Renovated Hi-Rise Cooperative
For Sale
$226,000
Pending
88-25 155th Ave 2M, Queens, NY 11414
Tastefully renovated cooperative unit near transportation and amenities.
Property Size800 SF
Days on Market315
Property Features for 88-25 155th Ave 2M
General Information
Standard status
Pending
Size
800 SF
Property subtype
Residential
Building Details
Building Size
800 SF
Year Built
1960
Listing Agency:
Charles Rutenberg Realty, Inc.
Listed By:
Denese A. Joyner ABR
(516) 575-7500
Source:
Elliman
Added: Nov 27, 2025
Changed: Sep 28
Last Checked: Oct 7 at 1:59PM
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 Charles Rutenberg Realty, Inc.
Investment Insights
Based on property information with market context.
This is a tastefully renovated, hi-rise style, residential cooperative unit. The property features a 24/7 laundry room and an on-site superintendent. Garage and assigned uncovered parking spaces are available for $25-$35 per month via a waiting list. The unit includes a spacious bedroom, updated bathroom and kitchen, hardwood flooring, and ample storage. The property is ideally located near parks, small shops, public transportation, and major roads.
Key Highlights
- Tastefully renovated unit with updated bathroom and kitchen.
- Spacious bedroom and lots of storage.**
- Conveniently located near parks, shops, public transportation, and major roads.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,556
Cap Rate
8.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$391,120
$391.1K
Cap Rate 7%
$279,371
$279.4K
Cap Rate 9%
$217,289
$217.3K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$37.0K $46.20/SF
− Vacancy
−$1.4K −$1.76/SF
EGI
$35.6K $44.44/SF
− OpEx
−$16.0K −$20.00/SF
NOI
$19.6K $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%
$391,120
Cap Rate 7%
$279,371
Cap Rate 9%
$217,289
Alternative Uses
Best Use
Apartment 5plus
$279.4K
$244.5K – $325.9K
NOI $19,556 @ 7.0% cap · market cap 8.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$589.8K
$516.1K – $688.1K
NOI $41,284 @ 7.0% cap · market cap 18.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
957
Businesses Nearby
Explore this area
Business Placement
Demographics for 11414, NY
27,320
Population
12,223
Households
2.2
Avg Household Size
46
Median Age
31%
College-Educated
87%
High-School Grad
2.3 sq mi
ZIP Area
11,878
Density / Sq Mi
$98,209
Median Household Income
$66,162
Median Earnings
$1,991
Median Rent
$612,800
Median Home Value
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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 - Tastefully renovated cooperative unit near transportation and amenities.
Where is this apartment building located?
The property is located at 88-25 155th Ave 2M Queens, NY.
What is the asking price?
The asking price for this property is $226,000.
What are key features of this property?
This property features: Tastefully renovated unit with **updated bathroom and kitchen**.; Spacious bedroom and lots of storage.**; Conveniently located near parks, shops, public transportation, and major roads.
