Queens is a burgeoning neighborhood with numerous food and shopping places, a wide array of amenities to offer and a convenient commute to Manhattan. While sales prices are fast reaching all-time-highs in Queens, there are still plenty of good finds you can afford under $500,000. RealtyHop has compiled a list of 8 beautiful Queens apartments you can invest in without having to worry about affordability.
1. 8829 155th Ave #5E
Neighborhood: Howard Beach
Price: $209,000
Size: 2 Bed, 1 Bath
Cap Rate: 6.47%
Located in a coastal community off southwestern Queens, this spacious 2 bedroom apartment is a steal. The entire apartment and bathroom is also renovated with new hardwood floors and new tiles
2. 99-04 57th Avenue #2C
Neighborhood: Corona
Price: $299,999
Size: 2 Bed, 1 Bath
Cap Rate: 6.21%
Bordered by Flushing to the east and Jackson Heights to the west, this sun-lit apartment situated in the heart of Corona provides plenty of food and shopping options. The building itself also comes with a laundry room.
3. 83-80 118th Street #5J
Neighborhood: Kew Gardens
Price: $208,000
Size: 1 Bed, 1 Bath
Cap Rate: 5.63%
This large 1 bedroom apartment is 900 square ft, with a 24’ deep living room that could accommodate a large dining table and standard living room essentials. In addition, the building also comes with a magnificent lobby, laundry facilities and storage!
4. 141 Northern Blvd #7G
Neighborhood: Flushing
Price: $335,000
Size: 2 Bed, 1 Bath
Cap Rate: 4.75%
Beautiful hardwood floors line this sun-lit and freshly renovated unit. It also feature a balcony which overlooks Midtown Manhattan’s skyline and comes with a range of amenities including elevator, laundry in the building and a garage.
5. 4-74 48th Ave #11D
Neighborhood: Long Island City
Price: $499,999
Size: 1 Bed, 1 Bath
Cap Rate: 4.4%
Located centrally on the edge of the Long Island City waterfront and Gantry State Park, this gorgeous unit offers partial views of the Empire State Building overlooking gantry state park at 4-74 48th Avenue. It also offers a convenient commute to Midtown Manhattan and Grand Central Manhattan in just one stop (by the 7 train)!
6. 43 45th St #2N
Neighborhood: Sunnyside
Price: $299,000
Size: 1 Bed, 1 Bath
Cap Rate: 4.4%
Bordered by Sunnyside to the east and Astoria to the north, this charming prewar 1 bedroom unit offers views over the Queens Boulevard and a convenient access to its surrounding neighborhood amenities. What makes this unit stands out among the rest is its pet-friendly feature!
7. 39-60 52nd St #6C
Neighborhood: Woodside
Price: $499,000
Size: 2 Bed, 1 Bath
Cap Rate: 4.09%
This beautiful 2 bedroom is situated in Woodside, a quiet residential neighborhood. It’s located on the top floor and provides stunning panoramic views of the Manhattan skyline. Besides providing access to various amenities such as fitness center and laundry in the building, you will also gain quick access to restaurants and pubs just around the corner of the neighborhood.
8. 37 84th St #21
Neighborhood: Jackson Heights
Price: $439,000
Size: 1 Bed, 1 Bath
Cap Rate: 3.78%
This open design, light-filled apartment is perfectly proportioned and spacious for it boasts its own foyer and walk-in closet. Besides, it also gives access to the lush green and landscaped Linden Court Garden just steps away from the house!
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