Studio Co-op in
For Sale
$145,000
99-10 60th Ave 2L, Queens, NY 11368
Second-floor studio co-op with separate kitchen and abundant light.
Property Size504 SF
Days on Market313
Property Features for 99-10 60th Ave 2L
General Information
Standard status
Active
Size
504 SF
Property subtype
Residential
Building Details
Building Size
504 SF
Year Built
1961
Listed By:
Sherry McPhatter
(347) 267-7059
Source:
Elliman
Added: Nov 28, 2025
Changed: Sep 25
Last Checked: Oct 5 at 6:57PM
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 Sherry McPhatter
Investment Insights
Based on property information with market context.
Located in Sherwood Village in Corona, Queens, this second-floor studio co-op offers approximately 500 square feet of living space. The unit features a separate kitchen, generous closet space, and abundant natural light. The layout is such that it can easily function as a one-bedroom apartment. The building is situated on the borders of Corona, Rego Park, and Elmhurst, providing convenient access to Great Wall Supermarket, various shops, restaurants, and public transportation options including the Q38, Q88, QM10, QM11, and QM40 lines. Laundry facilities are available on-site. The building is fully owner-occupied, and subletting is not permitted. The unit faces 60th Avenue.
Key Highlights
- All‑inclusive maintenance fees cover electricity and property taxes, resulting in very low monthly expenses.
- Prime location bordering Corona, Rego Park, and Elmhurst, offering easy access to amenities.
- Steps away from Great Wall Supermarket, diverse shops, restaurants, and multiple public transportation options (Q38, Q88, QM10, QM11, QM40).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,320
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$246,400
$246.4K
Cap Rate 7%
$176,000
$176.0K
Cap Rate 9%
$136,889
$136.9K
Market Conditions
NOI Build-Up for 504 SF
Gross rent
$23.3K $46.20/SF
− Vacancy
−$885 −$1.76/SF
EGI
$22.4K $44.44/SF
− OpEx
−$10.1K −$20.00/SF
NOI
$12.3K $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%
$246,400
Cap Rate 7%
$176,000
Cap Rate 9%
$136,889
Alternative Uses
Best Use
Apartment 5plus
$176.0K
$154.0K – $205.3K
NOI $12,320 @ 7.0% cap · market cap 8.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$371.6K
$325.1K – $433.5K
NOI $26,009 @ 7.0% cap · market cap 17.94%
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
2,548
Businesses Nearby
Explore this area
Business Placement
Demographics for 11368, NY
117,110
Population
31,165
Households
3.8
Avg Household Size
34
Median Age
14%
College-Educated
65%
High-School Grad
2.6 sq mi
ZIP Area
45,042
Density / Sq Mi
$71,798
Median Household Income
$33,742
Median Earnings
$1,925
Median Rent
$751,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Second-floor studio co-op with separate kitchen and abundant light.
Where is this apartment building located?
The property is located at 99-10 60th Ave 2L Queens, NY.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: All‑inclusive maintenance fees cover electricity and property taxes, resulting in very low monthly expenses.; Prime location bordering Corona, Rego Park, and Elmhurst, offering easy access to amenities.; Steps away from Great Wall Supermarket, diverse shops, restaurants, and multiple public transportation options (Q38, Q88, QM10, QM11, QM40).
