3-Unit Triplex with Finished
50-08 101st Street, Queens, NY 11368
For Sale
$1,250,000
Built in 2005, the property has three two-bedroom apartments and a finished basement.
Property Size2,280 SF
Days on Market15
Property Features for 50-08 101st Street
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
finished basement
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Ashford Homes LLC
Listed By:
Kawing Chiu · License NY #10301208208
(347) 777-8888
Source:
Serhant
Added: Oct 27
Changed: Nov 9
Last Checked: Nov 8 at 12:57PM
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 Ashford Homes LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This triplex, completed in 2005, contains three apartments, each with two bedrooms and separate living, dining, and kitchen areas. A finished basement provides additional interior space. The property is being sold as-is and needs some work.
All three apartments are tenant-occupied, with paying tenants and no current leases. Tenants will need time to relocate. The property is in Corona, near public transportation, shopping, schools, and major thoroughfares.
All three apartments are tenant-occupied, with paying tenants and no current leases. Tenants will need time to relocate. The property is in Corona, near public transportation, shopping, schools, and major thoroughfares.
Key Highlights
- Three two‑bedroom apartments, each with separate living, dining, and kitchen areas
- Finished basement
- Built in 2005
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,341
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,126,820
$1.1M
Cap Rate 7%
$804,871
$804.9K
Cap Rate 9%
$626,011
$626.0K
Market Conditions
NOI Build-Up for 2,280 SF
Gross rent
$87.6K $38.40/SF
− Vacancy
−$7.1K −$3.10/SF
EGI
$80.5K $35.30/SF
− OpEx
−$24.1K −$10.59/SF
NOI
$56.3K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,126,820
Cap Rate 7%
$804,871
Cap Rate 9%
$626,011
Alternative Uses
Best Use
Multifamily LT 5
$804.9K
$704.3K – $939.0K
NOI $56,341 @ 7.0% cap · market cap 4.51%
Second Best
Apartment 5plus
$796.2K
$696.7K – $928.9K
NOI $55,733 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,659 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,548
Businesses Nearby
Explore this area
Business Placement
Demographics for 11368, NY
117,110
Population
31,165
Households
3.8
Avg Household Size
34
Median Age
14%
College-Educated
65%
High-School Grad
2.6 sq mi
ZIP Area
45,042
Density / Sq Mi
$71,798
Median Household Income
$33,742
Median Earnings
$1,925
Median Rent
$751,700
Median Home Value
Market
Average Price Trend$/SF for Triplexes in Queens, NY
Properties on Market for Triplexes in Queens
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Built in 2005, the property has three two-bedroom apartments and a finished basement.
Where is this triplex located?
The property is located at 50-08 101st Street Queens, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Three two‑bedroom apartments, each with separate living, dining, and kitchen areas; Finished basement; Built in 2005
