Spacious One-Bedroom Apartment, Utilities
For Sale
$230,000
33-24 Junction Blvd 3M, Queens, NY 11372
One-bedroom apartment with utilities included, close to transportation and amenities.
Property Size800 SF
Days on Market313
Property Features for 33-24 Junction Blvd 3M
General Information
Standard status
Active
Size
800 SF
Property subtype
Residential
Building Details
Building Size
800 SF
Year Built
1958
Listed By:
Dorjee Sherpa
(631) 839-8735
Source:
Elliman
Added: Nov 27, 2025
Changed: Sep 23
Last Checked: Oct 5 at 4:30PM
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 Dorjee Sherpa
Investment Insights
Based on property information with market context.
This one-bedroom apartment features a spacious living room and dining area, partially carpeted. The large bedroom can accommodate a king-size bed, two end tables, a dresser, and an armoire. There are two large closets and a linen closet. The property includes all utilities in the maintenance fee. A private courtyard with a sitting area is available. Transportation, schools, shopping, and restaurants are within walking distance. The building offers a state-of-the-art laundry room. Storage bins and private parking garage are available on a waitlisted basis. Subletting is not allowed and is subject to board approval. No dogs are allowed.
Key Highlights
- All utilities included in low maintenance fees.
- Spacious living room/dining area and large bedroom.
- Ample storage with two large closets and a linen closet.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,556
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$391,120
$391.1K
Cap Rate 7%
$279,371
$279.4K
Cap Rate 9%
$217,289
$217.3K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$37.0K $46.20/SF
− Vacancy
−$1.4K −$1.76/SF
EGI
$35.6K $44.44/SF
− OpEx
−$16.0K −$20.00/SF
NOI
$19.6K $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%
$391,120
Cap Rate 7%
$279,371
Cap Rate 9%
$217,289
Alternative Uses
Best Use
Apartment 5plus
$279.4K
$244.5K – $325.9K
NOI $19,556 @ 7.0% cap · market cap 8.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$589.8K
$516.1K – $688.1K
NOI $41,284 @ 7.0% cap · market cap 17.95%
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
8,269
Businesses Nearby
Explore this area
Business Placement
Demographics for 11372, NY
68,000
Population
26,613
Households
2.6
Avg Household Size
41
Median Age
35%
College-Educated
81%
High-School Grad
0.7 sq mi
ZIP Area
97,143
Density / Sq Mi
$77,133
Median Household Income
$44,415
Median Earnings
$1,795
Median Rent
$454,400
Median Home Value
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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 - One-bedroom apartment with utilities included, close to transportation and amenities.
Where is this apartment building located?
The property is located at 33-24 Junction Blvd 3M Queens, NY.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: All utilities included in low maintenance fees.; Spacious living room/dining area and large bedroom.; Ample storage with two large closets and a linen closet.
