Residential Income Property with
For Sale
$1,400,000
Pending
3210 81st Street, East Elmhurst, NY 11370
Finished lower-level space includes walk-out access and an eat-in kitchen.
Property Size2,320 SF
Days on Market19
Property Features for 3210 81st Street
General Information
Standard status
Pending
Size
2,320 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$11,332
Amenities
Wall/Window Unit(s)
Natural Gas, Steam
Finished, Full, Walk-Out Access
Eat-in Kitchen
Detached, Garage, Private, Shared Driveway
Building Details
Building Size
2,320 SF
Year Built
1930
Listing Agency:
Keller Williams Landmark II
Listed By:
Cesar M. Portilla
(917) 575-8178
Source:
Evrealestate
Added: Sep 19
Changed: Oct 5
Last Checked: Oct 5 at 4:48PM
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
Investment Insights
Based on property information with market context.
Built in 1930, this residential income property includes finished full-basement space with walk-out access and an eat-in kitchen. Interior features also include wall/window units and natural gas, steam heating. The exterior configuration includes a detached garage and a shared driveway, with private access noted as well.
The property is at 3210 81st Street in East Elmhurst, Queens, New York.
The property is at 3210 81st Street in East Elmhurst, Queens, New York.
Key Highlights
- Built in 1930
- Finished full basement with walk‑out access
- Eat‑in kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,711
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,134,220
$1.1M
Cap Rate 7%
$810,157
$810.2K
Cap Rate 9%
$630,122
$630.1K
Market Conditions
NOI Build-Up for 2,320 SF
Gross rent
$107.2K $46.20/SF
− Vacancy
−$4.1K −$1.76/SF
EGI
$103.1K $44.44/SF
− OpEx
−$46.4K −$20.00/SF
NOI
$56.7K $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%
$1,134,220
Cap Rate 7%
$810,157
Cap Rate 9%
$630,122
Alternative Uses
Best Use
Apartment 5plus
$810.2K
$708.9K – $945.2K
NOI $56,711 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,723 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,528
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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Frequently Asked Questions
What type of property is this?
Residential income property - Finished lower-level space includes walk-out access and an eat-in kitchen.
Where is this residential income property located?
The property is located at 3210 81st Street East Elmhurst, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Built in 1930; Finished full basement with walk‑out access; Eat‑in kitchen
