Two-Family Home with Attached
For Sale
$1,348,000
45-03 74th Street, Elmhurst, NY 11373
Three-level layout includes four bedrooms, two full baths, a half bath, and a driveway.
Property Size2,176 SF
Price / SF$619.49
Days on Market9
Property Features for 45-03 74th Street
General Information
Standard status
Active
Size
2,176 SF
Property subtype
Residential Income
Property Condition
Severity
Repairs Needed
Evidence
tender, love and care (TLC)
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,162
Amenities
attached garage
driveway
3
No
4
First Floor Bedroom,First Floor Full Bath
Public
2
Attached, Driveway, Garage
Balcony
2176
Building Details
Building Size
2,176 SF
Year Built
1965
Buildings
1
Stories
3
Listing Agency:
(516) 703-2918
Listed By:
Aman Deep Sabharwal
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 3:07PM
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 Aman Deep Sabharwal
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Investment Insights
Based on property information with market context.
This two-family residence offers three levels across approximately 2,176 square feet, with a reported 18-by-44-foot footprint on each floor. The home has four bedrooms, two full bathrooms, and one half bath. An attached garage, driveway, and balcony are also part of the property. Built in 1965, the house is described as needing care and attention.
The property is in Elmhurst, Queens, six blocks from Broadway and Roosevelt Avenue. Shops, malls, restaurants, bus service, and subway access are in the surrounding area.
The property is in Elmhurst, Queens, six blocks from Broadway and Roosevelt Avenue. Shops, malls, restaurants, bus service, and subway access are in the surrounding area.
Key Highlights
- Two‑family residence with four bedrooms, two full baths, and one half bath
- Three‑story home with approximately 2,176 square feet
- Reported 18‑by‑44‑foot footprint on each of three floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,191
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,063,820
$1.1M
Cap Rate 7%
$759,871
$759.9K
Cap Rate 9%
$591,011
$591.0K
Market Conditions
NOI Build-Up for 2,176 SF
Gross rent
$100.5K $46.20/SF
− Vacancy
−$3.8K −$1.76/SF
EGI
$96.7K $44.44/SF
− OpEx
−$43.5K −$20.00/SF
NOI
$53.2K $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%
$1,063,820
Cap Rate 7%
$759,871
Cap Rate 9%
$591,011
Alternative Uses
Best Use
Apartment 5plus
$759.9K
$664.9K – $886.5K
NOI $53,191 @ 7.0% cap · market cap 3.95%
Second Best
Multifamily LT 5
$514.5K
$450.2K – $600.3K
NOI $36,016 @ 7.0% cap · market cap 2.67%
Theoretical Best
Office A
$1.60M
$1.40M – $1.87M
NOI $112,292 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,747
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Three-level layout includes four bedrooms, two full baths, a half bath, and a driveway.
Where is this duplex located?
The property is located at 45-03 74th Street Elmhurst, NY.
What is the asking price?
The asking price for this property is $1,348,000.
What are key features of this property?
This property features: Two‑family residence with four bedrooms, two full baths, and one half bath; Three‑story home with approximately 2,176 square feet; Reported 18‑by‑44‑foot footprint on each of three floors
