Three-Family
New
For Sale
$1,200,000
3116 101st Street, East Elmhurst, NY 11369
The property contains three family residences in East Elmhurst.
Property Size1,600 SF
Days on Market5
Property Features for 3116 101st Street
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Triplex
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,675
Building Details
Building Size
1,600 SF
Year Built
1925
Listing Agency:
Coldwell Banker American Homes
Listed By:
Vincent J. Sparacello
(516) 351-5162
Source:
Barbieliteam
Added: Oct 13
Changed: Oct 16
Last Checked: Oct 16 at 2:44PM
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 Coldwell Banker American Homes
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Investment Insights
Based on property information with market context.
This triplex in East Elmhurst is configured for three family residences. The building dates to 1925 and is located at 3116 101st Street, East Elmhurst, NY 11369.
Key Highlights
- Three‑family residential configuration
- Built in 1925
- Located at 3116 101st Street in East Elmhurst, NY 11369
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,111
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$782,220
$782.2K
Cap Rate 7%
$558,729
$558.7K
Cap Rate 9%
$434,567
$434.6K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$73.9K $46.20/SF
− Vacancy
−$2.8K −$1.76/SF
EGI
$71.1K $44.44/SF
− OpEx
−$32.0K −$20.00/SF
NOI
$39.1K $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%
$782,220
Cap Rate 7%
$558,729
Cap Rate 9%
$434,567
Alternative Uses
Best Use
Apartment 5plus
$558.7K
$488.9K – $651.9K
NOI $39,111 @ 7.0% cap · market cap 3.26%
Second Best
Multifamily LT 5
$378.3K
$331.0K – $441.4K
NOI $26,483 @ 7.0% cap · market cap 2.21%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,568 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,637
Businesses Nearby
Explore this area
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 - The property contains three family residences in East Elmhurst.
Where is this triplex located?
The property is located at 3116 101st Street East Elmhurst, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Three‑family residential configuration; Built in 1925; Located at 3116 101st Street in East Elmhurst, NY 11369
