Elmhurst Two-Family Brick Corner
For Sale
$1,458,000
Pending
4607 79th St, Queens, NY 11373
Two-family brick house in Elmhurst, Queens, with investment potential.
Property Size1,776 SF
Lot Size0.07 Acres
Days on Market314
Property Features for 4607 79th St
General Information
Standard status
Pending
Size
1,776 SF
Lot size
0.07 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$8,263
Building Details
Building Size
1,776 SF
Year Built
1930
Units
2
Listed By:
Huei Hwa Lin CBR
(347) 360-5843
Source:
Elliman
Added: Nov 28, 2025
Changed: Sep 28
Last Checked: Oct 7 at 2:00PM
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 Huei Hwa Lin CBR
Investment Insights
Based on property information with market context.
This two-family brick corner house is situated in a desirable area of Elmhurst, Queens. The property features separate entrances for the first-floor unit, second-floor unit, and basement. It offers investment opportunities with potential for both income and appreciation. The location provides convenient access to Elmhurst Hospital, supermarkets, shops, and various business activities. Public transportation is readily accessible, with proximity to the Elmhurst Ave/Jackson Hts-Roosevelt Ave subway stations serving the E, F, M, R, and 7 lines. Additionally, the property offers easy access to I278, I495, and the Grand Central Parkway. Parking includes a one-car detached garage.
Key Highlights
- Prime location in the most desirable part of Elmhurst, Queens.
- Multi‑family brick corner house offering income and appreciation potential.
- Convenient access to E/F/M/R and 7 subway lines (Elmhurst Ave/Jackson Hts‑Roosevelt Ave).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,413
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$868,260
$868.3K
Cap Rate 7%
$620,186
$620.2K
Cap Rate 9%
$482,367
$482.4K
Market Conditions
NOI Build-Up for 1,776 SF
Gross rent
$82.1K $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 Rate 5%
$868,260
Cap Rate 7%
$620,186
Cap Rate 9%
$482,367
Alternative Uses
Best Use
Apartment 5plus
$620.2K
$542.7K – $723.6K
NOI $43,413 @ 7.0% cap · market cap 2.98%
Second Best
Multifamily LT 5
$419.9K
$367.5K – $489.9K
NOI $29,396 @ 7.0% cap · market cap 2.02%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,650 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family brick house in Elmhurst, Queens, with investment potential.
Where is this duplex located?
The property is located at 4607 79th St Queens, NY.
What is the asking price?
The asking price for this property is $1,458,000.
What are key features of this property?
This property features: Prime location in the most desirable part of Elmhurst, Queens.; Multi‑family brick corner house offering income and appreciation potential.; Convenient access to E/F/M/R and 7 subway lines (Elmhurst Ave/Jackson Hts‑Roosevelt Ave).
