Elevator Residential
40-40 75TH Street 6E, Queens, NY 11373
For Sale
$617,500
A split-bedroom floor plan and building amenities support flexible residential use.
Property Size739 SF
Price / SF$835.59
Days on Market77
Property Features for 40-40 75TH Street 6E
General Information
Standard status
Size
Elevators
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
24-hour surveillance
keyless entry
video intercom
bike room
package room
shared laundry facilities
common roof decks
Building Details
Building Size
Year Built
Listing Agency:
The Agency Brokerage
Listed By:
Eric Thai
(929) 398-9445
Source:
Decodenyc
Added: Aug 25
Changed: Nov 7
Last Checked: Nov 8 at 3:37PM
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 The Agency Brokerage
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Investment Insights
Based on property information with market context.
This 739-square-foot condominium occupies the sixth floor of Plaza 75. The layout includes two bedrooms and one bathroom, with hardwood flooring and generous closet space. The second bedroom can also serve as an office, guest room, or additional living area. The building was completed in 2008 and has elevator access, keyless entry, video intercom, 24-hour surveillance, a bike room, package room, basement laundry, and two shared roof decks. Garage parking and private storage may be available subject to building terms and availability.
The property is near the Jackson Heights–Roosevelt Avenue/74th Street transit hub, served by the E, F, M, R, and 7 subway lines. Nearby destinations include Queens Center Mall, Queens Place, Target, Best Buy, neighborhood retail and dining, and parks.
The property is near the Jackson Heights–Roosevelt Avenue/74th Street transit hub, served by the E, F, M, R, and 7 subway lines. Nearby destinations include Queens Center Mall, Queens Place, Target, Best Buy, neighborhood retail and dining, and parks.
Key Highlights
- 739‑square‑foot condominium on the sixth floor of Plaza 75
- Two bedrooms and one bathroom in a split‑bedroom layout
- Hardwood floors and generous closet space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,064
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,280
$361.3K
Cap Rate 7%
$258,057
$258.1K
Cap Rate 9%
$200,711
$200.7K
Market Conditions
NOI Build-Up for 739 SF
Gross rent
$34.1K $46.20/SF
− Vacancy
−$1.3K −$1.76/SF
EGI
$32.8K $44.44/SF
− OpEx
−$14.8K −$20.00/SF
NOI
$18.1K $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%
$361,280
Cap Rate 7%
$258,057
Cap Rate 9%
$200,711
Alternative Uses
Best Use
Apartment 5plus
$258.1K
$225.8K – $301.1K
NOI $18,064 @ 7.0% cap · market cap 2.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$544.8K
$476.7K – $635.6K
NOI $38,136 @ 7.0% cap · market cap 6.18%
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
4,060
Businesses Nearby
Explore this area
Business Placement
Demographics for 11373, NY
105,712
Population
34,797
Households
3
Avg Household Size
38
Median Age
30%
College-Educated
75%
High-School Grad
1.5 sq mi
ZIP Area
70,475
Density / Sq Mi
$71,470
Median Household Income
$36,043
Median Earnings
$1,913
Median Rent
$683,200
Median Home Value
Market
Average Price Trend$/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 - A split-bedroom floor plan and building amenities support flexible residential use.
Where is this residential income property located?
The property is located at 40-40 75TH Street 6E Queens, NY.
What is the asking price?
The asking price for this property is $617,500.
What are key features of this property?
This property features: 739‑square‑foot condominium on the sixth floor of Plaza 75; Two bedrooms and one bathroom in a split‑bedroom layout; Hardwood floors and generous closet space
