Queens Apartment Near
For Sale
$498,777
35-35 75th Street Apartment 127 St, Queens, NY 11372
Apartment near schools, transportation, and shopping.
Property Size940 SF
Days on Market314
Property Features for 35-35 75th Street Apartment 127 St
General Information
Standard status
Active
Size
940 SF
Property subtype
Residential
Building Details
Building Size
940 SF
Year Built
1941
Listing Agency:
Portillo Realty Corp
Listed By:
Jose A. Portillo
(718) 672-8500
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 7
Last Checked: Oct 7 at 12:39PM
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 Portillo Realty Corp
Investment Insights
Based on property information with market context.
This apartment is situated in close proximity to schools, transportation options, and shopping areas. Easy access keys are available at the office.
Key Highlights
- Close proximity to schools
- Convenient access to transportation
- Near shopping areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,978
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,560
$459.6K
Cap Rate 7%
$328,257
$328.3K
Cap Rate 9%
$255,311
$255.3K
Market Conditions
NOI Build-Up for 940 SF
Gross rent
$43.4K $46.20/SF
− Vacancy
−$1.7K −$1.76/SF
EGI
$41.8K $44.44/SF
− OpEx
−$18.8K −$20.00/SF
NOI
$23.0K $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%
$459,560
Cap Rate 7%
$328,257
Cap Rate 9%
$255,311
Alternative Uses
Best Use
Apartment 5plus
$328.3K
$287.2K – $383.0K
NOI $22,978 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$693.0K
$606.4K – $808.5K
NOI $48,509 @ 7.0% cap · market cap 9.73%
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
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment near schools, transportation, and shopping.
Where is this apartment building located?
The property is located at 35-35 75th Street Apartment 127 St Queens, NY.
What is the asking price?
The asking price for this property is $498,777.
What are key features of this property?
This property features: Close proximity to schools; Convenient access to transportation; Near shopping areas
