Triplex Residential Income
For Sale
$1,450,000
86-06 58th Ave, Elmhurst, NY 11358
Three-story brick residential income property zoned R6B with multiple utility metering and a flexible multi-floor layout.
Property Size2,610 SF
Price / SF$555.56
Days on Market39
Property Features for 86-06 58th Ave
General Information
Standard status
Active
Size
2,610 SF
Property subtype
Triplex
Zoning
R6B
Building Details
Building Size
2,610 SF
Year Built
2005
Buildings
1
Stories
3
Construction
brick
Tenancy
Multi
Listing Agency:
E Realty International Corp
(347) 755-9735
Listed By:
Chuan Wang Chen
Source:
Cbwarburg
Added: Jun 23
Changed: Jul 30
Last Checked: Jul 31 at 11:37AM
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
Investment Insights
Based on property information with market context.
Three-story brick residential income property built in 2005 featuring a highly functional multi-floor layout. The ground level offers two bedrooms and one full bathroom, while the second and third floors each provide two-bedroom, two-bathroom layouts. The property is zoned R6B and includes 2 gas meters and 3 electric meters.
Located in Elmhurst, the home is just three blocks from Queens Center Mall, Target, supermarkets, restaurants, and the NYC Subway R train, supporting convenient access to shopping, dining, and public transportation.
This is a solid fit for an investor seeking rental income or an owner-occupant looking for a live-and-lease configuration with separate floor plans.
Located in Elmhurst, the home is just three blocks from Queens Center Mall, Target, supermarkets, restaurants, and the NYC Subway R train, supporting convenient access to shopping, dining, and public transportation.
This is a solid fit for an investor seeking rental income or an owner-occupant looking for a live-and-lease configuration with separate floor plans.
Key Highlights
- Built in 2005
- Three‑story brick residential income property
- Zoned R6B
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $120.6k | $46.20 |
| − Vacancy | −$4.6k | −$1.76 |
| EGI | $116.0k | $44.44 |
| − OpEx | −$52.2k | −$20.00 |
| NOI | $63.8k | $24.44 |
2,610 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
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.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,526
Businesses Nearby
Explore this area
Business Placement
Demographics for 11358, NY
40,435
Population
13,806
Households
2.9
Avg Household Size
43
Median Age
37%
College-Educated
84%
High-School Grad
2.0 sq mi
ZIP Area
20,218
Density / Sq Mi
$88,729
Median Household Income
$46,875
Median Earnings
$2,086
Median Rent
$967,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three-story brick residential income property zoned R6B with multiple utility metering and a flexible multi-floor layout.
Where is this triplex 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: Built in 2005; Three‑story brick residential income property; Zoned R6B
