Detached Two-Family Home with Finished
For Sale
$1,548,000
3126 Buell Street, East Elmhurst, NY 11369
Detached two-family home with updated kitchen, fenced backyard, and off-street parking plus finished basement and attic flexibility.
Property Size2,962 SF
Lot Size0.10 Acres
Days on Market66
Property Features for 3126 Buell Street
General Information
Standard status
Active
Size
2,962 SF
Lot size
0.10 Acres
Property subtype
Duplex
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$10,319
Building Details
Building Size
2,962 SF
Year Built
1920
Buildings
1
Tenancy
Multi
Listing Agency:
Winzone Realty Inc
Listed By:
Beatriz E. Rios
(646) 591-8561
Source:
Barbieliteam
Added: Jul 16
Changed: Sep 11
Last Checked: Sep 18 at 11:37AM
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 Winzone Realty Inc
Investment Insights
Based on property information with market context.
Detached two-family home offering two full residential units plus expanded, flexible living space. The owner’s residence features two bedrooms and 1.5 baths with spacious living and dining areas and hardwood floors. The second-floor apartment includes two bedrooms, a full bath, a living room, and a kitchen. A full finished basement adds additional finished living space with two rooms, a living area, a kitchen, and a full bath, and the finished attic provides a studio-style layout with its own kitchen and full bath.
Set on an oversized 43' x 100' lot, the home includes a beautifully fenced private backyard designed for entertaining and everyday relaxation. A private driveway provides convenient off-street parking, and the detached design supports privacy and curb appeal. Located on a quiet residential street just moments from Astoria Boulevard, LaGuardia Airport, major highways, schools, shopping, restaurants, parks, and public transportation.
Built in 1920, this property is positioned for both homeowners and investors seeking space and versatility within a well-connected East Elmhurst setting.
Set on an oversized 43' x 100' lot, the home includes a beautifully fenced private backyard designed for entertaining and everyday relaxation. A private driveway provides convenient off-street parking, and the detached design supports privacy and curb appeal. Located on a quiet residential street just moments from Astoria Boulevard, LaGuardia Airport, major highways, schools, shopping, restaurants, parks, and public transportation.
Built in 1920, this property is positioned for both homeowners and investors seeking space and versatility within a well-connected East Elmhurst setting.
Key Highlights
- Finished basement with two rooms, living area, kitchen, and full bath
- Finished attic studio‑style layout with its own kitchen and full bath
- Two‑family configuration: owner’s residence plus a second‑floor two‑bedroom apartment
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
$72,404
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
4.68%
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%
$1,448,080
$1.4M
Cap Rate 7%
$1,034,343
$1.0M
Cap Rate 9%
$804,489
$804.5K
Market Conditions
NOI Build-Up for 2,962 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
$136.8K $46.20/SF
− Vacancy
−$5.2K −$1.76/SF
EGI
$131.6K $44.44/SF
− OpEx
−$59.2K −$20.00/SF
NOI
$72.4K $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%
$1,448,080
Cap Rate 7%
$1,034,343
Cap Rate 9%
$804,489
Alternative Uses
Best Use
Apartment 5plus
$1.03M
$905.1K – $1.21M
NOI $72,404 @ 7.0% cap · market cap 4.68%
Second Best
Multifamily LT 5
$700.4K
$612.8K – $817.1K
NOI $49,026 @ 7.0% cap · market cap 3.17%
Theoretical Best
Office A
$2.18M
$1.91M – $2.55M
NOI $152,853 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,065
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Detached two-family home with updated kitchen, fenced backyard, and off-street parking plus finished basement and attic flexibility.
Where is this duplex located?
The property is located at 3126 Buell Street East Elmhurst, NY.
What is the asking price?
The asking price for this property is $1,548,000.
What are key features of this property?
This property features: Finished basement with two rooms, living area, kitchen, and full bath; Finished attic studio‑style layout with its own kitchen and full bath; Two‑family configuration: owner’s residence plus a second‑floor two‑bedroom apartment
