Luxury High Rise with Water
For Sale
$628,000
18-15 215th St 10 P, Long Island City, NY 11360
Renovated high-rise with water views, amenities, and convenient location.
Property Size1,200 SF
Days on Market314
Property Features for 18-15 215th St 10 P
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Residential
Building Details
Building Size
1,200 SF
Year Built
1970
Listed By:
Anthony Fidanakis
(718) 880-8815
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 2
Last Checked: Oct 7 at 12:19PM
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 Anthony Fidanakis
Investment Insights
Based on property information with market context.
This luxury high-rise building offers unobstructed southeast water views. The property has been totally renovated and features a stunning open kitchen. Residents benefit from 24-hour doorman and security services, as well as access to a gym, tennis and pickleball courts, and a heated swimming pool. Indoor garage parking is available for an additional monthly fee. The building also includes a shopping arcade with a beauty salon, dry cleaner/tailor, and a deli/grocery store. Residents can also enjoy a card and game room. The monthly maintenance fee includes gas, electricity, heat, central air conditioning, real estate taxes, and water. A special Spectrum package is available for cable and internet services for an additional monthly fee. The building is conveniently located close to shopping and transportation options. Top-rated schools are nearby.
Key Highlights
- Unobstructed South East Water View
- Totally Renovated with Stunning Open Kitchen
- 24‑Hour Doorman/Security
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,333
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$586,660
$586.7K
Cap Rate 7%
$419,043
$419.0K
Cap Rate 9%
$325,922
$325.9K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$55.4K $46.20/SF
− Vacancy
−$2.1K −$1.76/SF
EGI
$53.3K $44.44/SF
− OpEx
−$24.0K −$20.00/SF
NOI
$29.3K $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%
$586,660
Cap Rate 7%
$419,043
Cap Rate 9%
$325,922
Alternative Uses
Best Use
Apartment 5plus
$419.0K
$366.7K – $488.9K
NOI $29,333 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$884.7K
$774.1K – $1.03M
NOI $61,926 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated high-rise with water views, amenities, and convenient location.
Where is this apartment building located?
The property is located at 18-15 215th St 10 P Long Island City, NY.
What is the asking price?
The asking price for this property is $628,000.
What are key features of this property?
This property features: Unobstructed South East Water View; Totally Renovated with Stunning Open Kitchen; 24‑Hour Doorman/Security
