Tenant-Occupied
For Sale
$2,180,000
76-30 Grand Central Parkway, Forest Hills, NY 11375
Three-family residential property with leased units and access to subway, rail, bus, and expressway connections.
Property Size3,040 SF
Days on Market62
Property Features for 76-30 Grand Central Parkway
General Information
Standard status
Active
Size
3,040 SF
Property subtype
Triplex
Occupancy
100%
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:
Serhant
Added: Aug 17
Changed: Sep 28
Last Checked: Oct 16 at 5:30PM
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
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Investment Insights
Based on property information with market context.
Built in 1990, this three-family residential property offers a triplex configuration with all units currently occupied by tenants. The property is located at 76-30 Grand Central Parkway in Forest Hills, providing a residential setting with access to E and F subway service, the LIRR, buses, and expressways.
The surrounding community includes shopping, dining, and cultural destinations within a walkable urban environment. School zoning includes PS196 and JHS 190, adding a defined neighborhood amenity to the property’s residential context.
The surrounding community includes shopping, dining, and cultural destinations within a walkable urban environment. School zoning includes PS196 and JHS 190, adding a defined neighborhood amenity to the property’s residential context.
Key Highlights
- Three‑family triplex with all units currently tenant‑occupied
- Built in 1990
- Access to E and F subway service, LIRR, buses, and expressways
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,311
Cap Rate
3.41%
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 3.41%
Second Best
Multifamily LT 5
$718.8K
$629.0K – $838.6K
NOI $50,317 @ 7.0% cap · market cap 2.31%
Theoretical Best
Office A
$2.24M
$1.96M – $2.61M
NOI $156,879 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
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
Frequently Asked Questions
What type of property is this?
Triplex - Three-family residential property with leased units and access to subway, rail, bus, and expressway connections.
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 $2,180,000.
What are key features of this property?
This property features: Three‑family triplex with all units currently tenant‑occupied; Built in 1990; Access to E and F subway service, LIRR, buses, and expressways
