Residential Income Property with Rooftop
For Sale
$335,000
50-15 39TH Street 3E, Queens, NY 11104
Renovated one-bedroom co-op with access to a private garden and building amenities.
Property Size750 SF
Price / SF$446.67
Days on Market12
Property Features for 50-15 39TH Street 3E
General Information
Standard status
Active
Size
750 SF
Elevators
Yes
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Amenities
rooftop deck
private garden
live-in superintendent
laundry room
bike storage
Building Details
Building Size
750 SF
Year Built
1960
Listing Agency:
City Sphere
Listed By:
Bhenisha Bantawa
(347) 400-2432
Source:
Carlinwright
Added: Oct 6
Changed: Oct 15
Last Checked: Oct 16 at 4:36PM
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 City Sphere
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Investment Insights
Based on property information with market context.
This one-bedroom co-op offers approximately 750 square feet and has been renovated. The kitchen features Corian countertops and stainless steel appliances, while the bathroom has also been updated. Generous windows and through-wall A/C are additional features of the residence.
Building amenities include an elevator, live-in superintendent, laundry room, bike storage, rooftop deck with Manhattan skyline views, and a private garden. The building was constructed in 1960.
The 7 train is approximately five blocks away, and buses stop in front of the building. Citi Bike is nearby. The surrounding Sunnyside area includes cafés, bakeries, restaurants, shops, the Sunnyside Farmers Market, and Sunnyside Gardens Park.
Building amenities include an elevator, live-in superintendent, laundry room, bike storage, rooftop deck with Manhattan skyline views, and a private garden. The building was constructed in 1960.
The 7 train is approximately five blocks away, and buses stop in front of the building. Citi Bike is nearby. The surrounding Sunnyside area includes cafés, bakeries, restaurants, shops, the Sunnyside Farmers Market, and Sunnyside Gardens Park.
Key Highlights
- Renovated one‑bedroom co‑op with approximately 750 square feet
- Rooftop deck with Manhattan skyline views and a private garden
- Kitchen with Corian countertops and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,333
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,660
$366.7K
Cap Rate 7%
$261,900
$261.9K
Cap Rate 9%
$203,700
$203.7K
Market Conditions
NOI Build-Up for 750 SF
Gross rent
$34.7K $46.20/SF
− Vacancy
−$1.3K −$1.76/SF
EGI
$33.3K $44.44/SF
− OpEx
−$15.0K −$20.00/SF
NOI
$18.3K $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%
$366,660
Cap Rate 7%
$261,900
Cap Rate 9%
$203,700
Alternative Uses
Best Use
Apartment 5plus
$261.9K
$229.2K – $305.6K
NOI $18,333 @ 7.0% cap · market cap 5.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$552.9K
$483.8K – $645.1K
NOI $38,704 @ 7.0% cap · market cap 11.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
5,215
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Renovated one-bedroom co-op with access to a private garden and building amenities.
Where is this residential income property located?
The property is located at 50-15 39TH Street 3E Queens, NY.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Renovated one‑bedroom co‑op with approximately 750 square feet; Rooftop deck with Manhattan skyline views and a private garden; Kitchen with Corian countertops and stainless steel appliances
