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    35-54 95 St Queens, NY 11372
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    Property profile & analytics

    35-54 95 St, Queens, NY 11372

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    • Apartment buildings
    • 15,500 SF
    • 0.13 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 35-54 95 St

    Year built
    1928
    Lot size
    0.13 lot acres
    Property type
    Apartment buildings

    Description

    This exceptional 20-unit apartment building, located at 35-54 95th St in Queens, NY 11372, presents a compelling investment opportunity. The property boasts 15,500 square feet on a 0.13-acre lot (55 x 100 feet), spread across five stories and built in 1928. All 20 units are two-bedroom apartments, currently stabilized and enjoying a low vacancy rate, ensuring a stable cash flow. The building has been diligently maintained by the owner, with recent upgrades including a new boiler and burner installed in December 2020. Its prime location offers convenient access to public transportation, just one block from the #7 train, providing a quick 25-minute commute to Manhattan. The surrounding area is vibrant and features a variety of retail establishments, including Rite Aid, Chase Bank, IHOP, and City MD, enhancing the property's appeal and potential for future growth. This property is ideally suited for investors seeking a strong, cash-flowing asset and presents itself as a potentially attractive 1031 exchange opportunity. The asking price is $4,498,000. Further details are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.8726
    Latitude
    40.7515

    Comparable in this City

    • Value Estimation
      $2,460,000
      59,778 SF

      8410 34th Ave

      APARTMENT HOUSE (5+ UNITS)
      8410 34th Ave, Flushing, NY 11372-3135
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    • Value Estimation
      $3,085,000
      57,888 SF

      8106 34th Ave

      APARTMENT HOUSE (5+ UNITS)
      8106 34th Ave, Flushing, NY 11372-2844
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    • Value Estimation
      $10,835,000
      79,012 SF

      8707 35th Ave

      APARTMENT HOUSE (5+ UNITS)
      8707 35th Ave, Flushing, NY 11372-5643
      View Details
    • Value Estimation
      $4,745,000
      95,000 SF

      7508 35th Ave

      APARTMENT HOUSE (5+ UNITS)
      7508 35th Ave, Flushing, NY 11372-8125
      View Details
    • Value Estimation
      $3,765,000
      75,648 SF

      7505 35th Ave

      APARTMENT HOUSE (5+ UNITS)
      7505 35th Ave, Flushing, NY 11372-8120
      View Details
    • Value Estimation
      $10,960,000
      80,754 SF

      8409 35th Ave

      APARTMENT HOUSE (5+ UNITS)
      8409 35th Ave, Flushing, NY 11372-5454
      View Details

    Similar Nearby for Lease

    • $3,300 /Mo

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      Versatile commercial space in a vibrant Queens neighborhood.
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      Newly Renovated Elmhurst Office Space

      Renovated office spaces near Roosevelt Avenue, suitable for non-medical use.
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      Retail Space Near 7 Train

      Retail space in high foot traffic area near 7 train.
      3440-3464 Junction Blvd, Jackson Heights, NY 11372
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      2,183 SF

      Prime Retail Space Available

      Retail spaces in prime Jackson Heights location, all uses considered.
      3747 74Th St, Jackson Heights, NY 11372
      View Details
    • Contact for pricing
      1,981 SF

      Office Space with 360 Views

      Turnkey office suites available with on-site parking and public transport.
      8201-8213 37Th Ave, Jackson Heights, NY 11372
      View Details
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    Queens, NY 11372
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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