Renovated Brick
30-34 71st Street, East Elmhurst, NY 11370
For Sale
$1,250,000
The three-story residence has a two-family layout and is fully occupied.
Property Size2,714 SF
Days on Market91
Property Features for 30-34 71st Street
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Gross Income
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Construction
Listing Agency:
RE/MAX Team
Listed By:
Nicos Psomopoulos
Source:
Serhant
Added: Aug 10
Changed: Nov 7
Last Checked: Nov 7 at 6:18PM
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 RE/MAX Team
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Investment Insights
Based on property information with market context.
Built in 1960, this renovated brick duplex rises three stories and is configured for two families. Its room arrangement is 5 rooms, 5 rooms and 3 rooms across the three levels. The property is fully occupied and is located at 30-34 71st Street in East Elmhurst, New York.
Key Highlights
- Renovated, three‑story brick duplex
- Two‑family configuration
- Room counts by level: 5, 5 and 3
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,342
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,326,840
$1.3M
Cap Rate 7%
$947,743
$947.7K
Cap Rate 9%
$737,133
$737.1K
Market Conditions
NOI Build-Up for 2,714 SF
Gross rent
$125.4K $46.20/SF
− Vacancy
−$4.8K −$1.76/SF
EGI
$120.6K $44.44/SF
− OpEx
−$54.3K −$20.00/SF
NOI
$66.3K $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%
$1,326,840
Cap Rate 7%
$947,743
Cap Rate 9%
$737,133
Alternative Uses
Best Use
Apartment 5plus
$947.7K
$829.3K – $1.11M
NOI $66,342 @ 7.0% cap · market cap 5.31%
Second Best
Multifamily LT 5
$641.7K
$561.5K – $748.7K
NOI $44,921 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $140,055 @ 7.0% cap · market cap 11.20%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,416
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
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 three-story residence has a two-family layout and is fully occupied.
Where is this duplex located?
The property is located at 30-34 71st Street East Elmhurst, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Renovated, three‑story brick duplex; Two‑family configuration; Room counts by level: 5, 5 and 3
