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Elmhurst Co-op Near Queens Center
For Sale
$535,000
Pending

94-30 59 Ave 4H, Queens, NY 11373

Elmhurst 3 BR, 1.5 Bath Co-op near Queens Center Mall.

Property Size1,300 SF
Days on Market314

Property Features for 94-30 59 Ave 4H

General Information

Standard status Pending
Size 1,300 SF
Property subtype Residential

Building Details

Building Size 1,300 SF
Year Built 1961
Listed By: Mathin T. Maw
Source: Elliman
Added: Nov 28, 2025 Changed: Sep 28 Last Checked: Oct 7 at 1:16PM

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 Mathin T. Maw

Investment Insights

Based on property information with market context.

This is a 3-bedroom, 1.5-bath co-op located in Elmhurst. The property is situated in a great location near Queens Center Mall. The unit features entry rooms with large windows and ample closet space. It includes an eat-in kitchen and a large living area. The maintenance fee is $995, which covers all utilities except electricity.

Key Highlights

  • Great Location Near Queens Center Mall
  • Maintenance $995 (all utilities included except electricity)
  • 3 BR, 1.5 Bath Co‑op

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$31,778
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$635,560 $635.6K
Cap Rate 7%
$453,971 $454.0K
Cap Rate 9%
$353,089 $353.1K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$60.1K $46.20/SF
− Vacancy
−$2.3K −$1.76/SF
EGI
$57.8K $44.44/SF
− OpEx
−$26.0K −$20.00/SF
NOI
$31.8K $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%
$635,560
Cap Rate 7%
$453,971
Cap Rate 9%
$353,089

Alternative Uses

Best Use
Apartment 5plus
$454.0K
$397.2K – $529.6K (±1% cap)
NOI $31,778 @ 7.0% cap · market cap 5.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$958.4K
$838.6K – $1.12M (±1% cap)
NOI $67,086 @ 7.0% cap · market cap 12.54%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Big Box & Wholesale Store Auto Repair Shop Restaurant

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

4,060
Businesses Nearby

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
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Elmhurst 3 BR, 1.5 Bath Co-op near Queens Center Mall.
Where is this apartment building located?
The property is located at 94-30 59 Ave 4H Queens, NY.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Great Location Near Queens Center Mall; Maintenance $995 (all utilities included except electricity); 3 BR, 1.5 Bath Co‑op
More about this property
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