Three-Unit Duplex
New
For Sale
$1,399,000
Pending
24-60 81st Street, East Elmhurst, NY 11370
Three floors provide six bedrooms and three full bathrooms, with driveway parking for four vehicles.
Property Size2,400 SF
Days on Market4
Property Features for 24-60 81st Street
General Information
Standard status
Pending
Size
2,400 SF
Total Parking Spaces
4
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$11,158
Amenities
Hardwood,Laminate,Tile
3
No
Yes
6
First Floor Bedroom,First Floor Full Bath,Eat-in Kitchen
Back Yard
Public
4
Driveway, On Street
2400
Building Details
Building Size
2,400 SF
Year Built
1960
Stories
3
Construction
brick
Listing Agency:
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 31
Last Checked: Nov 3 at 7:19AM
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 Geralda Desir
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Investment Insights
Based on property information with market context.
This brick residential property contains three floors, with a living room, eat-in kitchen, two bedrooms, and a full bathroom on each floor. The building totals 2,400 square feet and includes six bedrooms and three full bathrooms. Interior finishes include hardwood, tile, and laminate flooring, and the structure was built in 1960.
A private driveway accommodates four cars, with additional on-street parking also noted. The property is located at 24-60 81st Street in East Elmhurst, New York.
A private driveway accommodates four cars, with additional on-street parking also noted. The property is located at 24-60 81st Street in East Elmhurst, New York.
Key Highlights
- 2,400‑square‑foot brick residential property built in 1960
- Three floors, each with a living room, eat‑in kitchen, two bedrooms, and a full bathroom
- Six bedrooms and three full bathrooms across the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,667
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,173,340
$1.2M
Cap Rate 7%
$838,100
$838.1K
Cap Rate 9%
$651,856
$651.9K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$110.9K $46.20/SF
− Vacancy
−$4.2K −$1.76/SF
EGI
$106.7K $44.44/SF
− OpEx
−$48.0K −$20.00/SF
NOI
$58.7K $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%
$1,173,340
Cap Rate 7%
$838,100
Cap Rate 9%
$651,856
Alternative Uses
Best Use
Apartment 5plus
$838.1K
$733.3K – $977.8K
NOI $58,667 @ 7.0% cap · market cap 4.19%
Second Best
Multifamily LT 5
$567.5K
$496.6K – $662.1K
NOI $39,724 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,852 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
890
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Three floors provide six bedrooms and three full bathrooms, with driveway parking for four vehicles.
Where is this duplex located?
The property is located at 24-60 81st Street East Elmhurst, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 2,400‑square‑foot brick residential property built in 1960; Three floors, each with a living room, eat‑in kitchen, two bedrooms, and a full bathroom; Six bedrooms and three full bathrooms across the property
