87-08 31 Avenue, East Elmhurst, NY 11369
MULTI_FAMILY - Tudor - East Elmhurst, NY
- Added:
- Feb 4, 2025
- Days on Market:
- 518
- Last Refresh:
- Jul 7 at 10:06 am
Property Features for 87-08 31 Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 3, Bathroom 2, Basement, Bathroom 1, Bedroom 6, Bedroom 1
- Parking features
- Garage
- Interior features
- First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen, High Ceilings, Primary Bathroom
- Exterior features
- Awning(s)
- Basement
- Finished
- Standard status
- Active
- APN
- 01399-0004
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 9036
Utilities
- Sewer type
- Public Sewer
- Heating system
- Radiant, Steam
- Water source
- Public
Building Details
- Year built
- 1930
- Number of units
- 2
- Building materials
- Brick
- Architectural style
- Tudor
Listing agent Dimitri Diapoulis (646) 207-5520
Listing office Keller Williams Landmark II 7535 31st Ave Ste 202, Jackson Heights, NY (347) 846-1200
Listing date Feb 4, 2025
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Solid brick, Tudor‑style pre‑war 2‑family home built in 1930
- Over 3,000 SF with a fully finished basement
- First floor includes a bedroom and a full bathroom, plus high ceilings
- Eat‑in kitchen and primary bathroom
- Heating includes steam and radiant systems
- Garage parking, plus an additional 2‑car garage
Overview
Located in East Elmhurst, Queens, the home is positioned with transit access nearby, with the subway a short distance away and the bus service even closer. The listing is situated on a small lot and is offered for sale as a residential income property.
For tenants and buyers seeking a straightforward two-family layout, the vacant first floor creates flexibility for immediate occupancy. The finished basement and two-car garage add usable square footage and practical utility beyond the main units. With a three-bedroom second apartment already identified, the home may suit an owner looking for a substantial, multi-bedroom rental configuration while keeping the first floor available for their own use or re-rental.
Local 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 | $138.6k | $46.20 |
| − Vacancy | −$5.3k | −$1.76 |
| EGI | $133.3k | $44.44 |
| − OpEx | −$60.0k | −$20.00 |
| NOI | $73.3k | $24.44 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- East Elmhurst
- County
- Queens
- State
- New York
- Longitude
- -73.880966
- Latitude
- 40.759578
