Two Bedroom Apartment in
For Sale
$285,000
Pending
83-75 118th St 4H, Queens, NY 11415
Two-bedroom apartment in a gated complex, close to transportation.
Property Size1,000 SF
Days on Market315
Property Features for 83-75 118th St 4H
General Information
Standard status
Pending
Size
1,000 SF
Property subtype
Residential
Amenities
Elevator
Heating - Natural Gas
Heating - Steam
Hardwood
Cooling - Wall/window unit(s)
Construction - Brick
Association - Gated
Dishwasher
Parking - Waitlist
Association - Elevator(s)
Pets Allowed
Building Details
Building Size
1,000 SF
Year Built
1954
Listed By:
Jason R. Moskowitz
(718) 229-2922
Source:
Elliman
Added: Nov 27, 2025
Changed: Sep 27
Last Checked: Oct 7 at 12:48PM
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 Jason R. Moskowitz
Investment Insights
Based on property information with market context.
This large two-bedroom apartment features one full bath and an additional room suitable for conversion into a small office. It is located within a highly desirable, gated complex. The apartment is situated in a quiet area facing landscaped gardens. The complex is pet-friendly, and garage parking (waitlist) and storage are available. Transportation options include proximity to the E, F, and J train lines, the LIRR Kew Gardens station, and several bus lines. The location also offers convenient access to supermarkets, restaurants, and shopping. The interior features an efficiency kitchen. The overall appearance of the property is good.
Key Highlights
- Highly desirable gated complex
- Large two bedroom apartment
- Close to E,F,J train lines and LIRR Kew Gardens station
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,444
Cap Rate
8.58%
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 8.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$737.2K
$645.1K – $860.1K
NOI $51,605 @ 7.0% cap · market cap 18.11%
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
3,487
Businesses Nearby
Explore this area
Business Placement
Demographics for 11415, NY
20,241
Population
9,794
Households
2.1
Avg Household Size
41
Median Age
53%
College-Educated
89%
High-School Grad
0.6 sq mi
ZIP Area
33,735
Density / Sq Mi
$88,632
Median Household Income
$60,950
Median Earnings
$1,909
Median Rent
$367,900
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 - Two-bedroom apartment in a gated complex, close to transportation.
Where is this apartment building located?
The property is located at 83-75 118th St 4H Queens, NY.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Highly desirable gated complex; Large two bedroom apartment; Close to E,F,J train lines and LIRR Kew Gardens station
