Spacious Studio in Jackson
For Sale
$190,000
Pending
35-51 85th St 5N, Queens, NY 11372
Bright studio with balcony, near transportation and amenities.
Property Size558 SF
Days on Market314
Property Features for 35-51 85th St 5N
General Information
Standard status
Pending
Size
558 SF
Property subtype
Residential
Building Details
Building Size
558 SF
Year Built
1953
Listing Agency:
Mitra Hakimi Realty Group LLC
Listed By:
Etan Hakimi · License #1014541
(718) 268-5588
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 8
Last Checked: Oct 7 at 2:36PM
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 Mitra Hakimi Realty Group LLC
Investment Insights
Based on property information with market context.
Located in Jackson Heights, this studio apartment features a living area, a separate kitchen/dining space, multiple closets, and a private balcony. The building is pet-friendly with board approval and includes an elevator, a playground and game room, laundry facilities, and a live-in super. The property is located near the Q49 and Q33 buses and is a short walk to the 7 train, as well as an array of restaurants, cafes, and shops.
Key Highlights
- Spacious studio with separate kitchen/dining area and multiple closets.
- Enjoy your private balcony.
- Convenient location near public transportation (Q49, Q33 buses and 7 train).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,640
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,800
$272.8K
Cap Rate 7%
$194,857
$194.9K
Cap Rate 9%
$151,556
$151.6K
Market Conditions
NOI Build-Up for 558 SF
Gross rent
$25.8K $46.20/SF
− Vacancy
−$980 −$1.76/SF
EGI
$24.8K $44.44/SF
− OpEx
−$11.2K −$20.00/SF
NOI
$13.6K $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%
$272,800
Cap Rate 7%
$194,857
Cap Rate 9%
$151,556
Alternative Uses
Best Use
Apartment 5plus
$194.9K
$170.5K – $227.3K
NOI $13,640 @ 7.0% cap · market cap 7.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$411.4K
$359.9K – $479.9K
NOI $28,795 @ 7.0% cap · market cap 15.16%
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
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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 - Bright studio with balcony, near transportation and amenities.
Where is this apartment building located?
The property is located at 35-51 85th St 5N Queens, NY.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: Spacious studio with separate kitchen/dining area and multiple closets.; Enjoy your private balcony.; Convenient location near public transportation (Q49, Q33 buses and 7 train).
