Brick
27-51 Butler Street, East Elmhurst, NY 11369
For Sale
New
$1,600,000
The property has an open basement and access to shopping, dining, major roadways, and LaGuardia Airport.
Property Size3,442 SF
Lot Size0.09 Acres
Days on Market3
Property Features for 27-51 Butler Street
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
open basement
Natural Gas
Driveway
Garden
Colonial
Building Details
Building Size
Year Built
Construction
Listing Agency:
City Homes Realty Group LLC
Listed By:
Segundo F. Agudo CBR E-PRO
(718) 255-9888
Source:
Evrealestate
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 6 at 6:17AM
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 City Homes Realty Group LLC
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Investment Insights
Based on property information with market context.
This brick duplex contains five bedrooms and two full bathrooms, along with an open basement. The lot measures 40 x 100, and the property was built in 1925.
Shopping, restaurants, major roadways, and LaGuardia Airport are accessible from the property.
Shopping, restaurants, major roadways, and LaGuardia Airport are accessible from the property.
Key Highlights
- Two‑family property with 5 bedrooms and 2 full bathrooms
- 40 x 100 lot
- Open basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,138
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,682,760
$1.7M
Cap Rate 7%
$1,201,971
$1.2M
Cap Rate 9%
$934,867
$934.9K
Market Conditions
NOI Build-Up for 3,442 SF
Gross rent
$159.0K $46.20/SF
− Vacancy
−$6.0K −$1.76/SF
EGI
$153.0K $44.44/SF
− OpEx
−$68.8K −$20.00/SF
NOI
$84.1K $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%
$1,682,760
Cap Rate 7%
$1,201,971
Cap Rate 9%
$934,867
Alternative Uses
Best Use
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $84,138 @ 7.0% cap · market cap 5.26%
Second Best
Multifamily LT 5
$813.9K
$712.1K – $949.5K
NOI $56,971 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$2.54M
$2.22M – $2.96M
NOI $177,624 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
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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Market
Properties on Market for Duplexes in East Elmhurst
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The property has an open basement and access to shopping, dining, major roadways, and LaGuardia Airport.
Where is this duplex located?
The property is located at 27-51 Butler Street East Elmhurst, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Two‑family property with 5 bedrooms and 2 full bathrooms; 40 x 100 lot; Open basement
