Waterfront Multifamily
160-35 99th Street, Howard Beach, NY 11414
For Sale
$1,199,000
Pending
A private outdoor deck faces the surrounding waterways.
Property Size3,015 SF
Days on Market10
Property Features for 160-35 99th Street
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
private outdoor deck
Full
Wood
2
Yes
5
First Floor Bedroom,Eat-in Kitchen,Formal Dining
Public
No
Driveway, Private
3015
Building Details
Building Size
Year Built
Listing Agency:
Keller Williams Realty Liberty
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 31
Changed: Nov 7
Last Checked: Nov 9 at 12:48PM
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 Keller Williams Realty Liberty
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Investment Insights
Based on property information with market context.
Built in 1930, this multifamily property in Howard Beach, Queens, has views of the bay and canal. A private deck extends the outdoor area toward the water, while a private driveway provides on-site parking.
Key Highlights
- Private deck oriented toward the water
- Views of the bay and canal
- Private driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,700
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,474,000
$1.5M
Cap Rate 7%
$1,052,857
$1.1M
Cap Rate 9%
$818,889
$818.9K
Market Conditions
NOI Build-Up for 3,015 SF
Gross rent
$139.3K $46.20/SF
− Vacancy
−$5.3K −$1.76/SF
EGI
$134.0K $44.44/SF
− OpEx
−$60.3K −$20.00/SF
NOI
$73.7K $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%
$1,474,000
Cap Rate 7%
$1,052,857
Cap Rate 9%
$818,889
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$921.3K – $1.23M
NOI $73,700 @ 7.0% cap · market cap 6.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.22M
$1.94M – $2.59M
NOI $155,588 @ 7.0% cap · market cap 12.98%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,989
Businesses Nearby
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Business Placement
Demographics for 11414, NY
27,320
Population
12,223
Households
2.2
Avg Household Size
46
Median Age
31%
College-Educated
87%
High-School Grad
2.3 sq mi
ZIP Area
11,878
Density / Sq Mi
$98,209
Median Household Income
$66,162
Median Earnings
$1,991
Median Rent
$612,800
Median Home Value
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Market
Properties on Market for Multifamily properties in Howard Beach
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - A private outdoor deck faces the surrounding waterways.
Where is this multifamily property located?
The property is located at 160-35 99th Street Howard Beach, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Private deck oriented toward the water; Views of the bay and canal; Private driveway
