Brick Triplex with Private
3033 72nd Street, East Elmhurst, NY 11370
For Sale
New
$1,578,000
Pending
The three-unit residence includes a garage, driveway parking, and a private backyard.
Property Size2,761 SF
Days on Market3
Property Features for 3033 72nd Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
private backyard
balcony
3
No
Yes
5
First Floor Bedroom,First Floor Full Bath,Entrance Foyer,Formal Dining,Open Floorplan,Open Kitchen,Storage
Public
Driveway, Garage, Off Street, Oversized, Private, Storage
2761
Building Details
Building Size
Year Built
Construction
Listing Agency:
Signature Premier Properties
(914) 788-6339
Listed By:
Emmanuel Faure
(917) 750-0466
Source:
Schunkrealtygroup
Added: Nov 7
Changed: Nov 9
Last Checked: Nov 8 at 4:45PM
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 Signature Premier Properties
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Investment Insights
Based on property information with market context.
This 2,761-square-foot brick triplex, built in 1950, is configured as a legal three-family home. The first-floor apartment has one bedroom. The other two apartments each offer two bedrooms and one bathroom; balconies are also noted. A private backyard, garage, and front driveway with two private parking spaces are included.
The property is on a tree-lined block in East Elmhurst, near restaurants, cafes, shops, and bus routes, with access to major thoroughfares.
The property is on a tree-lined block in East Elmhurst, near restaurants, cafes, shops, and bus routes, with access to major thoroughfares.
Key Highlights
- Legal three‑family brick residence with 2,761 square feet
- First‑floor apartment has one bedroom; the other two units each have two bedrooms and one bathroom
- Garage and two private parking spaces in the front driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,226
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,364,520
$1.4M
Cap Rate 7%
$974,657
$974.7K
Cap Rate 9%
$758,067
$758.1K
Market Conditions
NOI Build-Up for 2,761 SF
Gross rent
$106.0K $38.40/SF
− Vacancy
−$8.6K −$3.10/SF
EGI
$97.5K $35.30/SF
− OpEx
−$29.2K −$10.59/SF
NOI
$68.2K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,364,520
Cap Rate 7%
$974,657
Cap Rate 9%
$758,067
Alternative Uses
Best Use
Multifamily LT 5
$974.7K
$852.8K – $1.14M
NOI $68,226 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$964.2K
$843.6K – $1.12M
NOI $67,491 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$2.04M
$1.78M – $2.37M
NOI $142,481 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,361
Businesses Nearby
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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
$843,600
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Queens County, NY
Properties on Market for Triplexes in Queens County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The three-unit residence includes a garage, driveway parking, and a private backyard.
Where is this triplex located?
The property is located at 3033 72nd Street East Elmhurst, NY.
What is the asking price?
The asking price for this property is $1,578,000.
What are key features of this property?
This property features: Legal three‑family brick residence with 2,761 square feet; First‑floor apartment has one bedroom; the other two units each have two bedrooms and one bathroom; Garage and two private parking spaces in the front driveway
