Semi-Detached Two-Family with Detached
For Sale
$1,280,000
2243 97th Street, East Elmhurst, NY 11369
Semi-detached two-family home with six bedrooms, four full bathrooms, a private driveway, and detached garage.
Days on Market15
Property Features for 2243 97th Street
General Information
Standard status
Active
Property subtype
Duplex
Additional Details
Highway Access
Yes
Building Details
Building Size
1,988 SF
Year Built
2000
Tenancy
Multi
Listing Agency:
Ashford Homes 6 Inc
(646) 470-9066
Listed By:
Yaling Lin
Source:
Serhant
Added: Jul 16
Changed: Jul 30
Last Checked: Jul 30 at 2:34PM
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 Ashford Homes 6 Inc
Investment Insights
Based on property information with market context.
2243 97th Street in East Elmhurst is a semi-detached two-family home built in 2000, offering 6 bedrooms and 4 full bathrooms across the residence. The layout includes bright, spacious living areas and functional rooming that can support owner-occupancy while generating rental income. Off-street parking is provided by a private driveway, and there is also a detached garage for convenient vehicle storage.
The home is positioned in the heart of East Elmhurst with nearby restaurants, cafes, supermarkets, and neighborhood shops. Commuting is supported by access to LaGuardia Airport, the Grand Central Parkway, the Brooklyn-Queens Expressway, and the RFK Bridge. For outdoor recreation, Flushing Meadows-Corona Park is also nearby.
This property is designed to accommodate a variety of household and tenant needs where space and parking are priorities.
The home is positioned in the heart of East Elmhurst with nearby restaurants, cafes, supermarkets, and neighborhood shops. Commuting is supported by access to LaGuardia Airport, the Grand Central Parkway, the Brooklyn-Queens Expressway, and the RFK Bridge. For outdoor recreation, Flushing Meadows-Corona Park is also nearby.
This property is designed to accommodate a variety of household and tenant needs where space and parking are priorities.
Key Highlights
- Built in 2000 semi‑detached two‑family home
- 6 bedrooms total
- 4 full bathrooms
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 | $91.8k | $46.20 |
| − Vacancy | −$3.5k | −$1.76 |
| EGI | $88.4k | $44.44 |
| − OpEx | −$39.8k | −$20.00 |
| NOI | $48.6k | $24.44 |
1,988 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$694.2K
$607.5K – $809.9K
NOI $48,596 @ 7.0% cap · market cap 3.80%
Second Best
Multifamily LT 5
$470.1K
$411.3K – $548.4K
NOI $32,905 @ 7.0% cap · market cap 2.57%
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,590 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,842
Businesses Nearby
Explore this area
Business Placement
Demographics for 11369, NY
40,805
Population
13,893
Households
2.9
Avg Household Size
37
Median Age
24%
College-Educated
79%
High-School Grad
1.1 sq mi
ZIP Area
37,095
Density / Sq Mi
$80,577
Median Household Income
$40,089
Median Earnings
$1,983
Median Rent
$734,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Semi-detached two-family home with six bedrooms, four full bathrooms, a private driveway, and detached garage.
Where is this duplex located?
The property is located at 2243 97th Street East Elmhurst, NY.
What is the asking price?
The asking price for this property is $1,280,000.
What are key features of this property?
This property features: Built in 2000 semi‑detached two‑family home; 6 bedrooms total; 4 full bathrooms
