Three-Unit Triplex with
77-09 Eliot Ave, Queens, NY 11379
For Sale
New
$1,700,000
Delivered vacant, the property offers a private driveway, built-in garage, and fenced outdoor space.
Property Size2,809 SF
Lot Size0.07 Acres
Price / SF$605.20
Days on Market2
Property Features for 77-09 Eliot Ave
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Highway Access
Road Access
Public Transit
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
RE/MAX Edge
Listed By:
ZaiYou (Joe) Zhu · License NY #10401312891
(718) 612-3088
Source:
Elliman
Added: Nov 12
Changed: Nov 13
Last Checked: Nov 12 at 2:22PM
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 RE/MAX Edge
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This legal three-family triplex at 77-09 Eliot Ave in Queens contains 2,809 square feet of living space on a 32-by-100-foot lot. The 22-by-48-foot building has seven bedrooms: three on the second floor, two on the first floor, and two in the lower level. The lower level has a separate rear entrance. The property is delivered vacant and includes a private driveway, built-in garage, covered front terrace, and fenced backyard with a concrete patio, lawn, and garden beds. Interior features include hardwood floors, freshly painted rooms, and eat-in kitchens with gas cooking.
Juniper Valley Park is nearby. The Middle Village-Metropolitan Avenue M train station is approximately a 7–10-minute walk away, and Q14 and QM bus service runs along Eliot Avenue. Shops and dining on Metropolitan Avenue, including Metro Mall, are also nearby, with access to the Long Island Expressway.
Juniper Valley Park is nearby. The Middle Village-Metropolitan Avenue M train station is approximately a 7–10-minute walk away, and Q14 and QM bus service runs along Eliot Avenue. Shops and dining on Metropolitan Avenue, including Metro Mall, are also nearby, with access to the Long Island Expressway.
Key Highlights
- Legal three‑family property with 2,809 square feet of living space
- 32‑by‑100‑foot lot; building measures 22 by 48 feet
- Seven bedrooms: three upstairs, two on the first floor, and two in the lower level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,413
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,388,260
$1.4M
Cap Rate 7%
$991,614
$991.6K
Cap Rate 9%
$771,256
$771.3K
Market Conditions
NOI Build-Up for 2,809 SF
Gross rent
$107.9K $38.40/SF
− Vacancy
−$8.7K −$3.10/SF
EGI
$99.2K $35.30/SF
− OpEx
−$29.7K −$10.59/SF
NOI
$69.4K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,388,260
Cap Rate 7%
$991,614
Cap Rate 9%
$771,256
Alternative Uses
Best Use
Multifamily LT 5
$991.6K
$867.7K – $1.16M
NOI $69,413 @ 7.0% cap · market cap 4.08%
Second Best
Apartment 5plus
$980.9K
$858.3K – $1.14M
NOI $68,664 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$2.07M
$1.81M – $2.42M
NOI $144,958 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,497
Businesses Nearby
Explore this area
Business Placement
Demographics for 11379, NY
37,906
Population
15,237
Households
2.5
Avg Household Size
44
Median Age
35%
College-Educated
84%
High-School Grad
2.2 sq mi
ZIP Area
17,230
Density / Sq Mi
$92,509
Median Household Income
$54,109
Median Earnings
$1,989
Median Rent
$886,600
Median Home Value
Market
Average Price Trend$/SF for Triplexes in Queens, NY
Properties on Market for Triplexes in Queens
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Delivered vacant, the property offers a private driveway, built-in garage, and fenced outdoor space.
Where is this triplex located?
The property is located at 77-09 Eliot Ave Queens, NY.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Legal three‑family property with 2,809 square feet of living space; 32‑by‑100‑foot lot; building measures 22 by 48 feet; Seven bedrooms: three upstairs, two on the first floor, and two in the lower level
