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    The Largest CRE Database in the US with Over 1 Million Listings

    2134 74Th St East Elmhurst, NY 11370

    Sponsored
    For Sale
    $1,399,998

    MULTI_FAMILY - Colonial, Contemporary - East Elmhurst, NY

    Lot size:
    0.06 Acres
    Days on Market:
    19
    Last Refresh:
    Jan 26 at 7:06 am

    Property Features for 2134 74Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security
    Window features
    Screens, Blinds, Insulated Windows, Double Pane Windows, Shutters
    Rooms
    Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 2, Basement
    Bedrooms
    4
    Bathrooms
    3
    APN
    00969-0021
    Parking features
    On Street
    Patio and Porch features
    Porch
    Interior features
    First Floor Bedroom, First Floor Full Bath, Cathedral Ceiling(s), Eat-in Kitchen, Entrance Foyer, Granite Counters, High Ceilings, Marble Counters, Open Floorplan, Open Kitchen, Smart Thermostat, Storage
    Lot size
    0.06 Acres

    Utilities

    Heating system
    Baseboard, Radiant
    Cooling system
    Central Air

    Building Details

    Year built
    1935
    Number of units
    2
    Flooring type
    Hardwood, Tile - Ceramic
    Building materials
    Brick
    Architectural style
    Colonial, Contemporary
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Salvatore Mazzara

    keram inc (718) 380-2500

    Listing agent Salvatore Mazzara (718) 844-0917

    Listing date Jan 8, 2026

    MLS# 940091

    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.

    Learn more

    Property Insight Report

    Overview

    East Elmhurst Legal Two-Family Home

    This semi-detached, legal two-family brick home, fully reconstructed in 2003, offers generous living space, comfort, and income potential. Situated in East Elmhurst, the property occupies a 25 by 100 foot lot, totaling 2,422 square feet, with building dimensions of 20 by 40 feet. The first floor serves as the main unit, featuring a living room, full bathroom, dining area, and an open-concept kitchen with custom wooden cabinetry, marble countertops, and stainless-steel appliances. A separate laundry room with a new washer and dryer is included, along with a private sunroom that opens to an oversized backyard suitable for gardening and outdoor activities. The second level includes three bedrooms and one full bathroom. The primary bedroom features cathedral ceilings and a view of Manhattan. The lower-level apartment, currently rented, provides additional income and includes one bedroom, one full bathroom, and an open-concept kitchen and living area. Convenient street parking is available. A front patio offers an outdoor seating area. The location is near LaGuardia Airport and neighborhood amenities such as shopping, restaurants, parks, and banks. The Q69 bus line is nearby, and the Grand Central Parkway and Brooklyn-Queens Expressway are easily accessible.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    East Elmhurst
    County
    Queens
    State
    New York
    Longitude
    -73.895726
    Latitude
    40.769236

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    FAQs

    What type of property is this?
    Duplex - Charming, reconstructed two-family brick home with income potential.
    Where is this duplex located?
    The property is located at 2134 74Th St East Elmhurst, NY.
    What is the asking price?
    The asking price for this property is $1,399,998.
    What are key features of this property?
    This property features: - Legal 2-family brick home, move-in ready, offering excellent income potential from a currently rented lower-level apartment.; - Fully reconstructed in 2003, the main unit features an open-concept kitchen with custom wooden cabinetry, marble countertops, and stainless-steel appliances.; - Enjoy the oversized backyard and private sunroom.
    (718) 844-0917
    Request Owner's contact information
    2134 74Th St East Elmhurst, NY 11370
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    East Elmhurst, NY 11370
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2134 74Th St East Elmhurst, NY 11370
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    We can help!
    Listing Contact
    Salvatore Mazzara
    (718) 844-0917
    Learn more
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