Two-Family
For Sale
$1,495,000
Pending
4040 Case Street, Elmhurst, NY 11373
The property is near the 90 St station on the 7 train and area shops.
Property Size3,058 SF
Days on Market9
Property Features for 4040 Case Street
General Information
Standard status
Pending
Size
3,058 SF
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$15,687
Amenities
Finished
4
No
Yes
6
Eat-in Kitchen,Formal Dining
Public
Attached
3058
Building Details
Building Size
3,058 SF
Year Built
1968
Listing Agency:
Winzone Realty Inc
(516) 703-2918
Listed By:
Donna Francavilla
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 3:42PM
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 Winzone Realty Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-family duplex was built in 1968 and is being offered in as-is condition. Its residential configuration provides two family units.
The property is near the 90 St station on the 7 train, with shops also nearby.
The property is near the 90 St station on the 7 train, with shops also nearby.
Key Highlights
- Two‑family residential property
- Built in 1968
- Located near the 90 St station on the 7 train
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,751
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,495,020
$1.5M
Cap Rate 7%
$1,067,871
$1.1M
Cap Rate 9%
$830,567
$830.6K
Market Conditions
NOI Build-Up for 3,058 SF
Gross rent
$141.3K $46.20/SF
− Vacancy
−$5.4K −$1.76/SF
EGI
$135.9K $44.44/SF
− OpEx
−$61.2K −$20.00/SF
NOI
$74.8K $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%
$1,495,020
Cap Rate 7%
$1,067,871
Cap Rate 9%
$830,567
Alternative Uses
Best Use
Apartment 5plus
$1.07M
$934.4K – $1.25M
NOI $74,751 @ 7.0% cap · market cap 5.00%
Second Best
Multifamily LT 5
$723.1K
$632.7K – $843.6K
NOI $50,615 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$2.25M
$1.97M – $2.63M
NOI $157,807 @ 7.0% cap · market cap 10.56%
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
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The property is near the 90 St station on the 7 train and area shops.
Where is this duplex located?
The property is located at 4040 Case Street Elmhurst, NY.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Two‑family residential property; Built in 1968; Located near the 90 St station on the 7 train
