Three-Unit Triplex
For Sale
$2,500,000
60-07 43rd Avenue, Queens, NY 11377
Three rentable residences with basement, first-floor, and second-floor living areas plus a small backyard.
Property Size3,620 SF
Price / SF$690.61
Days on Market52
Property Features for 60-07 43rd Avenue
General Information
Standard status
Active
Size
3,620 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$7,370
Building Details
Building Size
3,620 SF
Year Built
1931
Listing Agency:
Nest Seekers LLC
Listed By:
Andrew Jhun
(201) 978-8102
Source:
Miradorrealestate
Added: Sep 1
Changed: Oct 21
Last Checked: Oct 21 at 2:56AM
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 Nest Seekers LLC
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Investment Insights
Based on property information with market context.
Built in 1931, this 3,620-square-foot triplex is configured as three rentable residences across the basement, first floor, and second floor. The property was formerly used as a medical office on the first floor and has since been converted to residential units. Improvements include work to the basement, roof, plumbing, and parking lot, along with a small backyard.
The property is situated in a residential area with stores along 43rd Avenue and access to public transportation. Its three-level residential configuration and existing site improvements provide a defined layout for continued multifamily use.
The property is situated in a residential area with stores along 43rd Avenue and access to public transportation. Its three-level residential configuration and existing site improvements provide a defined layout for continued multifamily use.
Key Highlights
- Three rentable residences spanning the basement, first floor, and second floor
- 3,620 SF triplex built in 1931
- Small backyard included with the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,489
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,769,780
$1.8M
Cap Rate 7%
$1,264,129
$1.3M
Cap Rate 9%
$983,211
$983.2K
Market Conditions
NOI Build-Up for 3,620 SF
Gross rent
$167.2K $46.20/SF
− Vacancy
−$6.4K −$1.76/SF
EGI
$160.9K $44.44/SF
− OpEx
−$72.4K −$20.00/SF
NOI
$88.5K $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%
$1,769,780
Cap Rate 7%
$1,264,129
Cap Rate 9%
$983,211
Alternative Uses
Best Use
Apartment 5plus
$1.26M
$1.11M – $1.47M
NOI $88,489 @ 7.0% cap · market cap 3.54%
Second Best
Multifamily LT 5
$856.0K
$749.0K – $998.6K
NOI $59,917 @ 7.0% cap · market cap 2.40%
Theoretical Best
Office A
$2.67M
$2.34M – $3.11M
NOI $186,809 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
5,987
Businesses Nearby
Explore this area
Business Placement
Demographics for 11377, NY
91,512
Population
34,928
Households
2.6
Avg Household Size
39
Median Age
33%
College-Educated
82%
High-School Grad
2.5 sq mi
ZIP Area
36,605
Density / Sq Mi
$73,292
Median Household Income
$45,978
Median Earnings
$1,802
Median Rent
$670,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three rentable residences with basement, first-floor, and second-floor living areas plus a small backyard.
Where is this triplex located?
The property is located at 60-07 43rd Avenue Queens, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Three rentable residences spanning the basement, first floor, and second floor; 3,620 SF triplex built in 1931; Small backyard included with the property
