Residential Income Property with Two
New
For Sale
$805,000
45-02 Ditmars Boulevard 110, Queens, NY 11105
The sponsor condominium includes two full bathrooms and access to a fitness center, parking, and laundry on every floor.
Property Size1,269 SF
Days on Market7
Property Features for 45-02 Ditmars Boulevard 110
General Information
Standard status
Active
Size
1,269 SF
Elevators
Yes
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$8,568
Amenities
doorman
fitness center
parking
laundry on every floor
dishwasher
Building Details
Building Size
1,269 SF
Year Built
1900
Listing Agency:
Manhattan Realty Group
Listed By:
Adam Dyminski
(646) 477-1228
Source:
Serhant
Added: Oct 2
Changed: Oct 5
Last Checked: Oct 7 at 5:57PM
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 Manhattan Realty Group
Investment Insights
Based on property information with market context.
At Grand Manor, this sponsor condominium has 1,269 square feet, a one-bedroom layout, and two full bathrooms. The living and dining area offers generous room, while the oversized bedroom, high ceilings, large windows, and natural light shape the interior. The kitchen includes a dishwasher. The sponsor sale does not require board approval.
Building amenities include a doorman, elevator, fitness center, and parking. Laundry facilities are available on every floor. The building dates to 1900.
Building amenities include a doorman, elevator, fitness center, and parking. Laundry facilities are available on every floor. The building dates to 1900.
Key Highlights
- 1,269‑square‑foot sponsor condominium
- One‑bedroom layout with two full bathrooms
- Sponsor sale does not require board approval
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,020
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$620,400
$620.4K
Cap Rate 7%
$443,143
$443.1K
Cap Rate 9%
$344,667
$344.7K
Market Conditions
NOI Build-Up for 1,269 SF
Gross rent
$58.6K $46.20/SF
− Vacancy
−$2.2K −$1.76/SF
EGI
$56.4K $44.44/SF
− OpEx
−$25.4K −$20.00/SF
NOI
$31.0K $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%
$620,400
Cap Rate 7%
$443,143
Cap Rate 9%
$344,667
Alternative Uses
Best Use
Apartment 5plus
$443.1K
$387.8K – $517.0K
NOI $31,020 @ 7.0% cap · market cap 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$935.5K
$818.6K – $1.09M
NOI $65,486 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,888
Businesses Nearby
Explore this area
Business Placement
Demographics for 11105, NY
38,001
Population
17,518
Households
2.2
Avg Household Size
37
Median Age
55%
College-Educated
91%
High-School Grad
1.6 sq mi
ZIP Area
23,751
Density / Sq Mi
$100,306
Median Household Income
$62,464
Median Earnings
$2,211
Median Rent
$1,089,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The sponsor condominium includes two full bathrooms and access to a fitness center, parking, and laundry on every floor.
Where is this residential income property located?
The property is located at 45-02 Ditmars Boulevard 110 Queens, NY.
What is the asking price?
The asking price for this property is $805,000.
What are key features of this property?
This property features: 1,269‑square‑foot sponsor condominium; One‑bedroom layout with two full bathrooms; Sponsor sale does not require board approval
