Building Details

Building Size 550 SF

Year Built 1957

Listed By: Mathin T. Maw Show Phone

Source: Elliman

Added: Nov 27, 2025 Changed: Sep 28 Last Checked: Oct 7 at 1:34PM

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Investment Insights

Based on property information with market context.

This is a co-op for sale.

Key Highlights

• Co‑op For Sale
• Year Built: 1957

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,444

Cap Rate

8.15%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$268,880 $268.9K

Cap Rate 7%

$192,057 $192.1K

Cap Rate 9%

$149,378 $149.4K

Market Conditions

NOI Build-Up for 550 SF

Gross rent

$25.4K $46.20/SF

− Vacancy

−$966 −$1.76/SF

EGI

$24.4K $44.44/SF

− OpEx

−$11.0K −$20.00/SF

NOI

$13.4K $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%

$268,880

Cap Rate 7%

$192,057

Cap Rate 9%

$149,378

Alternative Uses

Best Use

Apartment 5plus

$192.1K

$168.1K – $224.1K (±1% cap)

NOI $13,444 @ 7.0% cap · market cap 8.15%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$405.5K

$354.8K – $473.1K (±1% cap)

NOI $28,383 @ 7.0% cap · market cap 17.20%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Gym & Fitness Center Veterinary Clinic Pet Grooming Service Tattoo & Piercing Shop Clothing & Fashion Store Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,748

Businesses Nearby

Explore this area Business Placement

Demographics for 11435, NY

58,980

Population

21,180

Households

2.8

Avg Household Size

38

Median Age

32%

College-Educated

80%

High-School Grad

1.5 sq mi

ZIP Area

39,320

Density / Sq Mi

$79,430

Median Household Income

$43,354

Median Earnings

$1,820

Median Rent

$550,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - Co-op apartment in Queens available for purchase.

Where is this apartment building located?

The property is located at 84-23 Manton St 4A Queens, NY.

What is the asking price?

The asking price for this property is $165,000.

What are key features of this property?

This property features: Co‑op For Sale; Year Built: 1957