Two-Family Duplex
For Sale
$1,399,000
Pending
3216 99th Street, East Elmhurst, NY 11369
Two-unit duplex built in 1920 with spacious living areas and updates needed to unlock its full value.
Property Size2,400 SF
Days on Market151
Property Features for 3216 99th Street
General Information
Standard status
Pending
Size
2,400 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$6,573
Building Details
Building Size
2,400 SF
Year Built
1920
Tenancy
Multi
Listing Agency:
Exit Realty All City
Listed By:
Jean H. Pamphile
(407) 475-5243
Source:
Serhant
Added: Jun 1
Changed: Oct 27
Last Checked: Oct 28 at 1:27PM
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 Exit Realty All City
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Investment Insights
Based on property information with market context.
Two-family duplex property built in 1920 offering a strong layout with spacious living areas across both units. The home is described as needing some TLC and modern updates, making it well suited for buyers looking to personalize finishes and improvements.
The property is located at 3216 99th Street in East Elmhurst, NY 11369, just moments from Citi Field. It’s also positioned for easy commuting with nearby access to the 7 train and major highways. Area amenities and everyday conveniences are highlighted as being steps away from shopping, dining, and grocery.
For buyers seeking a residential income setup or a multi-generational configuration, the two-unit design provides the foundation to create a plan that fits your needs.
The property is located at 3216 99th Street in East Elmhurst, NY 11369, just moments from Citi Field. It’s also positioned for easy commuting with nearby access to the 7 train and major highways. Area amenities and everyday conveniences are highlighted as being steps away from shopping, dining, and grocery.
For buyers seeking a residential income setup or a multi-generational configuration, the two-unit design provides the foundation to create a plan that fits your needs.
Key Highlights
- Two‑family duplex with spacious living areas in both units
- Built in 1920
- Property needs TLC and modern updates
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,667
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,173,340
$1.2M
Cap Rate 7%
$838,100
$838.1K
Cap Rate 9%
$651,856
$651.9K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$110.9K $46.20/SF
− Vacancy
−$4.2K −$1.76/SF
EGI
$106.7K $44.44/SF
− OpEx
−$48.0K −$20.00/SF
NOI
$58.7K $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%
$1,173,340
Cap Rate 7%
$838,100
Cap Rate 9%
$651,856
Alternative Uses
Best Use
Apartment 5plus
$838.1K
$733.3K – $977.8K
NOI $58,667 @ 7.0% cap · market cap 4.19%
Second Best
Multifamily LT 5
$567.5K
$496.6K – $662.1K
NOI $39,724 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,852 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,923
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
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex built in 1920 with spacious living areas and updates needed to unlock its full value.
Where is this duplex located?
The property is located at 3216 99th Street East Elmhurst, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Two‑family duplex with spacious living areas in both units; Built in 1920; Property needs TLC and modern updates
