Two-Family Home with Finished
New
For Sale
$2,380,000
Pending
30-49 79th Street, East Elmhurst, NY 11370
Two residences include a first-floor apartment and an upper duplex, with a separate-entrance basement and private outdoor space.
Property Size4,968 SF
Lot Size0.11 Acres
Days on Market2
Property Features for 30-49 79th Street
General Information
Standard status
Pending
Size
4,968 SF
Lot size
0.11 Acres
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units
2
Individually Metered Utilities
electricity, gas
Taxes and HOA fees
Annual Taxes
$18,842
Amenities
private balconies
large backyard
attached garage
finished basement
Finished,Full,Walk-Out Access
5
Yes
8
First Floor Bedroom,First Floor Full Bath,Open Floorplan,Recessed Lighting
Finished, Full, Walk-Out Access
Public
No
Attached, Driveway, Garage, Private
4968
Building Details
Building Size
4,968 SF
Year Built
1980
Buildings
1
Listing Agency:
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 31
Last Checked: Oct 31 at 2:28PM
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 Geralda Desir
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Investment Insights
Based on property information with market context.
This legal two-family home contains approximately 4,968 square feet of living space on a 5,000-square-foot lot. The first-floor apartment has two bedrooms, one bathroom, and a living room. Above it, a duplex provides three bedrooms, two full bathrooms, a kitchen on each floor, living and dining areas, and private balconies. The finished basement has a separate entrance and walk-out access. Additional features include three electric meters, three gas meters, two central air zones, one boiler, an attached garage, private parking, and a backyard.
The property is in East Elmhurst, near shopping, restaurants, schools, parks, and public transportation. Bus routes Q33, Q47, Q48, Q49, and Q66 serve the area, with access to the 7 subway line, Grand Central Parkway, and the BQE. Flushing, Jackson Heights, LaGuardia Airport, and Citi Field are also listed among nearby destinations.
The property is in East Elmhurst, near shopping, restaurants, schools, parks, and public transportation. Bus routes Q33, Q47, Q48, Q49, and Q66 serve the area, with access to the 7 subway line, Grand Central Parkway, and the BQE. Flushing, Jackson Heights, LaGuardia Airport, and Citi Field are also listed among nearby destinations.
Key Highlights
- Legal two‑family property with approximately 4,968 sq. ft. of living space on a 5,000 sq. ft. lot
- First‑floor apartment has 2 bedrooms and 1 bathroom; upper duplex has 3 bedrooms and 2 full bathrooms
- Upper duplex includes a kitchen on each floor, living and dining areas, and private balconies
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$121,440
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,428,800
$2.4M
Cap Rate 7%
$1,734,857
$1.7M
Cap Rate 9%
$1,349,333
$1.3M
Market Conditions
NOI Build-Up for 4,968 SF
Gross rent
$229.5K $46.20/SF
− Vacancy
−$8.7K −$1.76/SF
EGI
$220.8K $44.44/SF
− OpEx
−$99.4K −$20.00/SF
NOI
$121.4K $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%
$2,428,800
Cap Rate 7%
$1,734,857
Cap Rate 9%
$1,349,333
Alternative Uses
Best Use
Apartment 5plus
$1.73M
$1.52M – $2.02M
NOI $121,440 @ 7.0% cap · market cap 5.10%
Second Best
Multifamily LT 5
$1.17M
$1.03M – $1.37M
NOI $82,228 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$3.66M
$3.20M – $4.27M
NOI $256,373 @ 7.0% cap · market cap 10.77%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,213
Businesses Nearby
Explore this area
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences include a first-floor apartment and an upper duplex, with a separate-entrance basement and private outdoor space.
Where is this duplex located?
The property is located at 30-49 79th Street East Elmhurst, NY.
What is the asking price?
The asking price for this property is $2,380,000.
What are key features of this property?
This property features: Legal two‑family property with approximately 4,968 sq. ft. of living space on a 5,000 sq. ft. lot; First‑floor apartment has 2 bedrooms and 1 bathroom; upper duplex has 3 bedrooms and 2 full bathrooms; Upper duplex includes a kitchen on each floor, living and dining areas, and private balconies
