Semi-Detached Three-Family
For Sale
$2,280,000
6942 43rd Avenue, Woodside, NY 11377
Semi-detached three-family home with a private driveway and garage, set up for multi-unit living and rental flexibility.
Property Size3,570 SF
Lot Size0.06 Acres
Days on Market148
Property Features for 6942 43rd Avenue
General Information
Standard status
Active
Size
3,570 SF
Lot size
0.06 Acres
Property subtype
Triplex
Taxes and HOA fees
Annual Taxes
$17,384
Building Details
Building Size
3,570 SF
Year Built
1997
Buildings
1
Stories
4
Tenancy
Multi
Listing Agency:
E Realty International Corp
Listed By:
Xiawei Tang · License #10401286597
(718) 886-8110
Source:
Barbieliteam
Added: Apr 20
Changed: Sep 13
Last Checked: Sep 13 at 1:20PM
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 E Realty International Corp
Investment Insights
Based on property information with market context.
Semi-detached three-family residence at 6942 43rd Avenue in Woodside, NY, offering four levels of above-ground living space. The property includes a private driveway, garage, and multiple parking spaces, supporting convenient day-to-day access for residents. The lot measures 25' x 112', with a building size of 17' x 70'.
Transportation is a key feature: the home is within walking distance to the Roosevelt Avenue transportation hub, providing access to the 7, E, M, R, and F subway lines. That connectivity supports trips to Manhattan, Flushing, and other major areas of Queens.
Designed for a range of occupancy strategies, this three-family setup can work for investors seeking rental income or for owner-occupants looking to offset living costs with additional units.
Transportation is a key feature: the home is within walking distance to the Roosevelt Avenue transportation hub, providing access to the 7, E, M, R, and F subway lines. That connectivity supports trips to Manhattan, Flushing, and other major areas of Queens.
Designed for a range of occupancy strategies, this three-family setup can work for investors seeking rental income or for owner-occupants looking to offset living costs with additional units.
Key Highlights
- Semi‑detached three‑family residence with four levels of above‑ground living space
- Private driveway, garage, and multiple parking spaces
- Lot size: 25' x 112'
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$87,267
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,745,340
$1.7M
Cap Rate 7%
$1,246,671
$1.2M
Cap Rate 9%
$969,633
$969.6K
Market Conditions
NOI Build-Up for 3,570 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$164.9K $46.20/SF
− Vacancy
−$6.3K −$1.76/SF
EGI
$158.7K $44.44/SF
− OpEx
−$71.4K −$20.00/SF
NOI
$87.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,745,340
Cap Rate 7%
$1,246,671
Cap Rate 9%
$969,633
Alternative Uses
Best Use
Apartment 5plus
$1.25M
$1.09M – $1.45M
NOI $87,267 @ 7.0% cap · market cap 3.83%
Second Best
Multifamily LT 5
$844.1K
$738.6K – $984.8K
NOI $59,089 @ 7.0% cap · market cap 2.59%
Theoretical Best
Office A
$2.63M
$2.30M – $3.07M
NOI $184,229 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6,056
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
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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?
Triplex - Semi-detached three-family home with a private driveway and garage, set up for multi-unit living and rental flexibility.
Where is this triplex located?
The property is located at 6942 43rd Avenue Woodside, NY.
What is the asking price?
The asking price for this property is $2,280,000.
What are key features of this property?
This property features: Semi‑detached three‑family residence with four levels of above‑ground living space; Private driveway, garage, and multiple parking spaces; Lot size: 25' x 112'
