Queens Apartment Building For
For Sale
$785,000
Pending
37-22 80th St 31, Queens, NY 11372
Apartment building located in Queens, New York, available for purchase.
Property Size1,290 SF
Days on Market314
Property Features for 37-22 80th St 31
General Information
Standard status
Pending
Size
1,290 SF
Property subtype
Residential
Building Details
Building Size
1,290 SF
Year Built
1922
Units
10
Listing Agency:
Compass
Listed By:
WILLIAM D KOKORIS
(646) 207-6734
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 5
Last Checked: Oct 7 at 1:49PM
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 Compass
Investment Insights
Based on property information with market context.
An apartment building located in Queens, New York, is available for sale. The list price is $785,000.
Key Highlights
- Year Built: 1922
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,533
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$630,660
$630.7K
Cap Rate 7%
$450,471
$450.5K
Cap Rate 9%
$350,367
$350.4K
Market Conditions
NOI Build-Up for 1,290 SF
Gross rent
$59.6K $46.20/SF
− Vacancy
−$2.3K −$1.76/SF
EGI
$57.3K $44.44/SF
− OpEx
−$25.8K −$20.00/SF
NOI
$31.5K $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%
$630,660
Cap Rate 7%
$450,471
Cap Rate 9%
$350,367
Alternative Uses
Best Use
Apartment 5plus
$450.5K
$394.2K – $525.6K
NOI $31,533 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$951.0K
$832.1K – $1.11M
NOI $66,570 @ 7.0% cap · market cap 8.48%
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 building located in Queens, New York, available for purchase.
Where is this apartment building located?
The property is located at 37-22 80th St 31 Queens, NY.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Year Built: 1922
