Triplex Property with Private
For Sale
$1,380,000
69-12 31st Avenue, Woodside, NY 11377
Residential income property with multiple apartments, an accessory unit, balcony space, and a private backyard.
Property Size2,700 SF
Days on Market50
Property Features for 69-12 31st Avenue
General Information
Standard status
Active
Size
2,700 SF
Property subtype
Triplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$12,089
Amenities
private backyard
balcony
Building Details
Building Size
2,700 SF
Year Built
1960
Buildings
1
Tenancy
Multi
Listing Agency:
Trademarko Realty Inc
Listed By:
Peter Nowik · License #10401329596
(347) 927-6829
Source:
Serhant
Added: Sep 10
Changed: Oct 29
Last Checked: Oct 28 at 4:08PM
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 Trademarko Realty Inc
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Investment Insights
Based on property information with market context.
Built in 1960, this triplex property includes two two-bedroom, one-bath apartments and a walk-in accessory unit with its own full bath. The second floor is vacant and features a balcony and hardwood floors, while the property also includes a private backyard. Existing tenants occupy other portions of the building.
The property is located at 69-12 31st Avenue in Woodside, near the Jackson Heights border. Transit access includes the 7 train, LIRR, Q47, and Q49 bus routes, with the BQE two blocks away. The 55th Street and Broadway E, F, M, and R station is 0.6 miles away. Northern Boulevard and Roosevelt Avenue provide access to restaurants, markets, and retail.
The property is located at 69-12 31st Avenue in Woodside, near the Jackson Heights border. Transit access includes the 7 train, LIRR, Q47, and Q49 bus routes, with the BQE two blocks away. The 55th Street and Broadway E, F, M, and R station is 0.6 miles away. Northern Boulevard and Roosevelt Avenue provide access to restaurants, markets, and retail.
Key Highlights
- Triplex configuration with two two‑bedroom, one‑bath apartments
- Walk‑in accessory unit with a full bath
- Vacant second floor with balcony and hardwood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,000
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,320,000
$1.3M
Cap Rate 7%
$942,857
$942.9K
Cap Rate 9%
$733,333
$733.3K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$124.7K $46.20/SF
− Vacancy
−$4.7K −$1.76/SF
EGI
$120.0K $44.44/SF
− OpEx
−$54.0K −$20.00/SF
NOI
$66.0K $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%
$1,320,000
Cap Rate 7%
$942,857
Cap Rate 9%
$733,333
Alternative Uses
Best Use
Apartment 5plus
$942.9K
$825.0K – $1.10M
NOI $66,000 @ 7.0% cap · market cap 4.78%
Second Best
Multifamily LT 5
$638.4K
$558.6K – $744.8K
NOI $44,689 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,333 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,437
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Residential income property with multiple apartments, an accessory unit, balcony space, and a private backyard.
Where is this triplex located?
The property is located at 69-12 31st Avenue Woodside, NY.
What is the asking price?
The asking price for this property is $1,380,000.
What are key features of this property?
This property features: Triplex configuration with two two‑bedroom, one‑bath apartments; Walk‑in accessory unit with a full bath; Vacant second floor with balcony and hardwood floors
