Detached Duplex with
For Sale
$1,198,000
79-07 24th Avenue, East Elmhurst, NY 11370
Legal two-family residence with a separate one-bedroom apartment, updated building systems, and outdoor space.
Property Size2,140 SF
Lot Size0.06 Acres
Days on Market50
Property Features for 79-07 24th Avenue
General Information
Standard status
Active
Size
2,140 SF
Lot size
0.06 Acres
Property subtype
Duplex
Zoning
R4
Units
Unit Mix
1 x 2BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$7,084
Amenities
backyard
washer/dryer hookup
Building Details
Building Size
2,140 SF
Year Built
1920
Buildings
1
Listing Agency:
Carmela Homes Corp
Listed By:
Carmela Vlacich · License #4OVL0647854
(718) 274-2400
Source:
Barbieliteam
Added: Aug 17
Changed: Oct 4
Last Checked: Oct 4 at 4:32PM
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 Carmela Homes Corp
Investment Insights
Based on property information with market context.
This legal two-family property is fully detached and includes a backyard. The main residence spans the first and second floors, with a kitchen, dining area, living room, two bedrooms, and two bathrooms. A separate top-floor apartment provides a kitchen and dining area, living room, one bedroom, and one bathroom. A washer and dryer hookup is located on the lower level.
The 1920 building measures 20 x 38 on a 25 x 100 lot and is zoned R4. The roof was updated in 2023, followed by installation of two boilers and two hot water heaters in 2024. The property is located at 79-07 24th Avenue in East Elmhurst, near neighborhood shops, services, and schools, with access to the Grand Central Parkway, BQE, and RFK Bridge.
The 1920 building measures 20 x 38 on a 25 x 100 lot and is zoned R4. The roof was updated in 2023, followed by installation of two boilers and two hot water heaters in 2024. The property is located at 79-07 24th Avenue in East Elmhurst, near neighborhood shops, services, and schools, with access to the Grand Central Parkway, BQE, and RFK Bridge.
Key Highlights
- Legal 2‑family property with a fully detached building and backyard
- First- and second‑floor duplex includes 2 bedrooms and 2 bathrooms
- Separate top‑floor apartment offers 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,311
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,046,220
$1.0M
Cap Rate 7%
$747,300
$747.3K
Cap Rate 9%
$581,233
$581.2K
Market Conditions
NOI Build-Up for 2,140 SF
Gross rent
$98.9K $46.20/SF
− Vacancy
−$3.8K −$1.76/SF
EGI
$95.1K $44.44/SF
− OpEx
−$42.8K −$20.00/SF
NOI
$52.3K $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%
$1,046,220
Cap Rate 7%
$747,300
Cap Rate 9%
$581,233
Alternative Uses
Best Use
Apartment 5plus
$747.3K
$653.9K – $871.9K
NOI $52,311 @ 7.0% cap · market cap 4.37%
Second Best
Multifamily LT 5
$506.0K
$442.8K – $590.3K
NOI $35,420 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,434 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,363
Businesses Nearby
Explore this area
Business Placement
Demographics for 11370, NY
34,683
Population
11,679
Households
3
Avg Household Size
38
Median Age
25%
College-Educated
77%
High-School Grad
1.5 sq mi
ZIP Area
23,122
Density / Sq Mi
$74,895
Median Household Income
$43,313
Median Earnings
$2,071
Median Rent
$843,600
Median Home Value
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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?
Duplex - Legal two-family residence with a separate one-bedroom apartment, updated building systems, and outdoor space.
Where is this duplex located?
The property is located at 79-07 24th Avenue East Elmhurst, NY.
What is the asking price?
The asking price for this property is $1,198,000.
What are key features of this property?
This property features: Legal 2‑family property with a fully detached building and backyard; First- and second‑floor duplex includes 2 bedrooms and 2 bathrooms; Separate top‑floor apartment offers 1 bedroom and 1 bathroom
