Two-Family Duplex with Private
For Sale
$2,380,000
30-49 79th Street, East Elmhurst, NY 11370
Well-maintained two-family property with a finished basement, separate entrance, private balconies, garage, and multiple parking spaces.
Property Size4,968 SF
Lot Size0.11 Acres
Price / SF$479.07
Days on Market16
Property Features for 30-49 79th Street
General Information
Standard status
Active
Size
4,968 SF
Lot size
0.11 Acres
Property subtype
Duplex
Additional Details
Highway Access
Yes
Amenities
private balconies
finished basement
large backyard
Building Details
Building Size
4,968 SF
Year Built
1980
Buildings
1
Tenancy
Multi
Listing Agency:
Skylux Realty Inc
(516) 587-9113
Listed By:
Fei Guo
Source:
Barbieliteam
Added: Jul 17
Changed: Jul 31
Last Checked: Jul 31 at 10:24AM
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 Skylux Realty Inc
Investment Insights
Based on property information with market context.
This well-maintained legal two-family home includes approximately 4,968 square feet of living space on a 5,000-square-foot lot, with a 36' x 46' building constructed in 1980. The first-floor apartment offers 2 bedrooms, 1 bathroom, and a spacious living room. The upper duplex includes 3 bedrooms, 2 full bathrooms, 1 kitchen on each floor, generous living and dining areas, and private balconies.
A finished basement with a separate entrance provides additional flexible space for recreation, a home office, a gym, or storage. Property features include 3 separate electric meters, 3 gas meters, 2 central air zones, 1 boiler, 1 attached garage, multiple private parking spaces, and a large backyard.
Located at 30-49 79th Street in East Elmhurst, the property is near shopping, restaurants, schools, parks, and public transportation, with access to Q33, Q47, Q48, Q49, and Q66 buses, the 7 subway line, Grand Central Parkway, and the BQE. It is also near Flushing, Jackson Heights, LaGuardia Airport, and Citi Field.
A finished basement with a separate entrance provides additional flexible space for recreation, a home office, a gym, or storage. Property features include 3 separate electric meters, 3 gas meters, 2 central air zones, 1 boiler, 1 attached garage, multiple private parking spaces, and a large backyard.
Located at 30-49 79th Street in East Elmhurst, the property is near shopping, restaurants, schools, parks, and public transportation, with access to Q33, Q47, Q48, Q49, and Q66 buses, the 7 subway line, Grand Central Parkway, and the BQE. It is also near Flushing, Jackson Heights, LaGuardia Airport, and Citi Field.
Key Highlights
- Approximately 4,968 square feet of living space on a 5,000‑square‑foot lot
- First‑floor 2‑bedroom, 1‑bath apartment plus upper 3‑bedroom, 2‑bath duplex
- Finished basement with separate entrance and flexible recreation, office, gym, or storage space
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $229.5k | $46.20 |
| − Vacancy | −$8.7k | −$1.76 |
| EGI | $220.8k | $44.44 |
| − OpEx | −$99.4k | −$20.00 |
| NOI | $121.4k | $24.44 |
4,968 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
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.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-family property with a finished basement, separate entrance, private balconies, garage, and multiple parking spaces.
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: Approximately 4,968 square feet of living space on a 5,000‑square‑foot lot; First‑floor 2‑bedroom, 1‑bath apartment plus upper 3‑bedroom, 2‑bath duplex; Finished basement with separate entrance and flexible recreation, office, gym, or storage space
