Two-Unit Corner
For Sale
$988,000
Pending
2063 Hazen Street, East Elmhurst, NY 11370
Corner property with separate three-bedroom and two-bedroom residences.
Property Size1,548 SF
Days on Market50
Property Features for 2063 Hazen Street
General Information
Standard status
Pending
Size
1,548 SF
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,760
Building Details
Building Size
1,548 SF
Year Built
1960
Listing Agency:
Signature Premier Properties
Listed By:
Tammy Blau
(917) 428-3663
Source:
Barbieliteam
Added: Aug 19
Changed: Oct 3
Last Checked: Oct 7 at 6:48PM
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 Signature Premier Properties
Investment Insights
Based on property information with market context.
Built in 1960, this duplex offers two residential units within a corner property. The layouts include one three-bedroom, one-bath residence and a separate two-bedroom, one-bath residence, providing a distinct configuration for each household.
The property is located at 2063 Hazen Street in East Elmhurst, New York, with an 11370 ZIP code. Its two-unit design and differing bedroom counts create a straightforward residential income property format.
The property is located at 2063 Hazen Street in East Elmhurst, New York, with an 11370 ZIP code. Its two-unit design and differing bedroom counts create a straightforward residential income property format.
Key Highlights
- Two‑unit duplex configuration
- One 3‑bedroom, 1‑bath residence
- One 2‑bedroom, 1‑bath residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,840
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$756,800
$756.8K
Cap Rate 7%
$540,571
$540.6K
Cap Rate 9%
$420,444
$420.4K
Market Conditions
NOI Build-Up for 1,548 SF
Gross rent
$71.5K $46.20/SF
− Vacancy
−$2.7K −$1.76/SF
EGI
$68.8K $44.44/SF
− OpEx
−$31.0K −$20.00/SF
NOI
$37.8K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$756,800
Cap Rate 7%
$540,571
Cap Rate 9%
$420,444
Alternative Uses
Best Use
Apartment 5plus
$540.6K
$473.0K – $630.7K
NOI $37,840 @ 7.0% cap · market cap 3.83%
Second Best
Multifamily LT 5
$366.0K
$320.3K – $427.0K
NOI $25,622 @ 7.0% cap · market cap 2.59%
Theoretical Best
Office A
$1.14M
$998.6K – $1.33M
NOI $79,884 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,747
Businesses Nearby
Explore this area
Business Placement
Demographics for 11370, NY
34,683
Population
11,679
Households
3
Avg Household Size
38
Median Age
25%
College-Educated
77%
High-School Grad
1.5 sq mi
ZIP Area
23,122
Density / Sq Mi
$74,895
Median Household Income
$43,313
Median Earnings
$2,071
Median Rent
$843,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Corner property with separate three-bedroom and two-bedroom residences.
Where is this duplex located?
The property is located at 2063 Hazen Street East Elmhurst, NY.
What is the asking price?
The asking price for this property is $988,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; One 3‑bedroom, 1‑bath residence; One 2‑bedroom, 1‑bath residence
