Two-Family Duplex with
For Sale
$888,000
8419 57th Avenue, Elmhurst, NY 11373
Residential income property with private parking, a functional interior layout, and convenient access to commercial amenities.
Property Size1,736 SF
Price / SF$511.52
Days on Market9
Property Features for 8419 57th Avenue
General Information
Standard status
Active
Size
1,736 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,020
Building Details
Building Size
1,736 SF
Year Built
1949
Listing Agency:
Royalux Realty LLC
(646) 262-9001
Listed By:
Vivian Cai
Source:
Cbwarburg
Added: Aug 3
Changed: Aug 11
Last Checked: Aug 11 at 8:24AM
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 Royalux Realty LLC
Investment Insights
Based on property information with market context.
This two-family duplex offers 1,736 square feet with three bedrooms and two full baths. The interior includes ample storage, a practical floor plan, and bright rooms with abundant natural light. A private driveway and garage provide on-site parking, while the 1949-built property offers a defined residential configuration suitable for income-property ownership.
The property is located at 8419 57th Avenue in Elmhurst, New York, within a residential setting near commercial amenities. Its location provides access to shopping, work, and leisure destinations while retaining a residential environment.
The property is located at 8419 57th Avenue in Elmhurst, New York, within a residential setting near commercial amenities. Its location provides access to shopping, work, and leisure destinations while retaining a residential environment.
Key Highlights
- Two‑family duplex with 1,736 square feet
- Three bedrooms and two full baths
- Private driveway and garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,436
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$848,720
$848.7K
Cap Rate 7%
$606,229
$606.2K
Cap Rate 9%
$471,511
$471.5K
Market Conditions
NOI Build-Up for 1,736 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$80.2K $46.20/SF
− Vacancy
−$3.0K −$1.76/SF
EGI
$77.2K $44.44/SF
− OpEx
−$34.7K −$20.00/SF
NOI
$42.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$848,720
Cap Rate 7%
$606,229
Cap Rate 9%
$471,511
Alternative Uses
Best Use
Apartment 5plus
$606.2K
$530.5K – $707.3K
NOI $42,436 @ 7.0% cap · market cap 4.78%
Second Best
Multifamily LT 5
$410.5K
$359.2K – $478.9K
NOI $28,734 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,586 @ 7.0% cap · market cap 10.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,317
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Residential income property with private parking, a functional interior layout, and convenient access to commercial amenities.
Where is this duplex located?
The property is located at 8419 57th Avenue Elmhurst, NY.
What is the asking price?
The asking price for this property is $888,000.
What are key features of this property?
This property features: Two‑family duplex with 1,736 square feet; Three bedrooms and two full baths; Private driveway and garage
