42-04 Forley Street
About This Property
Conveniently located just a 5-minute walk to the 7 train and under a 10-minute walk to the M and R trains at the Elmhurst Ave stop, this home is also within walking distance to Queens Center Mall, offering a plethora of shopping and dining options.
The 3rd floor will be delivered with tenants in place. 2nd floor to be delivered vacant (pictured)
Don't miss this rare opportunity to own a versatile and spacious home in a vibrant community. Perfect for investors seeking rental income and/or owner occupancy.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 24, 2024 | In contract | - | |
| In contract | |||
| Jul 24, 2024 | Sold | ||
| Sold | |||
| Jul 15, 2024 | Listed by Elegran LLC | $1,550,000 | |
| Listed by Elegran LLC | |||
Property Highlights
42-04 Forley Street
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Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
07/15/2024
| |
7 Bed
|
5 Bath
|
3922 ft²
|
$1,550,000
7 Bed
5 Bath
3922 ft²
|
$1,550,000
07/24/2024
|
-
|
Patrick Walsh
Elegran LLC
|
Building Info
About Northwestern Queens
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Listing Courtesy of Elegran LLC
Last Updated: 11 months ago
Last Checked: 14 minutes ago
Data Source: REBNY (©2025 Real Estate Board of New York)
