Three-Unit Multifamily
New
For Sale
$1,280,000
31-31 105 Street, East Elmhurst, NY 11369
Three levels provide a one-bedroom basement unit and two upper residences with two bedrooms and two bathrooms each.
Property Size2,600 SF
Price / SF$492.31
Days on Market4
Property Features for 31-31 105 Street
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$11,049
Amenities
Walk-Out Access
4
Yes
Other
No
2600
Building Details
Building Size
2,600 SF
Year Built
2006
Stories
3
Listing Agency:
(516) 703-2918
Listed By:
Craig May
Source:
Hedgestonehomes
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 3:18PM
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 Craig May
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Investment Insights
Based on property information with market context.
This three-unit multifamily property contains 2,600 square feet and was built in 2006. The basement level has one bedroom, while the second and third floors each offer two bedrooms and two bathrooms. Walk-out access is listed among the interior features.
Key Highlights
- 2,600‑square‑foot multifamily property
- Three levels with a one‑bedroom basement unit
- Second- and third‑floor residences each have 2 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,555
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,271,100
$1.3M
Cap Rate 7%
$907,929
$907.9K
Cap Rate 9%
$706,167
$706.2K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$120.1K $46.20/SF
− Vacancy
−$4.6K −$1.76/SF
EGI
$115.6K $44.44/SF
− OpEx
−$52.0K −$20.00/SF
NOI
$63.6K $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%
$1,271,100
Cap Rate 7%
$907,929
Cap Rate 9%
$706,167
Alternative Uses
Best Use
Apartment 5plus
$907.9K
$794.4K – $1.06M
NOI $63,555 @ 7.0% cap · market cap 4.97%
Second Best
Multifamily LT 5
$614.8K
$537.9K – $717.2K
NOI $43,034 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,172 @ 7.0% cap · market cap 10.48%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,065
Businesses Nearby
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Business Placement
Demographics for 11369, NY
40,805
Population
13,893
Households
2.9
Avg Household Size
37
Median Age
24%
College-Educated
79%
High-School Grad
1.1 sq mi
ZIP Area
37,095
Density / Sq Mi
$80,577
Median Household Income
$40,089
Median Earnings
$1,983
Median Rent
$734,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three levels provide a one-bedroom basement unit and two upper residences with two bedrooms and two bathrooms each.
Where is this triplex located?
The property is located at 31-31 105 Street East Elmhurst, NY.
What is the asking price?
The asking price for this property is $1,280,000.
What are key features of this property?
This property features: 2,600‑square‑foot multifamily property; Three levels with a one‑bedroom basement unit; Second- and third‑floor residences each have 2 bedrooms and 2 bathrooms
