Residential Income Property with
For Sale
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5811 84th Place, Middle Village, NY 11379
The renovated apartment offers hardwood floors and access to multiple subway lines and bus routes.
Property Size900 SF
Price / SF$3.22
Days on Market52
Property Features for 5811 84th Place
General Information
Standard status
Active
Size
900 SF
Property subtype
Multi-Unit (2-4)
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Additional Details
Public Transit
Yes
Building Details
Year Built
2002
Listing Agency:
TRADEMARKO REALTY INC
Listed By:
Malgorzata Pieniadz · License #NEWYORK(NY)LICENSE10301217154
(718) 502-5141
Source:
Davisrealtyandauction
Added: Sep 11
Changed: Oct 31
Last Checked: Oct 31 at 2:28PM
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 TRADEMARKO REALTY INC
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Investment Insights
Based on property information with market context.
This 900-square-foot apartment has two bedrooms, a living and dining area, a kitchen, hardwood floors, and a balcony. Renovation work has been completed, and the unit was built in 2002.
Located at 5811 84th Place in Middle Village, the apartment is near Queens Center Mall, schools, parks, shops, restaurants, fitness centers, and banks. Subway service includes the M, F, and R lines; nearby bus routes include the Q29, Q14, Q53, Q52, Q11, QM24, and QM34. Water is included, while the tenant pays for electric and gas.
Located at 5811 84th Place in Middle Village, the apartment is near Queens Center Mall, schools, parks, shops, restaurants, fitness centers, and banks. Subway service includes the M, F, and R lines; nearby bus routes include the Q29, Q14, Q53, Q52, Q11, QM24, and QM34. Water is included, while the tenant pays for electric and gas.
Key Highlights
- Two‑bedroom apartment with 900 square feet
- Balcony and hardwood floors
- Renovated apartment in a building built in 2002
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,000
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 758.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$663.5K
$580.6K – $774.1K
NOI $46,444 @ 7.0% cap · market cap 1,601.52%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,275
Businesses Nearby
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Business Placement
Demographics for 11379, NY
37,906
Population
15,237
Households
2.5
Avg Household Size
44
Median Age
35%
College-Educated
84%
High-School Grad
2.2 sq mi
ZIP Area
17,230
Density / Sq Mi
$92,509
Median Household Income
$54,109
Median Earnings
$1,989
Median Rent
$886,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The renovated apartment offers hardwood floors and access to multiple subway lines and bus routes.
Where is this residential income property located?
The property is located at 5811 84th Place Middle Village, NY.
What are key features of this property?
This property features: Two‑bedroom apartment with 900 square feet; Balcony and hardwood floors; Renovated apartment in a building built in 2002
