Prewar Residential Income
New
For Sale
$525,000
47-20 42nd Street 3-A, Queens, NY 11104
A two-bedroom layout pairs distinct living and dining areas with a windowed kitchen.
Property Size900 SF
Price / SF$583.33
Days on Market6
Property Features for 47-20 42nd Street 3-A
General Information
Standard status
Active
Size
900 SF
Elevators
Yes
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Amenities
on-site laundry
storage available
live-in superintendent
Building Details
Building Size
900 SF
Year Built
1940
Listing Agency:
R New York
Listed By:
Anya Liebman
(929) 527-6413
Source:
Philipscheinfeld
Added: Sep 30
Changed: Oct 5
Last Checked: Oct 4 at 5:26PM
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 R New York
Investment Insights
Based on property information with market context.
This 900-square-foot apartment is in a 1940 prewar cooperative building. Its plan includes two bedrooms, a foyer, a large living room, and a separate dining area. The windowed kitchen is equipped with Blomberg and Bosch appliances, including a full-size dishwasher. Building amenities include an elevator, on-site laundry, a live-in superintendent, and resident storage available through a waitlist.
The building is across the street from Thomas P. Noonan Playground and near the 7 train at 40th Street. Sunnyside Gardens, Lou Lodati Park, the Sunnyside Arch, and Thalia Spanish Theatre are also nearby. Local dining options named in the listing include SoleLuna, The Alcove, The Kasbah Cafe, Fuyu Ramen and Sake, and Philomena’s Pizza; SuperFresh is described as right outside the building, with Green Valley Marketplace and HMart also nearby.
The building is across the street from Thomas P. Noonan Playground and near the 7 train at 40th Street. Sunnyside Gardens, Lou Lodati Park, the Sunnyside Arch, and Thalia Spanish Theatre are also nearby. Local dining options named in the listing include SoleLuna, The Alcove, The Kasbah Cafe, Fuyu Ramen and Sake, and Philomena’s Pizza; SuperFresh is described as right outside the building, with Green Valley Marketplace and HMart also nearby.
Key Highlights
- 900‑square‑foot apartment with two bedrooms
- Prewar cooperative building completed in 1940
- Windowed kitchen with Blomberg and Bosch appliances, including a full‑size dishwasher
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,000
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$440,000
$440.0K
Cap Rate 7%
$314,286
$314.3K
Cap Rate 9%
$244,444
$244.4K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$41.6K $46.20/SF
− Vacancy
−$1.6K −$1.76/SF
EGI
$40.0K $44.44/SF
− OpEx
−$18.0K −$20.00/SF
NOI
$22.0K $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%
$440,000
Cap Rate 7%
$314,286
Cap Rate 9%
$244,444
Alternative Uses
Best Use
Apartment 5plus
$314.3K
$275.0K – $366.7K
NOI $22,000 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$663.5K
$580.6K – $774.1K
NOI $46,444 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,170
Businesses Nearby
Explore this area
Business Placement
Demographics for 11104, NY
27,407
Population
13,224
Households
2.1
Avg Household Size
39
Median Age
51%
College-Educated
93%
High-School Grad
0.4 sq mi
ZIP Area
68,518
Density / Sq Mi
$84,716
Median Household Income
$60,346
Median Earnings
$1,924
Median Rent
$665,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - A two-bedroom layout pairs distinct living and dining areas with a windowed kitchen.
Where is this residential income property located?
The property is located at 47-20 42nd Street 3-A Queens, NY.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 900‑square‑foot apartment with two bedrooms; Prewar cooperative building completed in 1940; Windowed kitchen with Blomberg and Bosch appliances, including a full‑size dishwasher
