Three-Unit Triplex
For Sale
$2,080,000
76-30 Grand Central Parkway, Forest Hills, NY 11375
Income-producing residential asset with access to express subway, train, and major bus routes.
Property Size3,040 SF
Days on Market53
Property Features for 76-30 Grand Central Parkway
General Information
Standard status
Active
Size
3,040 SF
Property subtype
Triplex
Additional Details
Public Transit
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$16,981
Building Details
Building Size
3,040 SF
Year Built
1990
Listing Agency:
Winzone Realty Inc
Listed By:
Xiao Feng Pan CBR · License #31PA0929296
(718) 899-7000
Source:
Barbieliteam
Added: Aug 17
Changed: Oct 3
Last Checked: Oct 7 at 4:33PM
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 Winzone Realty Inc
Investment Insights
Based on property information with market context.
Built in 1990, this Forest Hills residential income property comprises three dwellings and is identified as a triplex asset. The property is positioned for an owner seeking an income-producing multifamily holding in an established Queens setting.
Transit access includes nearby express subway service, train connections, and major bus routes. Dining and shopping are also close by, while PS 196 serves as the zoned school. The property is located at 76-30 Grand Central Parkway, Forest Hills, NY 11375.
Transit access includes nearby express subway service, train connections, and major bus routes. Dining and shopping are also close by, while PS 196 serves as the zoned school. The property is located at 76-30 Grand Central Parkway, Forest Hills, NY 11375.
Key Highlights
- Three‑dwelling residential income property
- Built in 1990
- Forest Hills location at 76‑30 Grand Central Parkway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,311
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,486,220
$1.5M
Cap Rate 7%
$1,061,586
$1.1M
Cap Rate 9%
$825,678
$825.7K
Market Conditions
NOI Build-Up for 3,040 SF
Gross rent
$140.4K $46.20/SF
− Vacancy
−$5.3K −$1.76/SF
EGI
$135.1K $44.44/SF
− OpEx
−$60.8K −$20.00/SF
NOI
$74.3K $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 Rate 5%
$1,486,220
Cap Rate 7%
$1,061,586
Cap Rate 9%
$825,678
Alternative Uses
Best Use
Apartment 5plus
$1.06M
$928.9K – $1.24M
NOI $74,311 @ 7.0% cap · market cap 3.57%
Second Best
Multifamily LT 5
$718.8K
$629.0K – $838.6K
NOI $50,317 @ 7.0% cap · market cap 2.42%
Theoretical Best
Office A
$2.24M
$1.96M – $2.61M
NOI $156,879 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
5,472
Businesses Nearby
Explore this area
Business Placement
Demographics for 11375, NY
72,851
Population
35,415
Households
2.1
Avg Household Size
43
Median Age
61%
College-Educated
93%
High-School Grad
2.4 sq mi
ZIP Area
30,355
Density / Sq Mi
$104,319
Median Household Income
$75,149
Median Earnings
$2,126
Median Rent
$572,800
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?
Triplex - Income-producing residential asset with access to express subway, train, and major bus routes.
Where is this triplex located?
The property is located at 76-30 Grand Central Parkway Forest Hills, NY.
What is the asking price?
The asking price for this property is $2,080,000.
What are key features of this property?
This property features: Three‑dwelling residential income property; Built in 1990; Forest Hills location at 76‑30 Grand Central Parkway
