Duplex with Detached
For Sale
$1,350,000
33-42 87 Street, Jackson Heights, NY 11372
Two-family brick duplex on a 30' x 100' lot with detached garage and backyard apple and cherry trees.
Lot Size0.07 Acres
Days on Market58
Property Features for 33-42 87 Street
General Information
Standard status
Active
Lot size
0.07 Acres
Property subtype
Duplex
Building Details
Building Size
2,100 SF
Year Built
1928
Construction
brick
Tenancy
Multi
Listing Agency:
Beaudoin Realty Group Inc
Listed By:
Daniel C. Karatzas CBR
Source:
Serhant
Added: Jun 4
Changed: Jul 30
Last Checked: Jul 30 at 9:41AM
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 Beaudoin Realty Group Inc
Investment Insights
Based on property information with market context.
This two-family brick duplex was built in 1928 and sits on a 30' x 100' lot. The property includes a detached garage, a backyard with apple and cherry trees, and a driveway. The first unit features a bright sunroom with windows on three sides, a spacious living room with a wood-burning fireplace, a bathroom/shower between the living room and kitchen, and additional small rooms connected to the kitchen and dining area. A rear door provides direct access to the backyard, garage, and driveway.
The second unit is accessed through a side door off the driveway and offers a large living room, three bedrooms, two full bathrooms, and a full kitchen and eating area.
While the home needs significant updating, major systems work has been completed, including plumbing and electrical, plus a new water heater. The outside sewer pipe has also been replaced. The property is centrally located near Jackson Heights Historic District, with Travers Park and Paseo Park along 34th Avenue, and offers subway and bus access with E, F, M, R, and 7 lines.
The second unit is accessed through a side door off the driveway and offers a large living room, three bedrooms, two full bathrooms, and a full kitchen and eating area.
While the home needs significant updating, major systems work has been completed, including plumbing and electrical, plus a new water heater. The outside sewer pipe has also been replaced. The property is centrally located near Jackson Heights Historic District, with Travers Park and Paseo Park along 34th Avenue, and offers subway and bus access with E, F, M, R, and 7 lines.
Key Highlights
- Two‑family brick duplex built in 1928
- 30' x 100' lot with detached garage and driveway
- First unit with sunroom (windows on three sides) and wood‑burning fireplace
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 | $97.0k | $46.20 |
| − Vacancy | −$3.7k | −$1.76 |
| EGI | $93.3k | $44.44 |
| − OpEx | −$42.0k | −$20.00 |
| NOI | $51.3k | $24.44 |
2,100 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$733.3K
$641.7K – $855.6K
NOI $51,333 @ 7.0% cap · market cap 3.80%
Second Best
Multifamily LT 5
$496.5K
$434.5K – $579.3K
NOI $34,758 @ 7.0% cap · market cap 2.57%
Theoretical Best
Office A
$1.55M
$1.35M – $1.81M
NOI $108,370 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,737
Businesses Nearby
Explore this area
Business Placement
Demographics for 11372, NY
68,000
Population
26,613
Households
2.6
Avg Household Size
41
Median Age
35%
College-Educated
81%
High-School Grad
0.7 sq mi
ZIP Area
97,143
Density / Sq Mi
$77,133
Median Household Income
$44,415
Median Earnings
$1,795
Median Rent
$454,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family brick duplex on a 30' x 100' lot with detached garage and backyard apple and cherry trees.
Where is this duplex located?
The property is located at 33-42 87 Street Jackson Heights, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Two‑family brick duplex built in 1928; 30' x 100' lot with detached garage and driveway; First unit with sunroom (windows on three sides) and wood‑burning fireplace
