Two-Family with Retail/Office
41-24 76th Street Elmhurst, NY 11373
41-24 76th Street, Elmhurst, NY, 11373
$2,800,000
For Sale
$2,800,000
MULTI_FAMILY - Other - Elmhurst, NY
Property Size3,800 SF
Lot Size0.14 Acres
Price / SF$736.84
Days on Market309
Property Features for 41-24 76th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Laundry Room
- Parking features
- Driveway
- Interior features
- Entrance Foyer
- Standard status
- Active
- APN
- 01495-0044 & 01495-0046
- Size
- 3,800 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
Utilities
- Heating system
- Natural Gas, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1905
- Floors in Building
- 3
- Flooring type
- Hardwood
- Architectural style
- Other
- Additional Structures
- Outbuilding
Listing Agency
HANMI REALTY
(718) 961-8801
37 17 UNION ST, FLUSHING, NY
Listed by
Mi Ryoung Chong
(718) 961-8801
Added: Sep 12, 2025 Checked: Jul 17 at 12:06 am
MLS# 11573798
Listing URL
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 41-24 76th Street in Elmhurst, this primarily 2-family property includes a total of three units. The configuration features a full finished basement with a kitchen and bathroom, described as versatile for mixed-use community space, and a ground-floor third commercial unit suited for uses such as community space, non-profit, medical, office, or retail (please consult with an architect and attorney). The building class is listed as S2, and the property is sold as-is.
The sale also includes an adjacent 2,000-square-foot parking lot at 41-28 76th Street. The parcel lots are identified as #01495-0044 and #01495-0046. Outdoor improvements include a backyard two-story three-car garage that has been converted into additional storage, with a second-floor room that can be used as an office. The property lists 11 reserved parking spots plus a storage shed, and it is delivered vacant at closing.
Zoning is R5, with a religious property tax exemption noted. Maximum facility FAR is described as up to 8,000 square feet for the subject property and up to 4,000 square feet for the adjacent parking lot.
The sale also includes an adjacent 2,000-square-foot parking lot at 41-28 76th Street. The parcel lots are identified as #01495-0044 and #01495-0046. Outdoor improvements include a backyard two-story three-car garage that has been converted into additional storage, with a second-floor room that can be used as an office. The property lists 11 reserved parking spots plus a storage shed, and it is delivered vacant at closing.
Zoning is R5, with a religious property tax exemption noted. Maximum facility FAR is described as up to 8,000 square feet for the subject property and up to 4,000 square feet for the adjacent parking lot.
Key Highlights
- Mixed‑use building with 3 units around 3,800 SF, plus finished basement with kitchen and bathroom for added flexibility
- Zoned R5; religious property tax exemption noted; sold as‑is and delivered vacant at closing (please do not disturb occupants)
- 4,000 SF lot included, plus adjacent 2,000 SF parking lot at 41‑28 76th St included in the sale
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $175.6k | $46.20 |
| − Vacancy | −$6.7k | −$1.76 |
| EGI | $168.9k | $44.44 |
| − OpEx | −$76.0k | −$20.00 |
| NOI | $92.9k | $24.44 |
3,800 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.33M
$1.16M – $1.55M
NOI $92,889 @ 7.0% cap · market cap 3.32%
Second Best
Retail
$969.0K
$847.9K – $1.13M
NOI $67,830 @ 7.0% cap · market cap 2.42%
Theoretical Best
Office A
$2.80M
$2.45M – $3.27M
NOI $196,098 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Mixed-use three-unit building with finished basement and a ground-floor commercial unit, delivered vacant at closing.
Where is this duplex located?
The property is located at 41-24 76th Street Elmhurst, NY.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Mixed‑use building with 3 units around 3,800 SF, plus finished basement with kitchen and bathroom for added flexibility; Zoned R5; religious property tax exemption noted; sold as‑is and delivered vacant at closing (please do not disturb occupants); 4,000 SF lot included, plus adjacent 2,000 SF parking lot at 41‑28 76th St included in the sale
