Fourth-Floor Studio
For Sale
$169,000
241-20 Northern Boulevard 4-A, Queens, NY 11362
Bright fourth-floor studio with closet space and full kitchen appliances at The Manor House, two blocks from LIRR.
Property Size600 SF
Price / SF$281.67
Days on Market161
Property Features for 241-20 Northern Boulevard 4-A
General Information
Standard status
Active
Size
600 SF
Property subtype
Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x studio
Multifamily Units
1
Building Details
Building Size
600 SF
Year Built
1964
Listing Agency:
Laffey Real Estate NYC LLC
(516) 626-1500
Listed By:
Philip C Laffey
(516) 626-1500
Source:
Howardhannanyc
Added: Feb 20
Changed: Jul 30
Last Checked: Jul 30 at 3:28AM
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 Laffey Real Estate NYC LLC
Investment Insights
Based on property information with market context.
Set in The Manor House, this fourth-floor studio residence (4-A) offers a bright, well-proportioned layout with a spacious living area that accommodates both relaxation and dining. The home includes generous closet space and an efficient kitchen with ample cabinetry and full appliances for everyday convenience.
Commuting is supported by nearby transit, with the Long Island Rail Road’s Port Washington Line just two blocks away. An express bus route provides an approximately 30-minute ride to Manhattan, and residents also have quick access to major highways. The property is positioned in a peaceful, tree-lined neighborhood close to shopping and other day-to-day needs.
Built in 1964, this studio measures 600 SF and is suited for comfortable, convenient residential living within The Manor House.
Commuting is supported by nearby transit, with the Long Island Rail Road’s Port Washington Line just two blocks away. An express bus route provides an approximately 30-minute ride to Manhattan, and residents also have quick access to major highways. The property is positioned in a peaceful, tree-lined neighborhood close to shopping and other day-to-day needs.
Built in 1964, this studio measures 600 SF and is suited for comfortable, convenient residential living within The Manor House.
Key Highlights
- Fourth‑floor studio unit 4‑A at The Manor House
- 600 SF studio residence built in 1964
- Efficient kitchen with full appliances and ample cabinetry
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.7k | $46.20 |
| − Vacancy | −$1.1k | −$1.76 |
| EGI | $26.7k | $44.44 |
| − OpEx | −$12.0k | −$20.00 |
| NOI | $14.7k | $24.44 |
600 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$209.5K
$183.3K – $244.5K
NOI $14,667 @ 7.0% cap · market cap 8.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$442.3K
$387.0K – $516.1K
NOI $30,963 @ 7.0% cap · market cap 18.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6,666
Businesses Nearby
Explore this area
Business Placement
Demographics for 11362, NY
18,139
Population
7,634
Households
2.4
Avg Household Size
48
Median Age
52%
College-Educated
93%
High-School Grad
2.1 sq mi
ZIP Area
8,638
Density / Sq Mi
$118,989
Median Household Income
$62,132
Median Earnings
$2,548
Median Rent
$634,500
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Queens, NY
Properties on Market for Residential income properties in Queens
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Bright fourth-floor studio with closet space and full kitchen appliances at The Manor House, two blocks from LIRR.
Where is this residential income property located?
The property is located at 241-20 Northern Boulevard 4-A Queens, NY.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: Fourth‑floor studio unit 4‑A at The Manor House; 600 SF studio residence built in 1964; Efficient kitchen with full appliances and ample cabinetry
