Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2502 73Rd St East Elmhurst, NY 11370

    Sponsored
    For Sale
    $1,249,000

    MULTI_FAMILY - Colonial - East Elmhurst, NY

    Lot size:
    0.05 Acres
    Days on Market:
    17
    Last Refresh:
    Feb 3 at 12:06 pm

    Property Features for 2502 73Rd St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 5, Bedroom 3
    Bedrooms
    5
    Bathrooms
    2
    APN
    01049-0010
    Parking
    1
    Parking features
    Garage, Driveway
    Interior features
    First Floor Bedroom, First Floor Full Bath
    Exterior features
    Awning(s), Balcony
    Basement
    Crawl Space
    Lot size
    0.05 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Baseboard
    Water source
    Public

    Building Details

    Year built
    1955
    Number of units
    2
    Flooring type
    Wood
    Building materials
    Brick
    Architectural style
    Colonial

    We can help!

    Listing Contact
    Andres R. Laucet

    RE/MAX SOUTHSHOREREALTY (718) 276-4848

    Listing agent Andres R. Laucet (347) 706-2949

    Listing date Jan 18, 2026

    MLS# 911919

    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

    Two-Family Brick Home with Garage

    This is a legal two-family, semi-detached brick home with a garage. The property is well-maintained and suitable for both living and investment purposes. Each unit features spacious layouts, hardwood floors, and generous natural light. The property includes a private backyard and convenient parking. It is located in a desirable neighborhood, close to schools, transportation, and shopping. The lot size is 0.0528 acres. The property is located in East Elmhurst, Queens, New York.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    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
    -73.895352
    Latitude
    40.761991

    Nearby Similar for Sale

    • New
      $1,499,900
      0.09 Acres

      East Elmhurst Multifamily Colonial For Sale

      Multifamily colonial in East Elmhurst featuring multiple bedrooms and bathrooms.
      27-52 Curtis St, East Elmhurst, NY 11369
      View Details
    • New
      $1,399,000
      Pending

      East Elmhurst Multi-Family Opportunity

      Three-story, six-bedroom multi-family property in East Elmhurst, Queens.
      24-60 81St St, East Elmhurst, NY 11370
      View Details
    • $1,499,000
      0.06 Acres

      East Elmhurst Two-Family House

      Two-family house with seven bedrooms in East Elmhurst.
      3210 81St St, East Elmhurst, NY 11370
      View Details
    • $1,275,000
      Pending

      East Elmhurst Brick Two-Family Home

      Semi-detached two-family home in prime East Elmhurst location.
      23-15 100Th St, East Elmhurst, NY 11369
      View Details
    • $1,558,000
      0.10 Acres

      Charming Two-Family Home, East Elmhurst

      Two-family home with finished basement and attic apartment in East Elmhurst.
      31-26 Buell St, East Elmhurst, NY 11369
      View Details
    • New
      $1,299,000
      0.04 Acres

      East Elmhurst Two-Family Brick Home

      Two-family brick home in East Elmhurst with renovation potential.
      23-19 100Th St, East Elmhurst, NY 11369
      View Details
    • $1,199,000
      Pending

      East Elmhurst Brick Duplex

      Two-family brick house with finished basement and backyard.
      3219 104Th St, East Elmhurst, NY 11369
      View Details
    • $1,300,000
      Pending

      East Elmhurst Duplex with Terraces

      Duplex in excellent condition near restaurants and transportation.
      32-18 88Th St, East Elmhurst, NY 11369
      View Details
    • $1,199,900
      1,375 SF

      East Elmhurst Duplex For Sale

      Duplex in East Elmhurst, NY for sale.
      3231 71St St, East Elmhurst, NY 11370
      View Details
    • $1,399,998
      0.06 Acres

      East Elmhurst Legal Two-Family Home

      Charming, reconstructed two-family brick home with income potential.
      2134 74Th St, East Elmhurst, NY 11370
      View Details
    • $1,380,000
      0.05 Acres

      East Elmhurst Multi-Family Property

      Well-located three-family property with parking and backyard in East Elmhurst.
      23-23 93Rd St, East Elmhurst, NY 11369
      View Details
    • $1,150,000
      Pending

      East Elmhurst Two-Family Home

      Two-family home near Northern Boulevard with parking and rental potential.
      32-26 103Rd St, East Elmhurst, NY 11369
      View Details

    FAQs

    What type of property is this?
    Duplex - Well-maintained two-family home in a desirable neighborhood.
    Where is this duplex located?
    The property is located at 2502 73Rd St East Elmhurst, NY.
    What is the asking price?
    The asking price for this property is $1,249,000.
    What are key features of this property?
    This property features: - Legal 2-family brick home, ideal for living and investment.; - Features a garage and driveway for convenient parking.; - Located in a desirable neighborhood near schools, transportation, and shopping.
    (347) 706-2949
    Request Owner's contact information
    2502 73Rd St East Elmhurst, NY 11370
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2502 73Rd St
    East Elmhurst, NY 11370
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2502 73Rd St East Elmhurst, NY 11370
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Andres R. Laucet
    Real Estate License ID: 30LA1174627
    (347) 706-2949
    Learn more
    Google sign-in failed. Please try again or use another login method.