Spacious Coop Near Rego
For Sale
$485,000
55-30 99th St 2H, Queens, NY 11368
Large 3-bedroom coop near shopping and transportation.
Property Size1,300 SF
Days on Market314
Property Features for 55-30 99th St 2H
General Information
Standard status
Active
Size
1,300 SF
Property subtype
Residential
Building Details
Building Size
1,300 SF
Year Built
1960
Listed By:
Abdus Salam
(718) 785-5588
Source:
Elliman
Added: Nov 28, 2025
Changed: Sep 25
Last Checked: Oct 7 at 1:21PM
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 Abdus Salam
Investment Insights
Based on property information with market context.
This cooperative unit, located near Rego Park in Queens, offers approximately 1300 square feet of living space. Situated on the second floor, the residence features three bedrooms and two full bathrooms. The location provides convenient access to the Rego Park Queens Mall, Target, Costco, and Great Well Supermarket. Transportation options include the M and R subway lines, as well as MTA bus routes Qn 10 and 11. The Homeowner Association (HOA) fee is $1432.50, which covers all utilities except electricity.
Key Highlights
- Spacious 1300 sq ft 3‑bedroom coop.
- Conveniently located near Rego Park Queens Mall, Target, Costco, and Great Well Supermarket.
- Easy access to M, R train lines and MTA Qn 10, 11 bus routes.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,778
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$635,560
$635.6K
Cap Rate 7%
$453,971
$454.0K
Cap Rate 9%
$353,089
$353.1K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$60.1K $46.20/SF
− Vacancy
−$2.3K −$1.76/SF
EGI
$57.8K $44.44/SF
− OpEx
−$26.0K −$20.00/SF
NOI
$31.8K $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%
$635,560
Cap Rate 7%
$453,971
Cap Rate 9%
$353,089
Alternative Uses
Best Use
Apartment 5plus
$454.0K
$397.2K – $529.6K
NOI $31,778 @ 7.0% cap · market cap 6.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$958.4K
$838.6K – $1.12M
NOI $67,086 @ 7.0% cap · market cap 13.83%
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
2,548
Businesses Nearby
Explore this area
Business Placement
Demographics for 11368, NY
117,110
Population
31,165
Households
3.8
Avg Household Size
34
Median Age
14%
College-Educated
65%
High-School Grad
2.6 sq mi
ZIP Area
45,042
Density / Sq Mi
$71,798
Median Household Income
$33,742
Median Earnings
$1,925
Median Rent
$751,700
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 - Large 3-bedroom coop near shopping and transportation.
Where is this apartment building located?
The property is located at 55-30 99th St 2H Queens, NY.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Spacious 1300 sq ft 3‑bedroom coop.; Conveniently located near Rego Park Queens Mall, Target, Costco, and Great Well Supermarket.; Easy access to M, R train lines and MTA Qn 10, 11 bus routes.
