Two-Family Duplex
3216 99th Street East Elmhurst, NY 11369
For Sale
$1,399,000
Two-unit duplex built in 1920 with spacious living areas and updates needed to unlock its full value.
Days on Market60
Property Features for 3216 99th Street
General Information
Standard status
Active
Property subtype
Duplex
Building Details
Year Built
1920
Listing Agency:
Exit Realty All City
(407) 475-5243
Listed By:
Jean H. Pamphile
Source:
Serhant
Added: Jun 1
Changed: Jul 30
Last Checked: Jul 30 at 3:48AM
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
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 For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $110.9k | $46.20 |
| − Vacancy | −$4.2k | −$1.76 |
| EGI | $106.7k | $44.44 |
| − OpEx | −$48.0k | −$20.00 |
| NOI | $58.7k | $24.44 |
2,400 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
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.
Property Analytics
Location Intelligence
Current Use
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
