One-Bedroom Apartment in Tudor
150 BURNS Street 3F, Queens, NY 11375
For Sale
$399,000
An open kitchen and included furnishings accompany this apartment in a 1932 Forest Hills Gardens building.
Property Size725 SF
Price / SF$550.34
Days on Market207
Property Features for 150 BURNS Street 3F
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Furnished
HOA Fee
Amenities
open kitchen
Building Details
Building Size
Year Built
Construction
Listing Agency:
Brown Harris Stevens Queens LLC
Listed By:
JACQUES M AMBRON
(718) 974-4279
Source:
Irynaferenets
Added: Apr 17
Changed: Nov 7
Last Checked: Nov 8 at 7:39PM
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 Brown Harris Stevens Queens LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 725-square-foot, one-bedroom apartment has an open kitchen and is offered with furnishings. The prewar Tudor-style building dates to 1932 and is located in Forest Hills Gardens.
Austin Street shops and restaurants are one block away. Express subway and bus service, the LIRR, and major highways are also within a short distance.
Austin Street shops and restaurants are one block away. Express subway and bus service, the LIRR, and major highways are also within a short distance.
Key Highlights
- 725‑square‑foot, one‑bedroom apartment
- Open kitchen; furnishings included
- Prewar Tudor‑style building constructed in 1932
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,722
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,440
$354.4K
Cap Rate 7%
$253,171
$253.2K
Cap Rate 9%
$196,911
$196.9K
Market Conditions
NOI Build-Up for 725 SF
Gross rent
$33.5K $46.20/SF
− Vacancy
−$1.3K −$1.76/SF
EGI
$32.2K $44.44/SF
− OpEx
−$14.5K −$20.00/SF
NOI
$17.7K $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%
$354,440
Cap Rate 7%
$253,171
Cap Rate 9%
$196,911
Alternative Uses
Best Use
Apartment 5plus
$253.2K
$221.5K – $295.4K
NOI $17,722 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$534.5K
$467.7K – $623.6K
NOI $37,413 @ 7.0% cap · market cap 9.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,472
Businesses Nearby
Explore this area
Business Placement
Demographics for 11375, NY
72,851
Population
35,415
Households
2.1
Avg Household Size
43
Median Age
61%
College-Educated
93%
High-School Grad
2.4 sq mi
ZIP Area
30,355
Density / Sq Mi
$104,319
Median Household Income
$75,149
Median Earnings
$2,126
Median Rent
$572,800
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Queens, NY
Properties on Market for Residential income properties in Queens
Frequently Asked Questions
What type of property is this?
Residential income property - An open kitchen and included furnishings accompany this apartment in a 1932 Forest Hills Gardens building.
Where is this residential income property located?
The property is located at 150 BURNS Street 3F Queens, NY.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 725‑square‑foot, one‑bedroom apartment; Open kitchen; furnishings included; Prewar Tudor‑style building constructed in 1932
