Modern Co-Op with
For Sale
$359,000
Pending
61-45 98 St 11G, Queens, NY 11374
Modern 1 bedroom co-op with balcony in Rego Park.
Property Size750 SF
Days on Market315
Property Features for 61-45 98 St 11G
General Information
Standard status
Pending
Size
750 SF
Property subtype
Residential
Building Details
Building Size
750 SF
Year Built
1960
Listed By:
Zarina Yusupova
(718) 271-2121
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 1
Last Checked: Oct 7 at 1:17PM
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 Zarina Yusupova
Investment Insights
Based on property information with market context.
This is a modern 1-bedroom, 1-bathroom co-op with a balcony, located in the Park City Estates complex. The modern kitchen features stainless steel appliances and a dishwasher, with ample cabinet and counter space. The large bedroom includes a custom-built closet. The bathroom is tiled. The building is well-maintained and situated in the heart of Rego Park, close to local amenities.
Key Highlights
- Modern kitchen with stainless steel appliances and dishwasher.
- Enjoy your own private balcony.
- Large bedroom with custom built closet.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,333
Cap Rate
5.11%
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 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$552.9K
$483.8K – $645.1K
NOI $38,704 @ 7.0% cap · market cap 10.78%
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
5,009
Businesses Nearby
Explore this area
Business Placement
Demographics for 11374, NY
47,129
Population
21,197
Households
2.2
Avg Household Size
43
Median Age
51%
College-Educated
90%
High-School Grad
0.9 sq mi
ZIP Area
52,366
Density / Sq Mi
$86,333
Median Household Income
$58,309
Median Earnings
$1,957
Median Rent
$484,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Modern 1 bedroom co-op with balcony in Rego Park.
Where is this apartment building located?
The property is located at 61-45 98 St 11G Queens, NY.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Modern kitchen with stainless steel appliances and dishwasher.; Enjoy your own private balcony.; Large bedroom with custom built closet.
