16-Unit Apartment
For Sale
$2,600,000
35-34 94th Street, Jackson Heights, NY 11372
Apartments have updated plumbing and piping throughout, alongside a new boiler system.
Property Size4,500 SF
Price / SF$577.78
Days on Market345
Property Features for 35-34 94th Street
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Commercial
Units
Unit Mix
8 x 2BR, 8 x 1BR
Multifamily Units
16
Taxes and HOA fees
Annual Taxes
$71,921
Building Details
Building Size
4,500 SF
Year Built
1930
Buildings
1
Stories
4
Units
16
Listing Agency:
5 Boro Realty Corp
(855) 305-3325
Listed By:
Nina Sabag · License #10311207532
(917) 705-0005
Source:
Croninreale
Added: Nov 13, 2025
Changed: Oct 23
Last Checked: Oct 23 at 9:55AM
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 5 Boro Realty Corp
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 16-unit apartment building at 35-34 94th Street in Jackson Heights was built in 1930 and measures 4,500 square feet. Its apartment mix consists of eight one-bedroom units and eight two-bedroom units. Improvements include updated plumbing and piping in every apartment, a new boiler system, and completed Local Law 11 work.
Key Highlights
- 16 apartments: 8 one‑bedroom and 8 two‑bedroom units
- 4,500 square feet; built in 1930
- Updated plumbing and piping throughout all apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,000
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,200,000
$2.2M
Cap Rate 7%
$1,571,429
$1.6M
Cap Rate 9%
$1,222,222
$1.2M
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$207.9K $46.20/SF
− Vacancy
−$7.9K −$1.76/SF
EGI
$200.0K $44.44/SF
− OpEx
−$90.0K −$20.00/SF
NOI
$110.0K $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%
$2,200,000
Cap Rate 7%
$1,571,429
Cap Rate 9%
$1,222,222
Alternative Uses
Best Use
Apartment 5plus
$1.57M
$1.38M – $1.83M
NOI $110,000 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.32M
$2.90M – $3.87M
NOI $232,222 @ 7.0% cap · market cap 8.93%
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
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
1,146
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Apartments have updated plumbing and piping throughout, alongside a new boiler system.
Where is this apartment building located?
The property is located at 35-34 94th Street Jackson Heights, NY.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 16 apartments: 8 one‑bedroom and 8 two‑bedroom units; 4,500 square feet; built in 1930; Updated plumbing and piping throughout all apartments
