Renovated Apartment in Rego
For Sale
$479,000
Pending
61-55 98 St 1D, Queens, NY 11374
Modern 2-bedroom apartment in a secure, convenient Rego Park location.
Property Size950 SF
Days on Market317
Property Features for 61-55 98 St 1D
General Information
Standard status
Pending
Size
950 SF
Property subtype
Residential
Building Details
Building Size
950 SF
Year Built
1960
Listed By:
Zarina Yusupova
(718) 271-2121
Source:
Elliman
Added: Nov 27, 2025
Changed: Sep 30
Last Checked: Oct 9 at 10:29PM
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.
A modern 2-bedroom, 1.5-bathroom apartment is available within the Park City Estates complex. The renovated unit features a modern kitchen equipped with stainless steel appliances. The layout is open and airy, with large windows providing natural light. A private balcony offers space for relaxation. The building is well-maintained and secure, offering 24-hour security, on-site management, and laundry facilities. The property is located in Rego Park, with proximity to shopping, dining, and transportation.
Key Highlights
- Renovated 2‑bedroom apartment in the sought‑after Park City Estates
- Modern kitchen with top‑of‑the‑line stainless steel appliances
- Convenient location in Rego Park, close to shopping, dining, and transportation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,222
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,440
$464.4K
Cap Rate 7%
$331,743
$331.7K
Cap Rate 9%
$258,022
$258.0K
Market Conditions
NOI Build-Up for 950 SF
Gross rent
$43.9K $46.20/SF
− Vacancy
−$1.7K −$1.76/SF
EGI
$42.2K $44.44/SF
− OpEx
−$19.0K −$20.00/SF
NOI
$23.2K $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%
$464,440
Cap Rate 7%
$331,743
Cap Rate 9%
$258,022
Alternative Uses
Best Use
Apartment 5plus
$331.7K
$290.3K – $387.0K
NOI $23,222 @ 7.0% cap · market cap 4.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$700.4K
$612.8K – $817.1K
NOI $49,025 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
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
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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 - Modern 2-bedroom apartment in a secure, convenient Rego Park location.
Where is this apartment building located?
The property is located at 61-55 98 St 1D Queens, NY.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Renovated 2‑bedroom apartment in the sought‑after Park City Estates; Modern kitchen with top‑of‑the‑line stainless steel appliances; Convenient location in Rego Park, close to shopping, dining, and transportation
