Two-Family Home with Finished
For Sale
$1,599,000
Pending
37-46 83rd Street, Jackson Heights, NY 11372
Two residential units offer separate floor plans, with additional finished space and a private backyard.
Property Size2,200 SF
Days on Market9
Property Features for 37-46 83rd Street
General Information
Standard status
Pending
Size
2,200 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR/2BA, 1 x 4BR/2BA
Multifamily Units
2
Individually Metered Utilities
gas, electricity
Taxes and HOA fees
Annual Taxes
$8,369
Amenities
private backyard
Common,Finished,Full,Walk-Out Access
4
Yes
7
First Floor Bedroom,First Floor Full Bath,Eat-in Kitchen,Granite Counters,Open Floorplan,Open Kitchen
Common, Finished, Full, Walk-Out Access
Public
No
2200
Building Details
Building Size
2,200 SF
Year Built
1901
Buildings
1
Construction
brick
Listing Agency:
(516) 703-2918
Listed By:
Hassan Mahmood
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 3:43PM
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 Hassan Mahmood
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Investment Insights
Based on property information with market context.
This 2,200-square-foot duplex, built in 1901, is configured as a legal two-family home. The first-floor unit has three bedrooms, two full bathrooms, an eat-in kitchen, and hardwood floors. The upper unit includes four bedrooms, two full bathrooms, and an eat-in kitchen. A finished basement with a separate entrance adds further interior space, and the property has a private backyard.
The building has three heating systems, three hot water tanks, three gas meters, and three electric meters. It is located in Jackson Heights, with shopping, restaurants, schools, parks, and public transportation in the surrounding area.
The building has three heating systems, three hot water tanks, three gas meters, and three electric meters. It is located in Jackson Heights, with shopping, restaurants, schools, parks, and public transportation in the surrounding area.
Key Highlights
- Legal two‑family duplex with 2,200 square feet
- First‑floor unit: 3 bedrooms and 2 full bathrooms
- Upper unit: 4 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,778
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,075,560
$1.1M
Cap Rate 7%
$768,257
$768.3K
Cap Rate 9%
$597,533
$597.5K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$101.6K $46.20/SF
− Vacancy
−$3.9K −$1.76/SF
EGI
$97.8K $44.44/SF
− OpEx
−$44.0K −$20.00/SF
NOI
$53.8K $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%
$1,075,560
Cap Rate 7%
$768,257
Cap Rate 9%
$597,533
Alternative Uses
Best Use
Apartment 5plus
$768.3K
$672.2K – $896.3K
NOI $53,778 @ 7.0% cap · market cap 3.36%
Second Best
Multifamily LT 5
$520.2K
$455.2K – $606.9K
NOI $36,414 @ 7.0% cap · market cap 2.28%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,531 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,549
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer separate floor plans, with additional finished space and a private backyard.
Where is this duplex located?
The property is located at 37-46 83rd Street Jackson Heights, NY.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Legal two‑family duplex with 2,200 square feet; First‑floor unit: 3 bedrooms and 2 full bathrooms; Upper unit: 4 bedrooms and 2 full bathrooms
