Four-Level Duplex with Finished
For Sale
$1,199,000
Pending
41-30 Warren Street, Elmhurst, NY 11373
Four levels provide two-bedroom living areas, a renovated bathroom, finished attic, and separate-entry basement.
Property Size1,775 SF
Lot Size0.06 Acres
Days on Market99
Property Features for 41-30 Warren Street
General Information
Standard status
Pending
Size
1,775 SF
Lot size
0.06 Acres
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$8,133
Building Details
Building Size
1,775 SF
Year Built
1920
Listing Agency:
E Realty International Corp
Listed By:
Bingqing Yan · License #10401296896
(917) 915-0566
Source:
Barbieliteam
Added: Jun 13
Changed: Sep 6
Last Checked: Sep 18 at 11:16AM
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 E Realty International Corp
Investment Insights
Based on property information with market context.
This duplex, built in 1920, offers four levels of usable space across a two-bedroom second-floor residence and a first-floor layout with two bedrooms, a living room, and an open-concept kitchen. The second floor also includes a living room and a newly renovated bathroom. Above, the finished attic provides flexible additional space, while the finished basement has its own separate entrance. Southeast exposure brings natural light into the property.
The lot measures 20.2 x 135.82 ft, providing a deep footprint. The property is a 5-minute walk from the 7 train, connecting the residence with transportation access in Elmhurst, NY. Its configuration includes distinct living areas, finished auxiliary spaces, and separate basement access for practical residential use.
The lot measures 20.2 x 135.82 ft, providing a deep footprint. The property is a 5-minute walk from the 7 train, connecting the residence with transportation access in Elmhurst, NY. Its configuration includes distinct living areas, finished auxiliary spaces, and separate basement access for practical residential use.
Key Highlights
- Duplex with four levels of usable space
- 20.2 x 135.82 ft lot with a deep footprint
- 5‑minute walk to the 7 train
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
$43,389
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
3.62%
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%
$867,780
$867.8K
Cap Rate 7%
$619,843
$619.8K
Cap Rate 9%
$482,100
$482.1K
Market Conditions
NOI Build-Up for 1,775 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
$82.0K $46.20/SF
− Vacancy
−$3.1K −$1.76/SF
EGI
$78.9K $44.44/SF
− OpEx
−$35.5K −$20.00/SF
NOI
$43.4K $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%
$867,780
Cap Rate 7%
$619,843
Cap Rate 9%
$482,100
Alternative Uses
Best Use
Apartment 5plus
$619.8K
$542.4K – $723.2K
NOI $43,389 @ 7.0% cap · market cap 3.62%
Second Best
Multifamily LT 5
$419.7K
$367.2K – $489.7K
NOI $29,379 @ 7.0% cap · market cap 2.45%
Theoretical Best
Office A
$1.31M
$1.14M – $1.53M
NOI $91,599 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,820
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
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Cap Rate, Value Estimation, Potential NOI and more
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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?
Duplex - Four levels provide two-bedroom living areas, a renovated bathroom, finished attic, and separate-entry basement.
Where is this duplex located?
The property is located at 41-30 Warren 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: Duplex with four levels of usable space; 20.2 x 135.82 ft lot with a deep footprint; 5‑minute walk to the 7 train
