Building Details

Year Built 1975

Listing Agency: SOWILO REAL ESTATE

Listed By: Atika Nagpal Show Phone

Source: Gosenproperties

Added: Oct 5 Changed: Oct 28 Last Checked: Oct 28 at 2:41PM

Report an Issue

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 SOWILO REAL ESTATE

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This residential income property has a two-bedroom layout with a separate dining area and a large living room. The bedrooms are described as good-sized, and the home was built in 1975.

The property is on Elkmont Avenue in Bellerose, with transportation nearby.

Key Highlights

• Two‑bedroom residence with a separate dining area
• Large living room and good‑sized bedrooms
• Built in 1975

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$46,933

Suggested Prices Based on Cap Rates

Cap Rate 5%

$938,660 $938.7K

Cap Rate 7%

$670,471 $670.5K

Cap Rate 9%

$521,478 $521.5K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,920 SF

Gross rent

$88.7K $46.20/SF

− Vacancy

−$3.4K −$1.76/SF

EGI

$85.3K $44.44/SF

− OpEx

−$38.4K −$20.00/SF

NOI

$46.9K $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%

$938,660

Cap Rate 7%

$670,471

Cap Rate 9%

$521,478

Alternative Uses

Best Use

Apartment 5plus

$670.5K

$586.7K – $782.2K (±1% cap)

NOI $46,933 @ 7.0% cap · market cap 1,618.38%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.42M

$1.24M – $1.65M (±1% cap)

NOI $99,081 @ 7.0% cap · market cap 3,416.59%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Location Intelligence

Trade Area within ½ mile

1,131

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

Similar For Sale Nearby

See more

Two-Family Duplex with Finished Basement

242-19 83rd Avenue, Bellerose, NY 11426

$1,149,999

1,920 SF

View details

Two-Unit Duplex with Walk-Up Attic

8908 240th Street, Bellerose, NY 11426

$875,000

View details

Two-Family Colonial Duplex

248-55 88th Road, Bellerose, NY 11426

$949,000

0.10 Acres

View details

Liquor Store Business

245-10 Jericho Tpk, Bellerose, NY 11001

$240,000

1,000 SF

View details

Four-Story Mixed-Use Building

25177 Jericho Turnpike, Bellerose, NY 11426

$45,500,000

0.58 Acres

View details

Frequently Asked Questions

What type of property is this?

Residential income property - The residence has two bedrooms, a separate dining area, and a large living room.

Where is this residential income property located?

The property is located at 25125 Elkmont Ave Bellerose, NY.

What are key features of this property?

This property features: Two‑bedroom residence with a separate dining area; Large living room and good‑sized bedrooms; Built in 1975