Forest Hills Co-op with
For Sale
$539,000
Pending
75-02 Austin St 2J, Queens, NY 11375
Well-maintained co-op near trains, parks, and top-rated schools.
Property Size1,000 SF
Days on Market314
Property Features for 75-02 Austin St 2J
General Information
Standard status
Pending
Size
1,000 SF
Property subtype
Residential
Building Details
Building Size
1,000 SF
Year Built
1952
Listed By:
Emanuella D. Resende
(347) 612-2472
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 3
Last Checked: Oct 7 at 12:04PM
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 Emanuella D. Resende
Investment Insights
Based on property information with market context.
Austin Gardens is a well-maintained post-war co-op complex located on a tree-lined section of Austin Street in Forest Hills. The mid-rise elevator buildings offer a residential environment near shopping and dining. Residents have access to common areas, a private gated garden, and 24-hour laundry facilities. The property is located near E/F express trains, the LIRR, parks, and schools. The 1,000 sqft unit includes two bedrooms with natural light and sound insulation from double-glass windows. The open-concept living and dining area features 1 1/4 inch hardwood oak floors, recessed lighting, and flows into the modern kitchen. The kitchen has white shaker cabinets, quartz countertops, stainless steel smart appliances, and a subway tile backsplash.
Key Highlights
- Prime location: Heart of Forest Hills, near Austin Street's shopping and dining.
- Excellent Transportation: Close to E/F express trains and LIRR.
- Spacious 1,000 sqft unit: Features two bedrooms with ample natural light.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,444
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,880
$488.9K
Cap Rate 7%
$349,200
$349.2K
Cap Rate 9%
$271,600
$271.6K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$46.2K $46.20/SF
− Vacancy
−$1.8K −$1.76/SF
EGI
$44.4K $44.44/SF
− OpEx
−$20.0K −$20.00/SF
NOI
$24.4K $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%
$488,880
Cap Rate 7%
$349,200
Cap Rate 9%
$271,600
Alternative Uses
Best Use
Apartment 5plus
$349.2K
$305.6K – $407.4K
NOI $24,444 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$737.2K
$645.1K – $860.1K
NOI $51,605 @ 7.0% cap · market cap 9.57%
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 - Well-maintained co-op near trains, parks, and top-rated schools.
Where is this apartment building located?
The property is located at 75-02 Austin St 2J Queens, NY.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: Prime location: Heart of Forest Hills, near Austin Street's shopping and dining.; Excellent Transportation: Close to E/F express trains and LIRR.; Spacious 1,000 sqft unit: Features two bedrooms with ample natural light.
