Spacious One Bedroom
For Sale
$349,000
7502 Austin St 1L, Queens, NY 11375
One bedroom apartment on Austin Street near shops and transportation.
Property Size750 SF
Days on Market315
Property Features for 7502 Austin St 1L
General Information
Standard status
Active
Size
750 SF
Property subtype
Residential
Building Details
Building Size
750 SF
Year Built
1952
Listed By:
Deborah A. LaMacchia
(631) 691-9771
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 6
Last Checked: Oct 7 at 2:23PM
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 Deborah A. LaMacchia
Investment Insights
Based on property information with market context.
This is a spacious one-bedroom apartment with a front-facing orientation. It features a large windowed eat-in kitchen and a generously sized living room. The property is situated in a desirable location on Austin Street, offering convenient access to shopping, restaurants, parks, and transportation options. The Long Island Rail Road (LIRR) is located a short distance away.
Key Highlights
- Prime location on Austin Street, near shopping, restaurants, and parks.
- Convenient access to transportation, including the LIRR.
- Spacious one‑bedroom apartment.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,333
Cap Rate
5.25%
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 5.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$552.9K
$483.8K – $645.1K
NOI $38,704 @ 7.0% cap · market cap 11.09%
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
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 - One bedroom apartment on Austin Street near shops and transportation.
Where is this apartment building located?
The property is located at 7502 Austin St 1L Queens, NY.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Prime location on Austin Street, near shopping, restaurants, and parks.; Convenient access to transportation, including the LIRR.; Spacious one‑bedroom apartment.
