Two-Dwelling Duplex
New
For Sale
$1,620,000
27-37 Curtis Street, East Elmhurst, NY 11369
Detached residential income property with a rear garage and a three-floor layout above a basement.
Property Size2,475 SF
Days on Market3
Property Features for 27-37 Curtis Street
General Information
Standard status
Active
Size
2,475 SF
Property subtype
Duplex
Additional Details
Gross Income
$130,200
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,719
Building Details
Building Size
2,475 SF
Year Built
1925
Buildings
1
Stories
3
Listing Agency:
Winzone Realty Inc
Listed By:
Xiao Feng Pan CBR · License #31PA0929296
(718) 899-7000
Source:
Serhant
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 15 at 1:18AM
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 Winzone Realty Inc
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Investment Insights
Based on property information with market context.
This detached duplex property contains two legal dwellings across three floors, with a basement below. A garage is positioned at the rear of the building.
Built in 1925, the property is located on Curtis Street in East Elmhurst, New York.
Built in 1925, the property is located on Curtis Street in East Elmhurst, New York.
Key Highlights
- Two legal dwellings in a detached building
- Three floors plus basement
- Rear garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,500
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,210,000
$1.2M
Cap Rate 7%
$864,286
$864.3K
Cap Rate 9%
$672,222
$672.2K
Market Conditions
NOI Build-Up for 2,475 SF
Gross rent
$114.3K $46.20/SF
− Vacancy
−$4.3K −$1.76/SF
EGI
$110.0K $44.44/SF
− OpEx
−$49.5K −$20.00/SF
NOI
$60.5K $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%
$1,210,000
Cap Rate 7%
$864,286
Cap Rate 9%
$672,222
Alternative Uses
Best Use
Apartment 5plus
$864.3K
$756.3K – $1.01M
NOI $60,500 @ 7.0% cap · market cap 3.73%
Second Best
Multifamily LT 5
$585.2K
$512.1K – $682.8K
NOI $40,965 @ 7.0% cap · market cap 2.53%
Theoretical Best
Office A
$1.82M
$1.60M – $2.13M
NOI $127,722 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,080
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Detached residential income property with a rear garage and a three-floor layout above a basement.
Where is this duplex located?
The property is located at 27-37 Curtis Street East Elmhurst, NY.
What is the asking price?
The asking price for this property is $1,620,000.
What are key features of this property?
This property features: Two legal dwellings in a detached building; Three floors plus basement; Rear garage
