Brick Triplex with Finished
For Sale
$1,799,000
81-20 Dongan Avenue, Elmhurst, NY 11373
Residential, Elmhurst, NY
Property Size2,400 SF
Lot Size0.06 Acres
Price / SF$749.58
Days on Market240
Property Features for 81-20 Dongan Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 5, Bedroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2
Interior features
Refrigerator, Stove
Basement
Finished, Full
Subdivision
Elmhurst
Standard status
Active
Size
2,400 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
11612
Amenities
private backyard
finished basement
Building Details
Year built
1920
Floors in Building
2
Number of units
3
Flooring type
Tile, Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
Tiger Realty
Listed By:
Emily Hui Chen-Liang
(917) 708-9966
Added: Mar 2
Changed: Oct 22
Last Checked: Oct 28 at 4:06PM
MLS# 499272
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This semi-attached brick triplex, built in 1920, offers a three-bedroom first-floor apartment plus two separate one-bedroom apartments on the second floor. The property includes three bathrooms, a finished 1,200-square-foot basement with recreation space, hardwood and tile flooring, and a flat roof. A private backyard, detached 500-square-foot garage, and shared four-car driveway add functional outdoor and parking amenities. The kitchen areas include refrigerators and stoves.
The property is located on Dongan Avenue in Elmhurst, Queens, approximately one minute from Queens Boulevard. The surrounding area provides access to transportation, dining, and supermarkets, while the residence sits on a quiet one-way street. The lot measures 25 feet by 100 feet, and the building measures 20 feet by 60 feet.
The property is located on Dongan Avenue in Elmhurst, Queens, approximately one minute from Queens Boulevard. The surrounding area provides access to transportation, dining, and supermarkets, while the residence sits on a quiet one-way street. The lot measures 25 feet by 100 feet, and the building measures 20 feet by 60 feet.
Key Highlights
- Three‑unit configuration with one 3‑bedroom apartment and two 1‑bedroom apartments
- R5 zoning in Elmhurst, Queens
- Finished 1,200‑square‑foot basement with recreation space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,667
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,173,340
$1.2M
Cap Rate 7%
$838,100
$838.1K
Cap Rate 9%
$651,856
$651.9K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$110.9K $46.20/SF
− Vacancy
−$4.2K −$1.76/SF
EGI
$106.7K $44.44/SF
− OpEx
−$48.0K −$20.00/SF
NOI
$58.7K $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%
$1,173,340
Cap Rate 7%
$838,100
Cap Rate 9%
$651,856
Alternative Uses
Best Use
Apartment 5plus
$838.1K
$733.3K – $977.8K
NOI $58,667 @ 7.0% cap · market cap 3.26%
Second Best
Multifamily LT 5
$567.5K
$496.6K – $662.1K
NOI $39,724 @ 7.0% cap · market cap 2.21%
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,852 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,862
Businesses Nearby
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Business Placement
Demographics for 11373, NY
105,712
Population
34,797
Households
3
Avg Household Size
38
Median Age
30%
College-Educated
75%
High-School Grad
1.5 sq mi
ZIP Area
70,475
Density / Sq Mi
$71,470
Median Household Income
$36,043
Median Earnings
$1,913
Median Rent
$683,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit brick residence with a private backyard, detached garage, and shared driveway.
Where is this triplex located?
The property is located at 81-20 Dongan Avenue Elmhurst, NY.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: Three‑unit configuration with one 3‑bedroom apartment and two 1‑bedroom apartments; R5 zoning in Elmhurst, Queens; Finished 1,200‑square‑foot basement with recreation space
