Spacious Apartment Near Queens
For Sale
$245,000
Pending
92-30 56th Ave 5F, Queens, NY 11373
Bright apartment near transportation, shops, and schools.
Property Size776 SF
Days on Market315
Property Features for 92-30 56th Ave 5F
General Information
Standard status
Pending
Size
776 SF
Property subtype
Residential
Building Details
Building Size
776 SF
Year Built
1962
Listing Agency:
Century 21 Sunshine Realty
Listed By:
Jimmy Q. Liu · License #31LI0944061
(718) 639-2100
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 6
Last Checked: Oct 7 at 1:18PM
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 Century 21 Sunshine Realty
Investment Insights
Based on property information with market context.
This apartment is located near the Queens Center Shopping Mall, transportation options, shops, and schools. The unit features bright and spacious rooms with hardwood floors. Storage spaces are available, including a walk-in closet. Additional storage rooms are present in the building for a fee. Note that there is an extra adjustable Super Utility fee and Tax Abatement fee monthly in addition to the Maintenance fee. The Tax Abatement fee will be removed once the new owner starts using the apartment as their primary residence. Please note that pets and subletting are not allowed. A 20% down payment and a 28% Debt-to-Income ratio must be approved by the management and board. Information is not guaranteed and the sale may be subject to terms and conditions of an offering plan.
Key Highlights
- Prime location: Block to Queens Center Shopping Mall, near transportation, shops, and schools.
- Bright and spacious rooms with beautiful hardwood floors.
- Plenty of storage space, including a walk‑in closet.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,969
Cap Rate
7.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,380
$379.4K
Cap Rate 7%
$270,986
$271.0K
Cap Rate 9%
$210,767
$210.8K
Market Conditions
NOI Build-Up for 776 SF
Gross rent
$35.9K $46.20/SF
− Vacancy
−$1.4K −$1.76/SF
EGI
$34.5K $44.44/SF
− OpEx
−$15.5K −$20.00/SF
NOI
$19.0K $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%
$379,380
Cap Rate 7%
$270,986
Cap Rate 9%
$210,767
Alternative Uses
Best Use
Apartment 5plus
$271.0K
$237.1K – $316.2K
NOI $18,969 @ 7.0% cap · market cap 7.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$572.1K
$500.6K – $667.4K
NOI $40,045 @ 7.0% cap · market cap 16.34%
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
4,060
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
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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 - Bright apartment near transportation, shops, and schools.
Where is this apartment building located?
The property is located at 92-30 56th Ave 5F Queens, NY.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Prime location: Block to Queens Center Shopping Mall, near transportation, shops, and schools.; Bright and spacious rooms with beautiful hardwood floors.; Plenty of storage space, including a walk‑in closet.
