Coop Unit in Jamaica,
For Sale
$234,000
Pending
87-70 173rd St 5E, Queens, NY 11432
Coop unit in the heart of Jamaica with park view.
Property Size850 SF
Days on Market315
Property Features for 87-70 173rd St 5E
General Information
Standard status
Pending
Size
850 SF
Property subtype
Residential
Building Details
Building Size
850 SF
Year Built
1962
Listing Agency:
EXIT Realty Prime
Listed By:
Gazi R. Islam
(917) 535-1332
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 2
Last Checked: Oct 7 at 1:06PM
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 EXIT Realty Prime
Investment Insights
Based on property information with market context.
This coop unit is located in Jamaica and offers views of Major Mark Park. The rooms receive ample sunlight. The property is conveniently located near subways, supermarkets, restaurants, and places of worship.
Key Highlights
- Conveniently located in the heart of Jamaica.
- Amazing view of Major Mark Park.**
- Rooms are filled with tons of sunlight.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,778
Cap Rate
8.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$415,560
$415.6K
Cap Rate 7%
$296,829
$296.8K
Cap Rate 9%
$230,867
$230.9K
Market Conditions
NOI Build-Up for 850 SF
Gross rent
$39.3K $46.20/SF
− Vacancy
−$1.5K −$1.76/SF
EGI
$37.8K $44.44/SF
− OpEx
−$17.0K −$20.00/SF
NOI
$20.8K $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%
$415,560
Cap Rate 7%
$296,829
Cap Rate 9%
$230,867
Alternative Uses
Best Use
Apartment 5plus
$296.8K
$259.7K – $346.3K
NOI $20,778 @ 7.0% cap · market cap 8.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$626.6K
$548.3K – $731.1K
NOI $43,864 @ 7.0% cap · market cap 18.75%
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
4,161
Businesses Nearby
Explore this area
Business Placement
Demographics for 11432, NY
65,743
Population
21,618
Households
3
Avg Household Size
39
Median Age
36%
College-Educated
80%
High-School Grad
2.0 sq mi
ZIP Area
32,872
Density / Sq Mi
$75,395
Median Household Income
$37,385
Median Earnings
$1,841
Median Rent
$826,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Coop unit in the heart of Jamaica with park view.
Where is this apartment building located?
The property is located at 87-70 173rd St 5E Queens, NY.
What is the asking price?
The asking price for this property is $234,000.
What are key features of this property?
This property features: Conveniently located in the heart of Jamaica.; Amazing view of Major Mark Park.**; Rooms are filled with tons of sunlight.
