Residential Income Property with
For Sale
$979,000
24-33 82nd Street, East Elmhurst, NY 11370
The home includes a fenced exterior, an attached garage, and an eat-in kitchen.
Property Size1,536 SF
Days on Market125
Property Features for 24-33 82nd Street
General Information
Standard status
Active
Size
1,536 SF
Total Parking Spaces
2
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$8,052
Amenities
Wall/Window Unit(s)
Natural Gas, Steam
Chandelier, Eat-in Kitchen
Fenced
Attached, Garage
Garden, Other
Building Details
Building Size
1,536 SF
Year Built
1940
Listing Agency:
EXP Realty
Listed By:
Vincent Koo CBR SRS
(917) 920-6386
Source:
Evrealestate
Added: Jun 3
Changed: Oct 3
Last Checked: Oct 4 at 9:27AM
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.
Built in 1940, this residential income property has an eat-in kitchen and chandelier. Interior features also include wall/window units and natural gas, steam heating. The exterior includes fencing, a garden, and an attached garage.
The property is at 24-33 82nd Street in East Elmhurst, Queens.
The property is at 24-33 82nd Street in East Elmhurst, Queens.
Key Highlights
- Built in 1940
- Attached garage and fenced exterior
- Garden on the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,547
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$750,940
$750.9K
Cap Rate 7%
$536,386
$536.4K
Cap Rate 9%
$417,189
$417.2K
Market Conditions
NOI Build-Up for 1,536 SF
Gross rent
$71.0K $46.20/SF
− Vacancy
−$2.7K −$1.76/SF
EGI
$68.3K $44.44/SF
− OpEx
−$30.7K −$20.00/SF
NOI
$37.5K $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%
$750,940
Cap Rate 7%
$536,386
Cap Rate 9%
$417,189
Alternative Uses
Best Use
Apartment 5plus
$536.4K
$469.3K – $625.8K
NOI $37,547 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$990.8K – $1.32M
NOI $79,265 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
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Frequently Asked Questions
What type of property is this?
Residential income property - The home includes a fenced exterior, an attached garage, and an eat-in kitchen.
Where is this residential income property 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 $979,000.
What are key features of this property?
This property features: Built in 1940; Attached garage and fenced exterior; Garden on the property
