24-16 Queens Plz S #2G, Long Island City, NY, 11101 | 7.02% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

24-16 Queens Plz S #2G, Long Island City, NY, 11101 | 7.02% Rental Yield | Ziffy

Sold

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
- sft

1048 Liberty Ave, Union, NJ, 07083

Currently Rented+ 3 more

6 Bed
4 Bath
3550 sft

330 Gates Ave, Brooklyn, NY, 11216

8 Bed
5 Bath
2120 sft

4521 6th Ave, Brooklyn, NY, 11220

4 Bed
2 Bath
2149 sft

1760 W 13th St, Brooklyn, NY, 11223

Nearby investment properties with comparable prices

4 Bed
3 Bath
- sft

25 Milton Ave, Jersey City, NJ, 07307

1 Bed
1 Bath
- sft

365 W 19th St APT 2R, New York, NY, 10011

1 Bed
1 Bath
- sft

310 Lexington Ave APT 6D, New York, NY, 10016

Investment Property+ 1 more

- Bed
3 Bath
9999 sft

992 S Orange Ave #1, Newark, NJ, 07106

Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

Explore more listings using simple english

Investment Highlights

Investment property for sale in Long Island City at 24-16 Queens Plz S #2G, Long Island City, NY, 11101 listed at $699,000 pairs $4,091/mo rent with a $3,421/mo payment. Total monthly income runs $4,091/mo. Return on cash invested measures 13.62% in year one, and rental yield registers 7.02% at a $699,000 basis. Equity gained on principal adds $4,511/yr, and annual property appreciation at 5% supports $193,121 by year five. Five-year ROI tracks 71% and total cumulative return in cash totals $163,274. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,091/mo property income relative to a $3,421/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 2019

N/A lot

$N/A/sqft

$657 monthly HOA

More details about the property

Welcome to Unit 2G, an efficient and stylish residence designed with sleek finishes and a layout that maximizes space and natural light. This 488 sq. ft. studio, 1-bathroom home strikes the perfect balance between tastefulness and comfort. The unit boasts high ceilings, gorgeous white oak flooring, and large windows that flood the space with light. It also features a self-contained PTAC heating and cooling unit and a Bosch in-home washer/dryer. A private storage room is available for an additional fee. Located in HERO, a full-service building at 24-16 Queens Plaza South in Long Island City, Unit 2G offers access to an array of luxurious amenities. Residents enjoy 15,000 square feet of thoughtfully designed spaces, including a rooftop deck with fire pits and BBQ grills, an integrated sky lounge with breathtaking city views, a state-of-the-art fitness center, a yoga studio, a multipurpose dining space, and a Zen garden. The building also features a package room, a relaxing lounge, a pet spa, and convenient bike storage. With easy access to multiple subway lines and the vibrant Long Island City waterfront, HERO provides the perfect blend of convenience and urban living. *Currently occupied by a reliable, good-paying tenant, making it ideal for investor Sale may be subject to terms & conditions of an offering plan.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11101, Long Island City, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	29,671 (100%)
Owner Occupied HU	2,801 ( 9.4%)
Renter Occupied HU	23,413 (78.9%)
Vacant Housing Units	3,457 (11.7%)
Median Home Value	$1,141,450
Average Home Value	$1,179,647