Three-Family Home with
New
For Sale
$1,199,000
Pending
40-26 Benham Street, Elmhurst, NY 11373
The residence includes five bedrooms and three full bathrooms across its three-family configuration.
Property Size2,664 SF
Days on Market2
Property Features for 40-26 Benham Street
General Information
Standard status
Pending
Size
2,664 SF
Total Parking Spaces
1
Property subtype
Residential Income
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$12,309
Amenities
3
No
5
First Floor Bedroom,First Floor Full Bath
Other
Attached
2664
Building Details
Building Size
2,664 SF
Year Built
1942
Listing Agency:
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 31
Changed: Nov 1
Last Checked: Oct 31 at 2:38PM
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 Geralda Desir
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Configured for three households, this 2,664-square-foot residence contains 5 bedrooms and 3 full baths. First-floor bedrooms and full bathrooms are noted, and the property includes an attached one-car garage.
Built in 1942, the home is located at 40-26 Benham Street in Elmhurst, New York.
Built in 1942, the home is located at 40-26 Benham Street in Elmhurst, New York.
Key Highlights
- Three‑family residence with 5 bedrooms and 3 full baths
- 2,664 square feet
- Attached one‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,120
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,302,400
$1.3M
Cap Rate 7%
$930,286
$930.3K
Cap Rate 9%
$723,556
$723.6K
Market Conditions
NOI Build-Up for 2,664 SF
Gross rent
$123.1K $46.20/SF
− Vacancy
−$4.7K −$1.76/SF
EGI
$118.4K $44.44/SF
− OpEx
−$53.3K −$20.00/SF
NOI
$65.1K $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%
$1,302,400
Cap Rate 7%
$930,286
Cap Rate 9%
$723,556
Alternative Uses
Best Use
Apartment 5plus
$930.3K
$814.0K – $1.09M
NOI $65,120 @ 7.0% cap · market cap 5.43%
Second Best
Multifamily LT 5
$629.9K
$551.2K – $734.9K
NOI $44,093 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$1.96M
$1.72M – $2.29M
NOI $137,475 @ 7.0% cap · market cap 11.47%
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
3
Residential units
Location Intelligence
Trade Area within ½ mile
7,312
Businesses Nearby
Explore this area
Business Placement
Demographics for 11373, NY
105,712
Population
34,797
Households
3
Avg Household Size
38
Median Age
30%
College-Educated
75%
High-School Grad
1.5 sq mi
ZIP Area
70,475
Density / Sq Mi
$71,470
Median Household Income
$36,043
Median Earnings
$1,913
Median Rent
$683,200
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?
Triplex - The residence includes five bedrooms and three full bathrooms across its three-family configuration.
Where is this triplex located?
The property is located at 40-26 Benham Street Elmhurst, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Three‑family residence with 5 bedrooms and 3 full baths; 2,664 square feet; Attached one‑car garage
