Spacious 2-Bedroom Co-op in
For Sale
$415,000
62-59 108th St 4N, Queens, NY 11375
Over 1,100 sq ft, updated kitchen, great location.
Property Size1,100 SF
Days on Market315
Property Features for 62-59 108th St 4N
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Residential
Building Details
Building Size
1,100 SF
Year Built
1950
Listed By:
Milana Sadykova
(917) 547-1555
Source:
Elliman
Added: Nov 27, 2025
Changed: Sep 26
Last Checked: Oct 7 at 2:22PM
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 Milana Sadykova
Investment Insights
Based on property information with market context.
This oversized JR4 2-bedroom, 1-bath co-op offers over 1,100 square feet of living space in a well-maintained building. The unit features an updated eat-in kitchen with granite countertops and stainless steel appliances. The layout provides room to live, work, and relax. The property benefits from sun-drenched rooms, closet space, and hardwood floors under the carpeting. Located near shops, restaurants, schools, transportation, and houses of worship, this home offers convenience in a vibrant neighborhood. Subletting is allowed indefinitely after 2 years of ownership. The building has low maintenance fees.
Key Highlights
- Spacious: Over 1,100 sq ft JR4 2‑Bedroom Co‑op
- Updated Eat‑in Kitchen: Features granite countertops and stainless steel appliances
- Prime Location: Steps from shops, restaurants, schools, transportation, and houses of worship
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,889
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,780
$537.8K
Cap Rate 7%
$384,129
$384.1K
Cap Rate 9%
$298,767
$298.8K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$50.8K $46.20/SF
− Vacancy
−$1.9K −$1.76/SF
EGI
$48.9K $44.44/SF
− OpEx
−$22.0K −$20.00/SF
NOI
$26.9K $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%
$537,780
Cap Rate 7%
$384,129
Cap Rate 9%
$298,767
Alternative Uses
Best Use
Apartment 5plus
$384.1K
$336.1K – $448.2K
NOI $26,889 @ 7.0% cap · market cap 6.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$810.9K
$709.6K – $946.1K
NOI $56,765 @ 7.0% cap · market cap 13.68%
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
5,472
Businesses Nearby
Explore this area
Business Placement
Demographics for 11375, NY
72,851
Population
35,415
Households
2.1
Avg Household Size
43
Median Age
61%
College-Educated
93%
High-School Grad
2.4 sq mi
ZIP Area
30,355
Density / Sq Mi
$104,319
Median Household Income
$75,149
Median Earnings
$2,126
Median Rent
$572,800
Median Home Value
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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 - Over 1,100 sq ft, updated kitchen, great location.
Where is this apartment building located?
The property is located at 62-59 108th St 4N Queens, NY.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Spacious: Over 1,100 sq ft JR4 2‑Bedroom Co‑op; Updated Eat‑in Kitchen: Features granite countertops and stainless steel appliances; Prime Location: Steps from shops, restaurants, schools, transportation, and houses of worship
