Brick Triplex with Garage
86-02 Elmhurst Avenue, Elmhurst, NY 11373
For Sale
$1,790,000
Three residential units provide nine bedrooms and on-site parking for four vehicles.
Property Size3,020 SF
Price / SF$592.72
Days on Market37
Property Features for 86-02 Elmhurst Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
First Floor Bedroom
Building Details
Building Size
Year Built
Units
Construction
Listing Agency:
N & H Realty Group Inc
Listed By:
Nan Zhang · License #10311206308
(718) 902-8992
Source:
Clairedleone
Added: Oct 2
Changed: Nov 6
Last Checked: Nov 7 at 4:03AM
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 N & H Realty Group Inc
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Investment Insights
Based on property information with market context.
This 3,020-square-foot brick triplex contains three apartments, each with three bedrooms, and three full bathrooms overall. The property was built in 1935 and includes a two-car garage and driveway parking for two additional vehicles. Its corner position is at 86-02 Elmhurst Avenue in Elmhurst, Queens.
Subway and bus service, shopping centers, restaurants, schools, and parks are identified among the nearby neighborhood amenities.
Subway and bus service, shopping centers, restaurants, schools, and parks are identified among the nearby neighborhood amenities.
Key Highlights
- Three apartments, each with three bedrooms
- 3,020 square feet of living space
- Two‑car garage plus two driveway parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,822
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,476,440
$1.5M
Cap Rate 7%
$1,054,600
$1.1M
Cap Rate 9%
$820,244
$820.2K
Market Conditions
NOI Build-Up for 3,020 SF
Gross rent
$139.5K $46.20/SF
− Vacancy
−$5.3K −$1.76/SF
EGI
$134.2K $44.44/SF
− OpEx
−$60.4K −$20.00/SF
NOI
$73.8K $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%
$1,476,440
Cap Rate 7%
$1,054,600
Cap Rate 9%
$820,244
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$922.8K – $1.23M
NOI $73,822 @ 7.0% cap · market cap 4.12%
Second Best
Multifamily LT 5
$714.1K
$624.8K – $833.1K
NOI $49,986 @ 7.0% cap · market cap 2.79%
Theoretical Best
Office A
$2.23M
$1.95M – $2.60M
NOI $155,846 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
7,989
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
Properties on Market for Triplexes in Elmhurst
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units provide nine bedrooms and on-site parking for four vehicles.
Where is this triplex located?
The property is located at 86-02 Elmhurst Avenue Elmhurst, NY.
What is the asking price?
The asking price for this property is $1,790,000.
What are key features of this property?
This property features: Three apartments, each with three bedrooms; 3,020 square feet of living space; Two‑car garage plus two driveway parking spaces
