Lakeside Towers Co-op
For Sale
$429,000
Pending
220-55 46 Ave #6F, Queens, NY 11361
Luxurious 2 bed, 1 bath co-op with amenities.
Property Size950 SF
Days on Market317
Property Features for 220-55 46 Ave #6F
General Information
Standard status
Pending
Size
950 SF
Property subtype
Residential
Building Details
Building Size
950 SF
Year Built
1961
Listed By:
Won Ho Choe
(347) 542-3105
Source:
Elliman
Added: Nov 27, 2025
Changed: Sep 29
Last Checked: Oct 9 at 9:05PM
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 Won Ho Choe
Investment Insights
Based on property information with market context.
This well-maintained co-op unit is located in Lakeside Towers and features 2 bedrooms and 1 bathroom. Residents benefit from a 24-hour doorman, a gym, and an outdoor pool. The maintenance fee covers all utilities and maintenance. The building's location offers convenient access to public transportation, including NYC Buses and the LIRR train. Shops, restaurants, a park, and a lake are also nearby. This apartment is situated on the 6th floor.
Key Highlights
- All utilities and maintenance included in monthly maintenance fee
- 24‑hour doorman provides security and convenience**
- Convenient access to NYC buses and LIRR train
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,222
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,440
$464.4K
Cap Rate 7%
$331,743
$331.7K
Cap Rate 9%
$258,022
$258.0K
Market Conditions
NOI Build-Up for 950 SF
Gross rent
$43.9K $46.20/SF
− Vacancy
−$1.7K −$1.76/SF
EGI
$42.2K $44.44/SF
− OpEx
−$19.0K −$20.00/SF
NOI
$23.2K $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%
$464,440
Cap Rate 7%
$331,743
Cap Rate 9%
$258,022
Alternative Uses
Best Use
Apartment 5plus
$331.7K
$290.3K – $387.0K
NOI $23,222 @ 7.0% cap · market cap 5.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$700.4K
$612.8K – $817.1K
NOI $49,025 @ 7.0% cap · market cap 11.43%
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
4,091
Businesses Nearby
Explore this area
Business Placement
Demographics for 11361, NY
29,116
Population
11,934
Households
2.4
Avg Household Size
43
Median Age
48%
College-Educated
88%
High-School Grad
1.7 sq mi
ZIP Area
17,127
Density / Sq Mi
$108,391
Median Household Income
$58,410
Median Earnings
$2,315
Median Rent
$900,700
Median Home Value
Check the figures for this property
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 - Luxurious 2 bed, 1 bath co-op with amenities.
Where is this apartment building located?
The property is located at 220-55 46 Ave #6F Queens, NY.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: All utilities and maintenance included in monthly maintenance fee; 24‑hour doorman provides security and convenience**; Convenient access to NYC buses and LIRR train
