East Elmhurst Legal 3-Family
104-16 32nd Avenue East Elmhurst, NY 11369
104-16 32nd Avenue, East Elmhurst, NY, 11369
$1,298,000
Pending
For Sale
$1,298,000
Pending
MULTI_FAMILY - East Elmhurst, NY
Property Size1,928 SF
Lot Size0.07 Acres
Days on Market142
Property Features for 104-16 32nd Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 5, Bedroom 6, Bathroom 1, Basement
- Parking features
- Driveway
- Interior features
- First Floor Bedroom, First Floor Full Bath
- Basement
- Finished, Full
- Standard status
- Pending
- APN
- 01699-0007
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5232
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Hot Water(Heating), Natural Gas
- Cooling system
- Multi Units, Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1920
- Number of units
- 3
- Flooring type
- Tile - Ceramic, Hardwood
- Building materials
- Brick
Listing Agency
Skylux Realty Inc
(718) 500-2231
55 Northern Blvd Suite 302, FLUSHING, NY
Listed by
Fei Guo
(516) 587-9113
Added: Feb 25 Checked: Jul 17 at 7:06 pm
MLS# 965042
Listing URL
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This legal 3-family property is situated on a quiet residential block one street from Northern Blvd, offering convenient transportation and access to amenities. The property sits on a 29x100 ft lot with an approximately 20x50/46 ft building footprint and about 1,928 sq ft of interior living space. The layout includes a 4-bedroom, 1-bath unit on the first floor, a 2-bedroom, 1-bath front unit on the second floor, and a rear studio with 1 bath, plus a high basement with a separate entrance suitable for storage or recreation. All three units are fully legal and rentable. Additional features include a parking driveway with a garage and a large backyard, offering investment potential. The property is located one block from Northern Blvd with direct bus service to Flushing, minutes to Corona, and near the 7 subway line, as well as shopping, restaurants, and everyday conveniences. This property is ideal for investors or owner-occupants seeking rental income.
Key Highlights
- Legal 3‑family home delivered vacant, with all three units fully legal and rentable
- First‑floor unit: 4‑bedroom, 1‑bath; second‑floor front unit: 2‑bedroom, 1‑bath; rear studio with 1 bath
- Approximately 1,928 sq ft interior living space on a 29x100 ft lot with an approximately 20x50/46 ft building footprint
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $89.1k | $46.20 |
| − Vacancy | −$3.4k | −$1.76 |
| EGI | $85.7k | $44.44 |
| − OpEx | −$38.6k | −$20.00 |
| NOI | $47.1k | $24.44 |
1,928 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$673.3K
$589.1K – $785.5K
NOI $47,129 @ 7.0% cap · market cap 3.63%
Second Best
Multifamily LT 5
$455.9K
$398.9K – $531.9K
NOI $31,912 @ 7.0% cap · market cap 2.46%
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,494 @ 7.0% cap · market cap 7.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Legal 3-family property in East Elmhurst, delivered vacant.
Where is this triplex located?
The property is located at 104-16 32nd Avenue East Elmhurst, NY.
What is the asking price?
The asking price for this property is $1,298,000.
What are key features of this property?
This property features: Legal 3‑family home delivered vacant, with all three units fully legal and rentable; First‑floor unit: 4‑bedroom, 1‑bath; second‑floor front unit: 2‑bedroom, 1‑bath; rear studio with 1 bath; Approximately 1,928 sq ft interior living space on a 29x100 ft lot with an approximately 20x50/46 ft building footprint
