Brick Two-Family
For Sale
$999,000
24-33 82nd Street, East Elmhurst, NY 11370
Legal two-unit attached home with private parking, outdoor space, and separate front and rear apartment entrances.
Days on Market60
Property Features for 24-33 82nd Street
General Information
Standard status
Active
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Highway Access
Yes
Building Details
Building Size
1,536 SF
Year Built
1940
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
EXP Realty
Listed By:
Vincent Koo CBR SRS
Source:
Serhant
Added: Jun 3
Changed: Jul 31
Last Checked: Aug 1 at 11:12AM
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 EXP Realty
Investment Insights
Based on property information with market context.
This legal two-family attached brick home at 24-33 82nd Street includes two 2-bedroom, 1-bath units. The first-floor apartment offers vaulted ceilings and an eat-in kitchen, while the lower unit features hardwood floors, natural light, and entrances from the front and rear of the house. The property was built in 1940 and sits on a 21-foot-wide lot.
Private 2-car parking, a fenced front yard, and rear outdoor space provide practical amenities for occupants. The property is near shopping, restaurants, schools, parks, public transportation, LaGuardia Airport, and major highways in East Elmhurst, Queens.
Private 2-car parking, a fenced front yard, and rear outdoor space provide practical amenities for occupants. The property is near shopping, restaurants, schools, parks, public transportation, LaGuardia Airport, and major highways in East Elmhurst, Queens.
Key Highlights
- Legal 2‑family attached brick home at 24‑33 82nd Street
- Two 2‑bedroom, 1‑bath units
- 21‑foot‑wide lot; property built in 1940
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 | $71.0k | $46.20 |
| − Vacancy | −$2.7k | −$1.76 |
| EGI | $68.3k | $44.44 |
| − OpEx | −$30.7k | −$20.00 |
| NOI | $37.5k | $24.44 |
1,536 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$536.4K
$469.3K – $625.8K
NOI $37,547 @ 7.0% cap · market cap 3.76%
Second Best
Multifamily LT 5
$363.2K
$317.8K – $423.7K
NOI $25,423 @ 7.0% cap · market cap 2.54%
Theoretical Best
Office A
$1.13M
$990.8K – $1.32M
NOI $79,265 @ 7.0% cap · market cap 7.93%
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
1,549
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
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 - Legal two-unit attached home with private parking, outdoor space, and separate front and rear apartment entrances.
Where is this duplex located?
The property is located at 24-33 82nd Street East Elmhurst, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Legal 2‑family attached brick home at 24‑33 82nd Street; Two 2‑bedroom, 1‑bath units; 21‑foot‑wide lot; property built in 1940
