One-Bedroom Apartment with Great
For Sale
$239,000
Pending
84-20 51st Ave 5C, Queens, NY 11373
One-bedroom apartment near shops, transportation, restaurants, and cafes.
Property Size650 SF
Days on Market315
Property Features for 84-20 51st Ave 5C
General Information
Standard status
Pending
Size
650 SF
Property subtype
Residential
Building Details
Building Size
650 SF
Year Built
1962
Listing Agency:
Prime Realty
Listed By:
Aislyn M. Zhu · License #10401305922
(646) 243-2821
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 5
Last Checked: Oct 7 at 12:55PM
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 Prime Realty
Investment Insights
Based on property information with market context.
This one-bedroom apartment offers a foyer leading to the living room, a kitchen, and a bathroom located next to the bedroom. The west-facing unit receives ample natural light. The location provides convenient access to shops, public transportation, restaurants, and cafes, making it suitable for commuters. Subletting is allowed after two years with board approval. The maintenance fee covers all utilities except electricity. The building features an on-site laundry room and a live-in superintendent.
Key Highlights
- Prime location: close to shops, public transportation, restaurants, and cafes
- Low maintenance fee includes all utilities except electricity
- Subletting allowed after two years with board approval
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,889
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,780
$317.8K
Cap Rate 7%
$226,986
$227.0K
Cap Rate 9%
$176,544
$176.5K
Market Conditions
NOI Build-Up for 650 SF
Gross rent
$30.0K $46.20/SF
− Vacancy
−$1.1K −$1.76/SF
EGI
$28.9K $44.44/SF
− OpEx
−$13.0K −$20.00/SF
NOI
$15.9K $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%
$317,780
Cap Rate 7%
$226,986
Cap Rate 9%
$176,544
Alternative Uses
Best Use
Apartment 5plus
$227.0K
$198.6K – $264.8K
NOI $15,889 @ 7.0% cap · market cap 6.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$479.2K
$419.3K – $559.1K
NOI $33,543 @ 7.0% cap · market cap 14.03%
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
4,928
Businesses Nearby
Explore this area
Business Placement
Demographics for 11373, NY
105,712
Population
34,797
Households
3
Avg Household Size
38
Median Age
30%
College-Educated
75%
High-School Grad
1.5 sq mi
ZIP Area
70,475
Density / Sq Mi
$71,470
Median Household Income
$36,043
Median Earnings
$1,913
Median Rent
$683,200
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 near shops, transportation, restaurants, and cafes.
Where is this apartment building located?
The property is located at 84-20 51st Ave 5C Queens, NY.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Prime location: close to shops, public transportation, restaurants, and cafes; Low maintenance fee includes all utilities except electricity; Subletting allowed after two years with board approval
