Spacious Co-op in
For Sale
$315,000
Pending
47-27 215 Pl 1A, Queens, NY 11361
Well-kept 2-bedroom co-op with hardwood floors and updated bathroom.
Property Size825 SF
Days on Market314
Property Features for 47-27 215 Pl 1A
General Information
Standard status
Pending
Size
825 SF
Property subtype
Residential
Building Details
Building Size
825 SF
Year Built
1950
Listed By:
Matthew Burns
(646) 963-1198
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 3
Last Checked: Oct 7 at 1:09PM
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 Matthew Burns
Investment Insights
Based on property information with market context.
Located in Bayside, this co-op is situated near the LIRR, highways, schools, shops, restaurants, and Oakland Lake Park. This first-floor, 2-bedroom unit features hardwood floors throughout and an updated bathroom. The property offers generous bedroom sizes and closet space. Laundry facilities are available on the premises.
Key Highlights
- Convenient Bayside location: close to LIRR, highways, schools, shops, restaurants, and Oakland Lake Park.
- Spacious 2‑bedroom, first‑floor unit.
- Hardwood floors throughout and updated bathroom.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,167
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,340
$403.3K
Cap Rate 7%
$288,100
$288.1K
Cap Rate 9%
$224,078
$224.1K
Market Conditions
NOI Build-Up for 825 SF
Gross rent
$38.1K $46.20/SF
− Vacancy
−$1.4K −$1.76/SF
EGI
$36.7K $44.44/SF
− OpEx
−$16.5K −$20.00/SF
NOI
$20.2K $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%
$403,340
Cap Rate 7%
$288,100
Cap Rate 9%
$224,078
Alternative Uses
Best Use
Apartment 5plus
$288.1K
$252.1K – $336.1K
NOI $20,167 @ 7.0% cap · market cap 6.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$608.2K
$532.2K – $709.6K
NOI $42,574 @ 7.0% cap · market cap 13.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,676
Businesses Nearby
Explore this area
Business Placement
Demographics for 11361, NY
29,116
Population
11,934
Households
2.4
Avg Household Size
43
Median Age
48%
College-Educated
88%
High-School Grad
1.7 sq mi
ZIP Area
17,127
Density / Sq Mi
$108,391
Median Household Income
$58,410
Median Earnings
$2,315
Median Rent
$900,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-kept 2-bedroom co-op with hardwood floors and updated bathroom.
Where is this apartment building located?
The property is located at 47-27 215 Pl 1A Queens, NY.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Convenient Bayside location: close to LIRR, highways, schools, shops, restaurants, and Oakland Lake Park.; Spacious 2‑bedroom, first‑floor unit.; Hardwood floors throughout and updated bathroom.
