East Elmhurst Two-Family Brick
78-12 32ND Avenue, East Elmhurst, NY 11370
MULTI_FAMILY - East Elmhurst, NY
Property size:
3,050 SFLot size:
0.05 AcresPrice / SF:
$425/SF- Added:
- May 3, 2026
- Days on Market:
- 21
- Last Refresh:
- May 23 at 12:06 pm
Property Features for 78-12 32ND Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 1, Bedroom 6, Basement, Bedroom 5, Bathroom 2, Bathroom 1
- Parking features
- On Street
- Interior features
- First Floor Bedroom, First Floor Full Bath
- Basement
- Full
- Standard status
- Active
- APN
- 01174-0008
- Size
- 3,050 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 11212
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard
- Cooling system
- Window Unit(s), Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1925
- Number of units
- 2
- Building materials
- Brick
Listing agent Hsin Yuan Yang License #10311205376 (646) 688-8998
Listing office E Realty International Corp 3907 Prince St Ste 4D, Flushing, NY (718) 886-8110
Listing date May 3, 2026
MLS# 993629
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.
HighLights
- Legal 2‑family home featuring spacious 3‑bedroom, 1‑bathroom layouts on each floor, ideal for rental income or multi‑generational living.
- Prime Elmhurst location, near Broadway and Roosevelt Avenue, with convenient access to shopping and dining.
- Effortless commuting with nearby access to multiple New York City Subway lines (M, R, 7, E, and F).
- Low annual property taxes of approximately $11,212.
- Solid brick construction (built in 1925) with approximately 3,050 square feet of interior space on a 24 x 93 lot.
- Full basement providing additional storage.
Overview
This semi-detached brick two-family home is located in Elmhurst. Constructed in 1925, the residence is situated on a 24 x 93 lot and includes approximately 3,050 square feet of interior space. Configured as a legal 2-family, each of the first and second floors features 3 bedrooms and 1 full bathroom. A full basement provides additional storage and usage options. The property is located near the commercial corridors of Broadway and Roosevelt Avenue, with access to shopping, dining, and everyday conveniences. New York City Subway lines including M, R, 7, E, and F are nearby. The property has low annual property taxes of approximately $11,212.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$828.4K
NOI $74,555 @ 9.00% cap · cautious / downside scenario
Moderate
$1.07M
NOI $74,555 @ 7.00% cap · market / base-case scenario
Aggressive
$1.49M
NOI $74,555 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $140.9k | $46.20 |
| − Vacancy | −$5.4k | −$1.76 |
| EGI | $135.6k | $44.44 |
| − OpEx | −$61.0k | −$20.00 |
| NOI | $74.6k | $24.44 |
3,050 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$1.07M
$931.9K – $1.24M
NOI $74,555 @ 7.0% cap · market cap 5.74%
Second Best
Multifamily LT 5
$721.2K
$631.0K – $841.4K
NOI $50,482 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$2.25M
$1.97M – $2.62M
NOI $157,395 @ 7.0% cap · market cap 12.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- East Elmhurst
- County
- Queens
- State
- New York
- Longitude
- -73.888899
- Latitude
- 40.757116
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two-family brick home in East Elmhurst with investment potential.
Where is this duplex located?
The property is located at 78-12 32ND Avenue East Elmhurst, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Legal 2‑family home featuring spacious 3‑bedroom, 1‑bathroom layouts on each floor, ideal for rental income or multi‑generational living.; Prime Elmhurst location, near Broadway and Roosevelt Avenue, with convenient access to shopping and dining.; Effortless commuting with nearby access to multiple New York City Subway lines (M, R, 7, E, and F).
