Three-Story Brick
For Sale
$1,450,000
86-06 58th Ave, Elmhurst, NY 11353
R6B zoning and separate gas and electric meters serve this residential property.
Property Size2,610 SF
Price / SF$555.56
Days on Market9
Property Features for 86-06 58th Ave
General Information
Standard status
Active
Size
2,610 SF
Property subtype
Residential Income
Zoning
R6B
Additional Details
Public Transit
Yes
Individually Metered Utilities
gas, electric
Taxes and HOA fees
Annual Taxes
$14,839
Building Details
Building Size
2,610 SF
Year Built
2005
Buildings
1
Stories
3
Units
3
Construction
brick
Listing Agency:
E Realty International Corp
Listed By:
Chuan Wang Chen
(347) 755-9735
Source:
Georgemcknight
Added: Oct 16
Changed: Oct 23
Last Checked: Oct 23 at 4:35PM
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 E Realty International Corp
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,610-square-foot brick duplex was built in 2005 and rises three stories. The property has two gas meters and three electric meters, with R6B zoning.
Shopping, supermarkets, restaurants, Queens Center Mall, Target, and the NYC Subway R train are within three blocks of the property in Elmhurst.
Shopping, supermarkets, restaurants, Queens Center Mall, Target, and the NYC Subway R train are within three blocks of the property in Elmhurst.
Key Highlights
- 2,610‑square‑foot, three‑story brick duplex
- Built in 2005
- R6B zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,800
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,276,000
$1.3M
Cap Rate 7%
$911,429
$911.4K
Cap Rate 9%
$708,889
$708.9K
Market Conditions
NOI Build-Up for 2,610 SF
Gross rent
$120.6K $46.20/SF
− Vacancy
−$4.6K −$1.76/SF
EGI
$116.0K $44.44/SF
− OpEx
−$52.2K −$20.00/SF
NOI
$63.8K $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%
$1,276,000
Cap Rate 7%
$911,429
Cap Rate 9%
$708,889
Alternative Uses
Best Use
Apartment 5plus
$911.4K
$797.5K – $1.06M
NOI $63,800 @ 7.0% cap · market cap 4.40%
Second Best
Multifamily LT 5
$617.1K
$540.0K – $720.0K
NOI $43,200 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,689 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Location Intelligence
Trade Area within ½ mile
2,023
Businesses Nearby
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - R6B zoning and separate gas and electric meters serve this residential property.
Where is this duplex located?
The property is located at 86-06 58th Ave Elmhurst, NY.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 2,610‑square‑foot, three‑story brick duplex; Built in 2005; R6B zoning
