11187 41st Avenue
About This Property
The proposed 20 acres of new public park space and five acres of community athletic fields and playgrounds would bring "more new parkland than Bryant Park, the High Line, and Union Square Park combined," as 6sqft previously reported.
The design would also honor the history and architecture of the World's Fair in Flushing Meadows-Corona Park, as well as the history of the New York Mets.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 31, 2025 | Sold | ||
| Sold | |||
| Aug 28, 2025 | In contract | - | |
| In contract | |||
| Jun 15, 2025 | Listed by RE/MAX 1st Choice | $775,000 | |
| Listed by RE/MAX 1st Choice | |||
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About Northwestern Queens
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017