Three-Story Brick
For Sale
$1,299,000
4235 81st Street, Elmhurst, NY 11373
Both units are scheduled for vacant delivery at closing.
Property Size1,539 SF
Days on Market9
Property Features for 4235 81st Street
General Information
Standard status
Active
Size
1,539 SF
Property subtype
Triplex
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,415
Amenities
attached garage
private driveway
Building Details
Building Size
1,539 SF
Year Built
1945
Buildings
1
Stories
3
Construction
brick
Listing Agency:
E Realty International Corp
Listed By:
Chuan Wang Chen
(347) 755-9735
Source:
Serhant
Added: Oct 8
Changed: Oct 11
Last Checked: Oct 15 at 4:27AM
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
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Investment Insights
Based on property information with market context.
This 1945 brick duplex contains two residences arranged across three stories. Each unit is described as having 1–2 bedrooms and one bathroom. The building measures 18 feet by 36 feet and includes an attached garage and private driveway. Walk-in-level access connects to both the front and rear yards.
The property is near subway stations, supermarkets, and restaurants. Both residences are to be delivered vacant at closing.
The property is near subway stations, supermarkets, and restaurants. Both residences are to be delivered vacant at closing.
Key Highlights
- Two‑family brick building with three stories
- Each residence has 1–2 bedrooms and one bathroom
- 18' x 36' building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,620
Cap Rate
2.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$752,400
$752.4K
Cap Rate 7%
$537,429
$537.4K
Cap Rate 9%
$418,000
$418.0K
Market Conditions
NOI Build-Up for 1,539 SF
Gross rent
$71.1K $46.20/SF
− Vacancy
−$2.7K −$1.76/SF
EGI
$68.4K $44.44/SF
− OpEx
−$30.8K −$20.00/SF
NOI
$37.6K $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%
$752,400
Cap Rate 7%
$537,429
Cap Rate 9%
$418,000
Alternative Uses
Best Use
Apartment 5plus
$537.4K
$470.3K – $627.0K
NOI $37,620 @ 7.0% cap · market cap 2.90%
Second Best
Multifamily LT 5
$363.9K
$318.4K – $424.6K
NOI $25,473 @ 7.0% cap · market cap 1.96%
Theoretical Best
Office A
$1.13M
$992.8K – $1.32M
NOI $79,420 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
8,587
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
Frequently Asked Questions
What type of property is this?
Duplex - Both units are scheduled for vacant delivery at closing.
Where is this duplex located?
The property is located at 4235 81st Street Elmhurst, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Two‑family brick building with three stories; Each residence has 1–2 bedrooms and one bathroom; 18' x 36' building
