Brick 2-Family
3008 79th Street, East Elmhurst, NY 11370
For Sale
New
$1,325,000
Pending
Two levels feature hardwood floors, spacious bedrooms, and kitchens with dining areas.
Property Size2,466 SF
Days on Market2
Property Features for 3008 79th Street
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
private backyard
Finished
Ceramic Tile,Hardwood
2
No
Yes
4
Eat-in Kitchen,Granite Counters,Walk Through Kitchen
Back Yard
Public
Attached, Garage, Garage Door Opener
Garden
2466
Public Maintained Road
Building Details
Building Size
Year Built
Construction
Listing Agency:
Keller Williams Landmark II
(914) 788-6339
Listed By:
Edwards Lopez Cabrera
(914) 382-1258
Source:
Schunkrealtygroup
Added: Nov 7
Changed: Nov 8
Last Checked: Nov 8 at 1:42AM
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 Keller Williams Landmark II
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Investment Insights
Based on property information with market context.
This 2,466-square-foot, two-family duplex was built in 1960 and has brick construction. Its two levels include living rooms and generously sized bedrooms, with hardwood flooring and ample storage. The kitchens have windows, cabinetry, and space for dining; granite counters are also noted. Finished areas and ceramic tile are among the interior features.
A backyard with garden space provides outdoor area. The property is on a publicly maintained road in East Elmhurst, New York.
A backyard with garden space provides outdoor area. The property is on a publicly maintained road in East Elmhurst, New York.
Key Highlights
- 2,466‑square‑foot two‑family duplex
- Brick construction; built in 1960
- Hardwood floors and generously sized bedrooms on both levels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,280
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,205,600
$1.2M
Cap Rate 7%
$861,143
$861.1K
Cap Rate 9%
$669,778
$669.8K
Market Conditions
NOI Build-Up for 2,466 SF
Gross rent
$113.9K $46.20/SF
− Vacancy
−$4.3K −$1.76/SF
EGI
$109.6K $44.44/SF
− OpEx
−$49.3K −$20.00/SF
NOI
$60.3K $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%
$1,205,600
Cap Rate 7%
$861,143
Cap Rate 9%
$669,778
Alternative Uses
Best Use
Apartment 5plus
$861.1K
$753.5K – $1.00M
NOI $60,280 @ 7.0% cap · market cap 4.55%
Second Best
Multifamily LT 5
$583.1K
$510.2K – $680.3K
NOI $40,816 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,257 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
2
Residential units
Yes
Highway access
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
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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 - Two levels feature hardwood floors, spacious bedrooms, and kitchens with dining areas.
Where is this duplex located?
The property is located at 3008 79th Street East Elmhurst, NY.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: 2,466‑square‑foot two‑family duplex; Brick construction; built in 1960; Hardwood floors and generously sized bedrooms on both levels
