Duplex with Finished
For Sale
$1,499,000
8714 56th Avenue, Elmhurst, NY 11373
Two residential floors contain three bedrooms on the first level and four on the second.
Property Size2,010 SF
Lot Size0.06 Acres
Price / SF$745.77
Days on Market9
Property Features for 8714 56th Avenue
General Information
Standard status
Active
Size
2,010 SF
Lot size
0.06 Acres
Property subtype
Residential Income
Zoning
R5
Units
Unit Mix
3BR/1BA, 4BR/1.5BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,620
Amenities
Finished,Full,Walk-Out Access
3
Yes
7
First Floor Bedroom,First Floor Full Bath
Finished, Full, Walk-Out Access
Public
No
Assigned, Driveway
2010
Building Details
Building Size
2,010 SF
Year Built
1901
Buildings
1
Listing Agency:
Keller Williams Landmark II
(516) 703-2918
Listed By:
Hassan Mahmood
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 2:55PM
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 Keller Williams Landmark II
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 detached duplex measures 2,010 square feet and sits on an approximately 2,500-square-foot lot zoned R5. The first floor has a living room, dining room, kitchen, three bedrooms and a full bathroom. Upstairs are four bedrooms, a full bathroom and a half bathroom. A finished basement has walk-out access and a separate rear entrance. A private driveway provides off-street parking. The property has been recently renovated, and the home was built in 1901.
Across from Queens Center Mall, the property is near shopping, restaurants, schools, public transportation, Queens Boulevard and major highways. The location and two-floor bedroom layout are among the defining features of this residential property.
Across from Queens Center Mall, the property is near shopping, restaurants, schools, public transportation, Queens Boulevard and major highways. The location and two-floor bedroom layout are among the defining features of this residential property.
Key Highlights
- Detached two‑family property with 2,010 square feet of building area
- Approximately 2,500 sq. ft. lot with R5 zoning
- First floor: three bedrooms and one full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,133
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$982,660
$982.7K
Cap Rate 7%
$701,900
$701.9K
Cap Rate 9%
$545,922
$545.9K
Market Conditions
NOI Build-Up for 2,010 SF
Gross rent
$92.9K $46.20/SF
− Vacancy
−$3.5K −$1.76/SF
EGI
$89.3K $44.44/SF
− OpEx
−$40.2K −$20.00/SF
NOI
$49.1K $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%
$982,660
Cap Rate 7%
$701,900
Cap Rate 9%
$545,922
Alternative Uses
Best Use
Apartment 5plus
$701.9K
$614.2K – $818.9K
NOI $49,133 @ 7.0% cap · market cap 3.28%
Second Best
Multifamily LT 5
$475.3K
$415.9K – $554.5K
NOI $33,269 @ 7.0% cap · market cap 2.22%
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,726 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,968
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
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 - Two residential floors contain three bedrooms on the first level and four on the second.
Where is this duplex located?
The property is located at 8714 56th Avenue Elmhurst, NY.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Detached two‑family property with 2,010 square feet of building area; Approximately 2,500 sq. ft. lot with R5 zoning; First floor: three bedrooms and one full bathroom
