Two-Family Home with Finished
30-49 79th Street East Elmhurst, NY 11370
New
30-49 79th Street, East Elmhurst, NY, 11370
$2,380,000
For Sale
$2,380,000
MULTI_FAMILY - East Elmhurst, NY
Property Size4,968 SF
Lot Size0.11 Acres
Price / SF$479.07
Days on Market1
Property Features for 30-49 79th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 8
- Bathrooms
- 5
- Rooms
- Bedroom 3, Bedroom 8, Bathroom 3, Bedroom 7, Bathroom 5, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 4, Bedroom 6, Bedroom 5, Basement, Bedroom 4
- Parking features
- Garage, Driveway
- Interior features
- First Floor Bedroom, First Floor Full Bath, Open Floorplan, Recessed Lighting
- Basement
- Walk-Out Access, Finished, Full
- Standard status
- Active
- APN
- 01128-0042
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 18842
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Baseboard
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1980
- Number of units
- 3
- Building materials
- Brick
Listing Agency
Skylux Realty Inc
(718) 500-2231
55 Northern Blvd Suite 302, FLUSHING, NY
Listed by
Fei Guo
(516) 587-9113
Added: Jul 17 Checked: Jul 17 at 5:06 pm
MLS# 1026669
Listing URL
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This legal two-family home offers a spacious, well-maintained layout with separate living arrangements. The first floor includes a 2-bedroom, 1-bath apartment with a spacious living room. The upper unit features 3 bedrooms and 2 full bathrooms, with a kitchen on each floor, generous living and dining areas, and private balconies.
A finished basement with a separate entrance adds flexible additional space. Additional infrastructure includes 3 separate electric meters and 3 gas meters, along with 2 central air zones and 1 boiler. The property also has an attached garage, multiple private parking spaces, and a large backyard.
Conveniently located near shopping, restaurants, schools, parks, and public transportation, the property provides easy access to multiple bus lines, including Q33, Q47, Q48, Q49, and Q66, as well as Flushing, Jackson Heights, LaGuardia Airport, Citi Field, the 7 subway line, Grand Central Parkway, and the BQE.
A finished basement with a separate entrance adds flexible additional space. Additional infrastructure includes 3 separate electric meters and 3 gas meters, along with 2 central air zones and 1 boiler. The property also has an attached garage, multiple private parking spaces, and a large backyard.
Conveniently located near shopping, restaurants, schools, parks, and public transportation, the property provides easy access to multiple bus lines, including Q33, Q47, Q48, Q49, and Q66, as well as Flushing, Jackson Heights, LaGuardia Airport, Citi Field, the 7 subway line, Grand Central Parkway, and the BQE.
Key Highlights
- Legal two‑family home with an estimated 4,968 sq. ft. of living space on a 5,000 sq. ft. lot
- 36' x 46' building on a brick exterior; built in 1980 with a basement and separate entrance
- First‑floor unit: 2 bedrooms, 1 full bath, open floorplan, and recessed lighting
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Legal two-family home with upper unit balconies, finished basement with separate entrance, and multiple metering.
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 home with an estimated 4,968 sq. ft. of living space on a 5,000 sq. ft. lot; 36' x 46' building on a brick exterior; built in 1980 with a basement and separate entrance; First‑floor unit: 2 bedrooms, 1 full bath, open floorplan, and recessed lighting
