Spacious Rego Park
For Sale
$299,900
Pending
98-50 63rd Dr 5F, Queens, NY 11374
One-bedroom apartment in Rego Park with hardwood floors.
Property Size700 SF
Days on Market341
Property Features for 98-50 63rd Dr 5F
General Information
Standard status
Pending
Size
700 SF
Property subtype
Residential
Building Details
Building Size
700 SF
Year Built
1949
Listing Agency:
Coldwell Banker Realty
Listed By:
Sofia Varela
(203) 969-5631
Source:
Elliman
Added: Nov 28, 2025
Changed: Nov 2
Last Checked: Nov 3 at 6:40AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This one-bedroom, one-bath apartment, located in Rego Park, offers approximately 700 square feet of space. The unit features classic hardwood floors and natural light. A special assessment of $133.48 per month is in effect from 08/01/2024 through 07/31/2028 for capital improvements. The property is conveniently located near public transportation, shopping, and dining.
Key Highlights
- Located in the heart of Rego Park, offering convenient access to public transportation, shopping, and dining.
- Spacious one‑bedroom apartment with approximately 700 square feet.
- Features classic hardwood floors.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,111
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,220
$342.2K
Cap Rate 7%
$244,443
$244.4K
Cap Rate 9%
$190,122
$190.1K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$32.3K $46.20/SF
− Vacancy
−$1.2K −$1.76/SF
EGI
$31.1K $44.44/SF
− OpEx
−$14.0K −$20.00/SF
NOI
$17.1K $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%
$342,220
Cap Rate 7%
$244,443
Cap Rate 9%
$190,122
Alternative Uses
Best Use
Apartment 5plus
$244.4K
$213.9K – $285.2K
NOI $17,111 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$516.0K
$451.5K – $602.1K
NOI $36,123 @ 7.0% cap · market cap 12.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
5,009
Businesses Nearby
Explore this area
Business Placement
Demographics for 11374, NY
47,129
Population
21,197
Households
2.2
Avg Household Size
43
Median Age
51%
College-Educated
90%
High-School Grad
0.9 sq mi
ZIP Area
52,366
Density / Sq Mi
$86,333
Median Household Income
$58,309
Median Earnings
$1,957
Median Rent
$484,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - One-bedroom apartment in Rego Park with hardwood floors.
Where is this apartment building located?
The property is located at 98-50 63rd Dr 5F Queens, NY.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Located in the heart of Rego Park, offering convenient access to public transportation, shopping, and dining.; Spacious one‑bedroom apartment with approximately 700 square feet.; Features classic hardwood floors.
