Brick Triplex with Private
For Sale
$2,380,000
30-49 79th Street, East Elmhurst, NY 11370
Residential Income, East Elmhurst, NY
Property Size4,968 SF
Lot Size0.11 Acres
Price / SF$479.07
Days on Market47
Property Features for 30-49 79th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
8
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 5, Bedroom 7, Bedroom 8, Bedroom 6, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 5, Bathroom 4, Bathroom 2, Basement, Bathroom 3, Bedroom 1, Bedroom 3
Parking features
Driveway, Garage
Interior features
First Floor Bedroom, First Floor Full Bath, Open Floorplan, Recessed Lighting
Basement
Walk-Out Access, Finished, Full
Elementary school
Ps 2 Alfred Zimberg
Middle school
Is 141 Steinway (The)
High school
William Cullen Bryant High School
Elementary school district
Queens 30
Middle school district
Queens 30
High school district
Queens 30
Directions
Pls refer to Google Maps
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
Amenities
balconies
large backyard
finished basement
Building Details
Year built
1980
Number of units
3
Building materials
Brick
Listing Agency:
Skylux Realty Inc
(718) 500-2231
Listed By:
Fei Guo · License #10401366341
(516) 587-9113
Added: Jul 17
Changed: Aug 20
Last Checked: Sep 1 at 5:06AM
MLS# 1026669
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 brick triplex, built in 1980, contains approximately 4,968 square feet of living space on a 5,000-square-foot lot. The building measures 36 feet by 46 feet and includes multiple bedrooms and full bathrooms, generous living and dining areas, kitchens, private balconies, and a finished basement with a separate entrance. Interior features include an open floorplan, recessed lighting, a first-floor bedroom, and a first-floor full bath.
The property includes three separate electric meters, three gas meters, two central air zones, and one boiler. A single attached garage, driveway, multiple private parking spaces, and a large backyard provide additional site and parking functionality. Heating is provided by natural gas baseboard systems, with central air conditioning and public water and sewer service.
The property is located near shopping, restaurants, schools, parks, and public transportation, with access to Q33, Q47, Q48, Q49, and Q66 bus routes, the 7 subway line, Grand Central Parkway, and the BQE.
The property includes three separate electric meters, three gas meters, two central air zones, and one boiler. A single attached garage, driveway, multiple private parking spaces, and a large backyard provide additional site and parking functionality. Heating is provided by natural gas baseboard systems, with central air conditioning and public water and sewer service.
The property is located near shopping, restaurants, schools, parks, and public transportation, with access to Q33, Q47, Q48, Q49, and Q66 bus routes, the 7 subway line, Grand Central Parkway, and the BQE.
Key Highlights
- Approximately 4,968 SF of living space on a 5,000‑square‑foot lot
- 36' x 46' brick building constructed in 1980
- Three separate electric meters and three gas meters
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$121,440
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,316
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?
Triplex - Brick multifamily property with a finished basement, attached garage, private parking, and separate utility metering.
Where is this triplex 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 SF of living space on a 5,000‑square‑foot lot; 36' x 46' brick building constructed in 1980; Three separate electric meters and three gas meters
