrace Gardens.
Where is this apartment building located?
The property is located at 15-63 212 St 177 Queens, NY.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Monthly maintenance of $1170 includes real estate taxes and all utilities.; Convenient access to Bay Terrace Shopping Center, Library, Elementary/Middle School, Express Bus to Manhattan, Local Bus.; Includes 1 assigned outdoor parking space.
