Residential Income Property with Rooftop
40-26 COLLEGE POINT Boulevard 1102, Queens, NY 11354
For Sale
$860,000
The 1,061-square-foot condominium residence includes in-unit laundry and access to extensive indoor and outdoor amenities.
Property Size1,061 SF
Price / SF$810.56
Days on Market22
Property Features for 40-26 COLLEGE POINT Boulevard 1102
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
24-hour concierge and doorman service
landscaped rooftop park
outdoor tennis and basketball courts
running track
children's playground and indoor playroom
golf putting greens and driving nets
dedicated dog run
outdoor barbecue areas
health club and spa
on-site resident management
live-in resident manager
in-unit washer and dryer
Building Details
Building Size
Year Built
Listing Agency:
Battery Park City Residential LLC
Listed By:
Lixi Ma
(212) 964-4300
Source:
Carlinwright
Added: Oct 19
Changed: Nov 9
Last Checked: Nov 8 at 2:17PM
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 Battery Park City Residential LLC
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Investment Insights
Based on property information with market context.
This 1,061-square-foot condominium residence is in a 2017-built community in Downtown Flushing. Interior features include 9-foot ceilings, oversized soundproof windows, a kitchen with stainless steel appliances, in-unit washer and dryer, and generous closet space. Select Tower 2 residences have Manhattan skyline views; those views are not specified for this residence. A 15-year 421-a property tax abatement is described, subject to applicable terms and eligibility.
Building amenities include a landscaped 4-acre rooftop park, tennis and basketball courts, a running track, playground, golf practice areas, dog run, barbecue areas, health club, and spa. Concierge and doorman service, resident management, and a live-in resident manager are also provided.
The property is approximately a 3-minute walk from the Main Street-Flushing subway station on the 7 train and the Long Island Rail Road. The listing also identifies access to four major highways and proximity to LaGuardia and John F. Kennedy International Airports, Citi Field, the USTA Billie Jean King National Tennis Center, and Flushing Meadows-Corona Park.
Building amenities include a landscaped 4-acre rooftop park, tennis and basketball courts, a running track, playground, golf practice areas, dog run, barbecue areas, health club, and spa. Concierge and doorman service, resident management, and a live-in resident manager are also provided.
The property is approximately a 3-minute walk from the Main Street-Flushing subway station on the 7 train and the Long Island Rail Road. The listing also identifies access to four major highways and proximity to LaGuardia and John F. Kennedy International Airports, Citi Field, the USTA Billie Jean King National Tennis Center, and Flushing Meadows-Corona Park.
Key Highlights
- 1,061‑square‑foot condominium residence in a building completed in 2017
- Approximately a 3‑minute walk to the Main Street‑Flushing 7 train station and Long Island Rail Road
- Landscaped 4‑acre rooftop park, plus tennis and basketball courts, running track, playground, and golf practice areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,936
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$518,720
$518.7K
Cap Rate 7%
$370,514
$370.5K
Cap Rate 9%
$288,178
$288.2K
Market Conditions
NOI Build-Up for 1,061 SF
Gross rent
$49.0K $46.20/SF
− Vacancy
−$1.9K −$1.76/SF
EGI
$47.2K $44.44/SF
− OpEx
−$21.2K −$20.00/SF
NOI
$25.9K $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%
$518,720
Cap Rate 7%
$370,514
Cap Rate 9%
$288,178
Alternative Uses
Best Use
Apartment 5plus
$370.5K
$324.2K – $432.3K
NOI $25,936 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$782.2K
$684.4K – $912.6K
NOI $54,753 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
7,334
Businesses Nearby
Explore this area
Business Placement
Demographics for 11354, NY
61,276
Population
22,979
Households
2.7
Avg Household Size
45
Median Age
33%
College-Educated
79%
High-School Grad
2.2 sq mi
ZIP Area
27,853
Density / Sq Mi
$62,833
Median Household Income
$40,404
Median Earnings
$1,766
Median Rent
$521,000
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Queens, NY
Properties on Market for Residential income properties in Queens
Frequently Asked Questions
What type of property is this?
Residential income property - The 1,061-square-foot condominium residence includes in-unit laundry and access to extensive indoor and outdoor amenities.
Where is this residential income property located?
The property is located at 40-26 COLLEGE POINT Boulevard 1102 Queens, NY.
What is the asking price?
The asking price for this property is $860,000.
What are key features of this property?
This property features: 1,061‑square‑foot condominium residence in a building completed in 2017; Approximately a 3‑minute walk to the Main Street‑Flushing 7 train station and Long Island Rail Road; Landscaped 4‑acre rooftop park, plus tennis and basketball courts, running track, playground, and golf practice areas
