Residential Co-op with Attic
251-29 71st Avenue 112-B, Queens, NY 11426
For Sale
$255,000
An upper-level home combines updated kitchen and bath finishes with assigned parking in a pet-friendly garden community.
Property Size700 SF
Price / SF$364.29
Days on Market20
Property Features for 251-29 71st Avenue 112-B
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Highway Access
Public Transit
Additional Details
Multifamily Units
Amenities
attic storage
pet-friendly garden community
Building Details
Building Size
Year Built
Listing Agency:
Laffey Real Estate NYC LLC
Listed By:
Philip C Laffey · License NY #10491206601
(516) 626-1500
Source:
Howardhannanyc
Added: Oct 21
Changed: Nov 9
Last Checked: Nov 8 at 4:16PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 700-square-foot upper-level co-op has a living and dining area, one king-sized bedroom, and substantial attic storage reached by pull-down stairs. The kitchen features granite countertops, a dishwasher, and a microwave; the bathroom has also been renovated. Luxury vinyl flooring runs throughout the home. The building dates to 1952.
An assigned parking space is included. The pet-friendly garden community is near public transportation, major highways, shopping, and dining.
An assigned parking space is included. The pet-friendly garden community is near public transportation, major highways, shopping, and dining.
Key Highlights
- 700‑square‑foot upper‑level co‑op with living and dining area and one bedroom
- Attic storage accessed by pull‑down stairs
- Kitchen includes granite countertops, a dishwasher, and a microwave
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,111
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,220
$342.2K
Cap Rate 7%
$244,443
$244.4K
Cap Rate 9%
$190,122
$190.1K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$32.3K $46.20/SF
− Vacancy
−$1.2K −$1.76/SF
EGI
$31.1K $44.44/SF
− OpEx
−$14.0K −$20.00/SF
NOI
$17.1K $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%
$342,220
Cap Rate 7%
$244,443
Cap Rate 9%
$190,122
Alternative Uses
Best Use
Apartment 5plus
$244.4K
$213.9K – $285.2K
NOI $17,111 @ 7.0% cap · market cap 6.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$516.0K
$451.5K – $602.1K
NOI $36,123 @ 7.0% cap · market cap 14.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
887
Businesses Nearby
Explore this area
Business Placement
Demographics for 11426, NY
19,343
Population
6,813
Households
2.8
Avg Household Size
43
Median Age
44%
College-Educated
88%
High-School Grad
1.4 sq mi
ZIP Area
13,816
Density / Sq Mi
$107,591
Median Household Income
$57,622
Median Earnings
$2,158
Median Rent
$676,100
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Queens, NY
Properties on Market for Residential income properties in Queens
Frequently Asked Questions
What type of property is this?
Residential income property - An upper-level home combines updated kitchen and bath finishes with assigned parking in a pet-friendly garden community.
Where is this residential income property located?
The property is located at 251-29 71st Avenue 112-B Queens, NY.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: 700‑square‑foot upper‑level co‑op with living and dining area and one bedroom; Attic storage accessed by pull‑down stairs; Kitchen includes granite countertops, a dishwasher, and a microwave
