Elmhurst Two-Family Home with
For Sale
$1,150,000
41-41 Denman St, Queens, NY 11373
Two-family home in Elmhurst with finished basement and large yard.
Property Size1,600 SF
Lot Size0.06 Acres
Days on Market313
Property Features for 41-41 Denman St
General Information
Standard status
Active
Size
1,600 SF
Lot size
0.06 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$6,958
Building Details
Building Size
1,600 SF
Year Built
1920
Units
2
Listing Agency:
Jamie Realty Group
Listed By:
Xiao Zheng · License #10491212408
(718) 886-0668
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 6
Last Checked: Oct 5 at 7:02PM
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 Jamie Realty Group
Investment Insights
Based on property information with market context.
This detached two-family home is located in Elmhurst and features R5 zoning on a 25x100 lot. The first-floor unit includes 3 bedrooms, 1 full bathroom, a living/dining room, and a kitchen. The second-floor unit offers 2 bedrooms, 1 full bathroom, a living/dining room, and a kitchen. A full finished basement provides additional versatile space and includes 1 full bathroom. The backyard offers a generously sized space suitable for various outdoor activities. The property is conveniently located near shops, restaurants, parks, and schools. Public transportation is easily accessible with proximity to the Q29 bus and the 90th St-Elmhurst Ave 7 train station. This property presents a significant investment opportunity.
Key Highlights
- Detached 2‑family home in Elmhurst
- R5 zoning on a 25x100 lot
- Two separate units: one with 3 bedrooms, one with 2 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,111
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$782,220
$782.2K
Cap Rate 7%
$558,729
$558.7K
Cap Rate 9%
$434,567
$434.6K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$73.9K $46.20/SF
− Vacancy
−$2.8K −$1.76/SF
EGI
$71.1K $44.44/SF
− OpEx
−$32.0K −$20.00/SF
NOI
$39.1K $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%
$782,220
Cap Rate 7%
$558,729
Cap Rate 9%
$434,567
Alternative Uses
Best Use
Apartment 5plus
$558.7K
$488.9K – $651.9K
NOI $39,111 @ 7.0% cap · market cap 3.40%
Second Best
Multifamily LT 5
$378.3K
$331.0K – $441.4K
NOI $26,483 @ 7.0% cap · market cap 2.30%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,568 @ 7.0% cap · market cap 7.18%
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
4,060
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family home in Elmhurst with finished basement and large yard.
Where is this duplex located?
The property is located at 41-41 Denman St Queens, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Detached 2‑family home in Elmhurst; R5 zoning on a 25x100 lot; Two separate units: one with 3 bedrooms, one with 2 bedrooms
