Residential Income Property with Renovated
For Sale
$379,000
39-25 51st Street 1F, Queens, NY 11377
Bright cooperative residence with an open living area, windowed kitchen, generous storage, and updated bathroom finishes.
Property Size625 SF
Price / SF$606.40
Days on Market62
Property Features for 39-25 51st Street 1F
General Information
Standard status
Active
Size
625 SF
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Amenities
gym
party room
Building Details
Building Size
625 SF
Year Built
1951
Listing Agency:
Compass
Listed By:
WILLIAM D KOKORIS
(646) 207-6734
Source:
Nobleblackandpartners
Added: Sep 1
Changed: Oct 31
Last Checked: Oct 30 at 10:19PM
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
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Investment Insights
Based on property information with market context.
This 625-square-foot cooperative residence, built in 1951, combines a flexible entry foyer with an open living and dining area. The windowed galley kitchen includes a gas stove, microwave, refrigerator, dishwasher, pantry, recessed lighting, white countertops, and a breakfast bar. The bedroom has two windows, a ceiling fan, newly carpeted flooring, and a large closet. Additional hallway closets provide substantial storage, while the renovated bathroom features a glass-enclosed shower, bench, rain showerhead, tiled walls, vessel sink, medicine cabinet, and built-in storage.
Sunnyhill Gardens offers on-site management, a gym, and a party room. Parking and storage may be obtained through a waitlist. Subletting is permitted for up to four years following an initial two-year ownership period. The cooperative is located one block from the Sunnyside Landmark District and within a five-minute walk of the subway, with cafes, parks, shopping, and restaurants nearby. Residents may also join Sunnyside Gardens Park for a yearly fee.
Sunnyhill Gardens offers on-site management, a gym, and a party room. Parking and storage may be obtained through a waitlist. Subletting is permitted for up to four years following an initial two-year ownership period. The cooperative is located one block from the Sunnyside Landmark District and within a five-minute walk of the subway, with cafes, parks, shopping, and restaurants nearby. Residents may also join Sunnyside Gardens Park for a yearly fee.
Key Highlights
- 625‑square‑foot cooperative residence in a 1951 building
- Windowed galley kitchen with gas stove, dishwasher, pantry, and breakfast bar
- Fully renovated bathroom with glass shower enclosure, bench, and rain showerhead
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,278
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,560
$305.6K
Cap Rate 7%
$218,257
$218.3K
Cap Rate 9%
$169,756
$169.8K
Market Conditions
NOI Build-Up for 625 SF
Gross rent
$28.9K $46.20/SF
− Vacancy
−$1.1K −$1.76/SF
EGI
$27.8K $44.44/SF
− OpEx
−$12.5K −$20.00/SF
NOI
$15.3K $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%
$305,560
Cap Rate 7%
$218,257
Cap Rate 9%
$169,756
Alternative Uses
Best Use
Apartment 5plus
$218.3K
$191.0K – $254.6K
NOI $15,278 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$460.8K
$403.2K – $537.6K
NOI $32,253 @ 7.0% cap · market cap 8.51%
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
4,928
Businesses Nearby
Explore this area
Business Placement
Demographics for 11377, NY
91,512
Population
34,928
Households
2.6
Avg Household Size
39
Median Age
33%
College-Educated
82%
High-School Grad
2.5 sq mi
ZIP Area
36,605
Density / Sq Mi
$73,292
Median Household Income
$45,978
Median Earnings
$1,802
Median Rent
$670,300
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Bright cooperative residence with an open living area, windowed kitchen, generous storage, and updated bathroom finishes.
Where is this residential income property located?
The property is located at 39-25 51st Street 1F Queens, NY.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: 625‑square‑foot cooperative residence in a 1951 building; Windowed galley kitchen with gas stove, dishwasher, pantry, and breakfast bar; Fully renovated bathroom with glass shower enclosure, bench, and rain showerhead
