Spacious Three-Family
103-06 35th Avenue Queens, NY 11368
103-06 35th Avenue, Queens, NY, 11368
$2,058,800
For Sale
$2,058,800
Three legal families with separate entrances, hardwood floors, and four electric meters on a move-in-ready building.
Property Size3,277 SF
Price / SF$628.26
Days on Market80
Property Features for 103-06 35th Avenue
General Information
- Standard status
- Active
- Size
- 3,277 SF
- Property subtype
- Triplex
Building Details
- Year Built
- 1999
Listing agency
Keyquest Realty Inc
(347) 218-8588
Listed by
QiLong Qu
(347) 218-8588
Source
Compass
Added: May 5 Updated: Jul 22 at 2:25AM Checked: Jul 22 at 2:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keyquest Realty Inc
Investment Insights
Based on property information with market context.
This spacious three-family residence is move-in ready and configured as a four-level building with separate entrances. Hardwood floors run throughout, and the home features large windows that provide abundant natural light. The building has four electric meters and three gas meters.
The 1st floor includes one bedroom and one bathroom with a one-car garage. The 2nd floor offers three bedrooms and two bathrooms, along with front and rear balconies. The 3rd floor features three bedrooms and two bathrooms, also with front and rear balconies. A fully finished basement with its own separate entrance includes a high ceiling and access to a large backyard, and there is private parking.
Per the provided information, the property is a three-family C.O. issued in 2026, with updates pending for the property tax information. This is offered for sale as a residential income property with existing legal three-family configuration.
The 1st floor includes one bedroom and one bathroom with a one-car garage. The 2nd floor offers three bedrooms and two bathrooms, along with front and rear balconies. The 3rd floor features three bedrooms and two bathrooms, also with front and rear balconies. A fully finished basement with its own separate entrance includes a high ceiling and access to a large backyard, and there is private parking.
Per the provided information, the property is a three-family C.O. issued in 2026, with updates pending for the property tax information. This is offered for sale as a residential income property with existing legal three-family configuration.
Key Highlights
- Spacious 3 legal family building (25x48) built in 1999 with 4 levels and separate entrances
- Total 1200 sqft living space with hardwood floors throughout and large windows for natural light
- Unit mix: 1st floor 1BR/1BA with 1‑car garage; 2nd floor 3BR/2BA with front and rear balcony; 3rd floor 3BR/2BA with front and rear balcony
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 | $151.4k | $46.20 |
| − Vacancy | −$5.8k | −$1.76 |
| EGI | $145.6k | $44.44 |
| − OpEx | −$65.5k | −$20.00 |
| NOI | $80.1k | $24.44 |
3,277 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.14M
$1.00M – $1.34M
NOI $80,104 @ 7.0% cap · market cap 3.89%
Second Best
Multifamily LT 5
$774.9K
$678.0K – $904.0K
NOI $54,240 @ 7.0% cap · market cap 2.63%
Theoretical Best
Office A
$2.42M
$2.11M – $2.82M
NOI $169,109 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three legal families with separate entrances, hardwood floors, and four electric meters on a move-in-ready building.
Where is this triplex located?
The property is located at 103-06 35th Avenue Queens, NY.
What is the asking price?
The asking price for this property is $2,058,800.
What are key features of this property?
This property features: Spacious 3 legal family building (25x48) built in 1999 with 4 levels and separate entrances; Total 1200 sqft living space with hardwood floors throughout and large windows for natural light; Unit mix: 1st floor 1BR/1BA with 1‑car garage; 2nd floor 3BR/2BA with front and rear balcony; 3rd floor 3BR/2BA with front and rear balcony
