For Sale
$1,760,000
2576 99th Street, East Elmhurst, NY 11369
Triplexes
Property Size2,960 SF
Days on Market50
Property Features for 2576 99th Street
General Information
Standard status
Active
Size
2,960 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$9,503
Building Details
Building Size
2,960 SF
Year Built
1925
Listing Agency:
Sweet Key Realty Group Inc
Listed By:
Qun D. Lin
(347) 323-2443
Source:
Barbieliteam
Added: Sep 4
Changed: Oct 13
Last Checked: Oct 21 at 6:49AM
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 Sweet Key Realty Group Inc
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,355
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,447,100
$1.4M
Cap Rate 7%
$1,033,643
$1.0M
Cap Rate 9%
$803,944
$803.9K
Market Conditions
NOI Build-Up for 2,960 SF
Gross rent
$136.8K $46.20/SF
− Vacancy
−$5.2K −$1.76/SF
EGI
$131.6K $44.44/SF
− OpEx
−$59.2K −$20.00/SF
NOI
$72.4K $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%
$1,447,100
Cap Rate 7%
$1,033,643
Cap Rate 9%
$803,944
Alternative Uses
Best Use
Apartment 5plus
$1.03M
$904.4K – $1.21M
NOI $72,355 @ 7.0% cap · market cap 4.11%
Second Best
Multifamily LT 5
$699.9K
$612.4K – $816.6K
NOI $48,993 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$2.18M
$1.91M – $2.55M
NOI $152,750 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
2,154
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
Where is this triplex located?
The property is located at 2576 99th Street East Elmhurst, NY.
What is the asking price?
The asking price for this property is $1,760,000.
