Six-Bedroom Multifamily
For Sale
$1,798,000
Pending
29-04 Humphreys Street, East Elmhurst, NY 11369
The property offers four bathrooms and a six-bedroom layout suited to multi-generational living.
Property Size4,000 SF
Lot Size0.09 Acres
Days on Market9
Property Features for 29-04 Humphreys Street
General Information
Standard status
Pending
Size
4,000 SF
Lot size
0.09 Acres
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$9,702
Amenities
Finished,Full
4
No
Yes
6
Eat-in Kitchen,Formal Dining,Other
Finished, Full
Public
Building Details
Year Built
1925
Listing Agency:
(516) 703-2918
Listed By:
Louis LaDonna
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 2:46PM
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 Louis LaDonna
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This East Elmhurst multifamily residence has six bedrooms and four bathrooms on a 40-by-100-foot lot. The listing also identifies 4,000 as the property size, without specifying a unit of measurement. Built in 1925, the home includes an eat-in kitchen and formal dining area.
Shopping, dining, schools, and transportation are noted among the nearby amenities.
Shopping, dining, schools, and transportation are noted among the nearby amenities.
Key Highlights
- Six bedrooms and four bathrooms
- 40‑by‑100‑foot lot
- Built in 1925
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,778
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,955,560
$2.0M
Cap Rate 7%
$1,396,829
$1.4M
Cap Rate 9%
$1,086,422
$1.1M
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$184.8K $46.20/SF
− Vacancy
−$7.0K −$1.76/SF
EGI
$177.8K $44.44/SF
− OpEx
−$80.0K −$20.00/SF
NOI
$97.8K $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%
$1,955,560
Cap Rate 7%
$1,396,829
Cap Rate 9%
$1,086,422
Alternative Uses
Best Use
Apartment 5plus
$1.40M
$1.22M – $1.63M
NOI $97,778 @ 7.0% cap · market cap 5.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.95M
$2.58M – $3.44M
NOI $206,419 @ 7.0% cap · market cap 11.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
2,154
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - The property offers four bathrooms and a six-bedroom layout suited to multi-generational living.
Where is this multifamily property located?
The property is located at 29-04 Humphreys Street East Elmhurst, NY.
What is the asking price?
The asking price for this property is $1,798,000.
What are key features of this property?
This property features: Six bedrooms and four bathrooms; 40‑by‑100‑foot lot; Built in 1925
