One-Bedroom Residential Income
35-05 Parsons Boulevard 1-J, Queens, NY 11354
For Sale
$299,000
The 646-square-foot co-op includes a separate dining area, parquet flooring, and access to a laundry room in the building.
Property Size646 SF
Price / SF$462.85
Days on Market172
Property Features for 35-05 Parsons Boulevard 1-J
General Information
Standard status
Size
Elevators
Property subtype
Financials
Asking Price
HOA Fee
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Amenities
laundry room
pet friendly
Building Details
Building Size
Year Built
Listing Agency:
BC Realty Group LLC
Listed By:
Anny Yau · License NY #823004448
(347) 921-2111
Source:
Dallien
Added: May 22
Changed: Nov 8
Last Checked: Nov 8 at 3:43PM
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 BC Realty Group LLC
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Investment Insights
Based on property information with market context.
This one-bedroom co-op measures 646 square feet and includes a separate dining area, a living room, a separate kitchen, and storage space. Pre-war details include curved archways and hardwood parquet flooring. The residence is in a 1938-built elevator building, with a laundry room on site, and is offered in as-is condition.
The property is in Flushing, Queens, near supermarkets, restaurants, shopping, parks, and schools. The Main Street transportation hub provides access to the 7 train, LIRR, and bus lines.
The property is in Flushing, Queens, near supermarkets, restaurants, shopping, parks, and schools. The Main Street transportation hub provides access to the 7 train, LIRR, and bus lines.
Key Highlights
- 646‑square‑foot, one‑bedroom co‑op
- Separate dining area and kitchen
- Pre‑war curved archways and hardwood parquet flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,791
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,820
$315.8K
Cap Rate 7%
$225,586
$225.6K
Cap Rate 9%
$175,456
$175.5K
Market Conditions
NOI Build-Up for 646 SF
Gross rent
$29.8K $46.20/SF
− Vacancy
−$1.1K −$1.76/SF
EGI
$28.7K $44.44/SF
− OpEx
−$12.9K −$20.00/SF
NOI
$15.8K $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%
$315,820
Cap Rate 7%
$225,586
Cap Rate 9%
$175,456
Alternative Uses
Best Use
Apartment 5plus
$225.6K
$197.4K – $263.2K
NOI $15,791 @ 7.0% cap · market cap 5.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$476.2K
$416.7K – $555.6K
NOI $33,337 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
7,334
Businesses Nearby
Explore this area
Business Placement
Demographics for 11354, NY
61,276
Population
22,979
Households
2.7
Avg Household Size
45
Median Age
33%
College-Educated
79%
High-School Grad
2.2 sq mi
ZIP Area
27,853
Density / Sq Mi
$62,833
Median Household Income
$40,404
Median Earnings
$1,766
Median Rent
$521,000
Median Home Value
Market
Average Price Trend$/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 - The 646-square-foot co-op includes a separate dining area, parquet flooring, and access to a laundry room in the building.
Where is this residential income property located?
The property is located at 35-05 Parsons Boulevard 1-J Queens, NY.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 646‑square‑foot, one‑bedroom co‑op; Separate dining area and kitchen; Pre‑war curved archways and hardwood parquet flooring
