Triplex with Working
For Sale
$1,399,000
Pending
3528 93rd Street, Jackson Heights, NY 11372
Three occupied apartments are leased month-to-month, with a detached garage and shared driveway.
Property Size1,954 SF
Days on Market9
Property Features for 3528 93rd Street
General Information
Standard status
Pending
Size
1,954 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$8,474
Amenities
Finished
Hardwood
3
Yes
6
Other
Fenced
Public
2
No
Garage, Private, Shared Driveway
1954
Building Details
Building Size
1,954 SF
Year Built
1920
Listing Agency:
(516) 703-2918
Listed By:
Matthew Dubinsky
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 4:40PM
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 Matthew Dubinsky
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Investment Insights
Based on property information with market context.
This three-family property has three above-grade levels, with one apartment on each floor. The layout includes six bedrooms, three bathrooms, a finished basement, and a working elevator at the front of the building. A detached two-car garage and shared driveway provide additional site features. The apartments are occupied, and each tenant has a month-to-month lease.
The property is in Jackson Heights, one block from 37th Avenue and three blocks from Junction Boulevard and Northern Boulevard. The 90 St–Elmhurst Av station on the 7 line is five blocks away, and Food Bazaar is four blocks away. Northern Boulevard connects to Grand Central Parkway, I-278, and I-678. Flushing Meadows Corona Park is also nearby.
The property is in Jackson Heights, one block from 37th Avenue and three blocks from Junction Boulevard and Northern Boulevard. The 90 St–Elmhurst Av station on the 7 line is five blocks away, and Food Bazaar is four blocks away. Northern Boulevard connects to Grand Central Parkway, I-278, and I-678. Flushing Meadows Corona Park is also nearby.
Key Highlights
- Three‑family property with six bedrooms and three bathrooms
- Working elevator at the front of the building
- Finished basement and three above‑grade levels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,764
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$955,280
$955.3K
Cap Rate 7%
$682,343
$682.3K
Cap Rate 9%
$530,711
$530.7K
Market Conditions
NOI Build-Up for 1,954 SF
Gross rent
$90.3K $46.20/SF
− Vacancy
−$3.4K −$1.76/SF
EGI
$86.8K $44.44/SF
− OpEx
−$39.1K −$20.00/SF
NOI
$47.8K $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%
$955,280
Cap Rate 7%
$682,343
Cap Rate 9%
$530,711
Alternative Uses
Best Use
Apartment 5plus
$682.3K
$597.1K – $796.1K
NOI $47,764 @ 7.0% cap · market cap 3.41%
Second Best
Multifamily LT 5
$462.0K
$404.3K – $539.0K
NOI $32,342 @ 7.0% cap · market cap 2.31%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,836 @ 7.0% cap · market cap 7.21%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
7,205
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three occupied apartments are leased month-to-month, with a detached garage and shared driveway.
Where is this triplex located?
The property is located at 3528 93rd Street Jackson Heights, 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: Three‑family property with six bedrooms and three bathrooms; Working elevator at the front of the building; Finished basement and three above‑grade levels
