Fourth-Floor Studio
24120 NORTHERN BLVD Unit 241-20 Flushing, NY 11362
For Sale
$169,000
Bright fourth-floor studio at The Manor House with an efficient kitchen, full appliances, and generous closet space.
Property Size600 SF
Price / SF$281.67
Days on Market155
Property Features for 24120 NORTHERN BLVD Unit 241-20
General Information
- Standard status
- Active
- Size
- 600 SF
- Property subtype
- Apartment
Building Details
- Year Built
- 1964
Listing Agency:
Laffey Real Estate NYC LLC
(212) 807-1369
Listed By:
Ryan Karker
(585) 721-2238
Source:
Xome
Added: Feb 18
Changed: Jul 20
Last Checked: Jul 23 at 3:56AM
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.
Located at 24120 Northern Blvd Unit 241-20 in Flushing, NY, this fourth-floor studio is offered at The Manor House. The unit includes a spacious living area with room for both relaxing and dining, along with generous closet space for everyday organization. The efficient kitchen offers ample cabinetry and full appliances.
For commuting and everyday access, the property is about two blocks from the Long Island Rail Road’s Port Washington Line. An express bus provides an approximate 30-minute ride to Manhattan, and major highways are also described as providing quick regional travel.
This is a straightforward studio layout designed for comfortable, convenient living in a residential setting.
For commuting and everyday access, the property is about two blocks from the Long Island Rail Road’s Port Washington Line. An express bus provides an approximate 30-minute ride to Manhattan, and major highways are also described as providing quick regional travel.
This is a straightforward studio layout designed for comfortable, convenient living in a residential setting.
Key Highlights
- Bright fourth‑floor studio at The Manor House
- Efficient kitchen with full appliances
- Generous closet space
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Residential income properties
FAQs
What type of property is this?
Residential income property - Bright fourth-floor studio at The Manor House with an efficient kitchen, full appliances, and generous closet space.
Where is this residential income property located?
The property is located at 24120 NORTHERN BLVD Unit 241-20 Flushing, 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: Bright fourth‑floor studio at The Manor House; Efficient kitchen with full appliances; Generous closet space
