Three-Unit Tudor Revival
New
For Sale
$2,000,000
3730 76th Street, Jackson Heights, NY 11372
Three residences offer varied layouts, private outdoor space, driveway parking, and separate electric meters.
Property Size3,284 SF
Days on Market5
Property Features for 3730 76th Street
General Information
Standard status
Active
Size
3,284 SF
Property subtype
Triplex
Additional Details
Public Transit
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$12,842
Building Details
Building Size
3,284 SF
Year Built
1930
Construction
Tudor Revival
Listing Agency:
EXP Realty
Listed By:
Raymond Trinkle III
(888) 276-0630
Source:
Serhant
Added: Oct 1
Changed: Oct 5
Last Checked: Oct 4 at 4:08PM
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 EXP Realty
Investment Insights
Based on property information with market context.
This Tudor Revival property contains three residences with distinct layouts. The first has two bedrooms, a full bath, dining room, kitchen, and family room with a wood-burning fireplace. The second includes two bedrooms, two baths, a kitchen, and a family room. The largest residence occupies the upper two floors, with three bedrooms, three bonus rooms, an eat-in kitchen, and a family room opening onto a rooftop terrace. The property also has a backyard, private driveway, 1.5-car garage, and carport; the garage roof is brand new. Three separate electric meters serve the building, which was built in 1930.
The property is approximately 0.25 miles from the Jackson Heights-Roosevelt Ave/74th St transit hub. Restaurants, shopping, grocery stores, parks, and public transportation are within approximately one mile.
The property is approximately 0.25 miles from the Jackson Heights-Roosevelt Ave/74th St transit hub. Restaurants, shopping, grocery stores, parks, and public transportation are within approximately one mile.
Key Highlights
- Three residences in a Tudor Revival building constructed in 1930
- Unit layouts include two 2‑bedroom residences and one 3‑bedroom residence
- Largest unit spans the top two floors and includes three bonus rooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$80,275
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,605,500
$1.6M
Cap Rate 7%
$1,146,786
$1.1M
Cap Rate 9%
$891,944
$891.9K
Market Conditions
NOI Build-Up for 3,284 SF
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.
Gross rent
$151.7K $46.20/SF
− Vacancy
−$5.8K −$1.76/SF
EGI
$146.0K $44.44/SF
− OpEx
−$65.7K −$20.00/SF
NOI
$80.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,605,500
Cap Rate 7%
$1,146,786
Cap Rate 9%
$891,944
Alternative Uses
Best Use
Apartment 5plus
$1.15M
$1.00M – $1.34M
NOI $80,275 @ 7.0% cap · market cap 4.01%
Second Best
Multifamily LT 5
$776.5K
$679.4K – $905.9K
NOI $54,355 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$2.42M
$2.12M – $2.82M
NOI $169,470 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
8,094
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three residences offer varied layouts, private outdoor space, driveway parking, and separate electric meters.
Where is this triplex located?
The property is located at 3730 76th Street Jackson Heights, NY.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Three residences in a Tudor Revival building constructed in 1930; Unit layouts include two 2‑bedroom residences and one 3‑bedroom residence; Largest unit spans the top two floors and includes three bonus rooms
