Two-Family Brick
For Sale
$1,580,000
8103 31st Avenue Unit 2, East Elmhurst, NY 11370
Brick residential income property with a two-family configuration.
Property Size2,112 SF
Days on Market50
Property Features for 8103 31st Avenue Unit 2
General Information
Standard status
Active
Size
2,112 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$12,466
Building Details
Building Size
2,112 SF
Year Built
1970
Listing Agency:
RE/MAX Southshore Realty
Listed By:
Andres R. Laucet · License #30LA1174627
(347) 706-2949
Source:
Barbieliteam
Added: Sep 4
Changed: Oct 8
Last Checked: Oct 21 at 4:29AM
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 Southshore Realty
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Investment Insights
Based on property information with market context.
This two-family brick residence offers a flexible residential layout for occupants seeking separate living arrangements within one property. The home was built in 1970 and includes a boiler and roof that are 3 years old.
Located in East Elmhurst, Queens, the property is near stores and transportation. Its two-family design supports a range of residential ownership and occupancy arrangements.
Located in East Elmhurst, Queens, the property is near stores and transportation. Its two-family design supports a range of residential ownership and occupancy arrangements.
Key Highlights
- Two‑family brick residence
- Boiler and roof are 3 years old
- Built in 1970
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,627
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,032,540
$1.0M
Cap Rate 7%
$737,529
$737.5K
Cap Rate 9%
$573,633
$573.6K
Market Conditions
NOI Build-Up for 2,112 SF
Gross rent
$97.6K $46.20/SF
− Vacancy
−$3.7K −$1.76/SF
EGI
$93.9K $44.44/SF
− OpEx
−$42.2K −$20.00/SF
NOI
$51.6K $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%
$1,032,540
Cap Rate 7%
$737,529
Cap Rate 9%
$573,633
Alternative Uses
Best Use
Apartment 5plus
$737.5K
$645.3K – $860.5K
NOI $51,627 @ 7.0% cap · market cap 3.27%
Second Best
Multifamily LT 5
$499.4K
$437.0K – $582.6K
NOI $34,957 @ 7.0% cap · market cap 2.21%
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $108,989 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,518
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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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?
Duplex - Brick residential income property with a two-family configuration.
Where is this duplex located?
The property is located at 8103 31st Avenue Unit 2 East Elmhurst, NY.
What is the asking price?
The asking price for this property is $1,580,000.
What are key features of this property?
This property features: Two‑family brick residence; Boiler and roof are 3 years old; Built in 1970
