Spacious Apartment with Utilities
For Sale
$249,999
32-40 89 St 110, Queens, NY 11369
Oversized apartment with utilities included in monthly maintenance fee.
Property Size750 SF
Days on Market315
Property Features for 32-40 89 St 110
General Information
Standard status
Active
Size
750 SF
Property subtype
Residential
Building Details
Building Size
750 SF
Year Built
1952
Listed By:
Luz Galvan · License #40GA0797666
(917) 749-2661
Source:
Elliman
Added: Nov 27, 2025
Changed: Sep 22
Last Checked: Oct 7 at 2:03PM
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 Luz Galvan
Investment Insights
Based on property information with market context.
This oversized apartment features a generously sized living room and an L-shaped dining area. The kitchen is bright and functional, and there is a full bathroom. Monthly maintenance is $847.42, which includes gas, electricity, heat, and water. The building is well-maintained and features an elevator, a live-in super, and a laundry facility. Subletting is not permitted. The property is located across from a CVS Pharmacy, with banks, restaurants, and shops nearby.
Key Highlights
- Monthly maintenance of $847.42 includes gas, electricity, heat, and water.
- Prime location directly across from CVS Pharmacy and steps away from banks, restaurants, and shops.**
- Oversized apartment with a generously sized living room and L‑shaped dining area.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,333
Cap Rate
7.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,660
$366.7K
Cap Rate 7%
$261,900
$261.9K
Cap Rate 9%
$203,700
$203.7K
Market Conditions
NOI Build-Up for 750 SF
Gross rent
$34.7K $46.20/SF
− Vacancy
−$1.3K −$1.76/SF
EGI
$33.3K $44.44/SF
− OpEx
−$15.0K −$20.00/SF
NOI
$18.3K $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%
$366,660
Cap Rate 7%
$261,900
Cap Rate 9%
$203,700
Alternative Uses
Best Use
Apartment 5plus
$261.9K
$229.2K – $305.6K
NOI $18,333 @ 7.0% cap · market cap 7.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$552.9K
$483.8K – $645.1K
NOI $38,704 @ 7.0% cap · market cap 15.48%
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
2,154
Businesses Nearby
Explore this area
Business Placement
Demographics for 11369, NY
40,805
Population
13,893
Households
2.9
Avg Household Size
37
Median Age
24%
College-Educated
79%
High-School Grad
1.1 sq mi
ZIP Area
37,095
Density / Sq Mi
$80,577
Median Household Income
$40,089
Median Earnings
$1,983
Median Rent
$734,900
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 - Oversized apartment with utilities included in monthly maintenance fee.
Where is this apartment building located?
The property is located at 32-40 89 St 110 Queens, NY.
What is the asking price?
The asking price for this property is $249,999.
What are key features of this property?
This property features: Monthly maintenance of $847.42 includes gas, electricity, heat, and water.; Prime location directly across from CVS Pharmacy and steps away from banks, restaurants, and shops.**; Oversized apartment with a generously sized living room and L‑shaped dining area.**
