Three-Unit Multifamily
8911 Pontiac Street, Queens Village, NY 11427
For Sale
$1,200,000
Two one-bedroom apartments and a larger three-bedroom unit provide a varied residential configuration.
Property Size3,190 SF
Price / SF$376.18
Days on Market17
Property Features for 8911 Pontiac Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
First Floor Bedroom
First Floor Full Bath
Open Floorplan
Open Kitchen
Pantry
Primary Bathroom
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Elite Realty of USA Inc
Listed By:
Chandar Persaud · License #NY10301219700
(718) 757-0938
Source:
Georgemcknight
Added: Oct 23
Changed: Nov 7
Last Checked: Nov 7 at 1:22PM
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 Elite Realty of USA Inc
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Investment Insights
Based on property information with market context.
This 3,190-square-foot multifamily property was built in 1975 and contains three apartments. The first and second floors each have a one-bedroom unit, while the third floor is configured as a three-bedroom apartment.
The property is at 8911 Pontiac Street in Queens Village, New York. The source also notes nearby transportation, shopping, dining, and neighborhood amenities, without specifying particular destinations.
The property is at 8911 Pontiac Street in Queens Village, New York. The source also notes nearby transportation, shopping, dining, and neighborhood amenities, without specifying particular destinations.
Key Highlights
- Three apartments in a 3,190‑square‑foot building
- One‑bedroom units on the first and second floors
- Three‑bedroom apartment occupies the third floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,978
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,559,560
$1.6M
Cap Rate 7%
$1,113,971
$1.1M
Cap Rate 9%
$866,422
$866.4K
Market Conditions
NOI Build-Up for 3,190 SF
Gross rent
$147.4K $46.20/SF
− Vacancy
−$5.6K −$1.76/SF
EGI
$141.8K $44.44/SF
− OpEx
−$63.8K −$20.00/SF
NOI
$78.0K $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%
$1,559,560
Cap Rate 7%
$1,113,971
Cap Rate 9%
$866,422
Alternative Uses
Best Use
Apartment 5plus
$1.11M
$974.7K – $1.30M
NOI $77,978 @ 7.0% cap · market cap 6.50%
Second Best
Multifamily LT 5
$754.3K
$660.0K – $880.0K
NOI $52,800 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$2.35M
$2.06M – $2.74M
NOI $164,619 @ 7.0% cap · market cap 13.72%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,025
Businesses Nearby
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Business Placement
Demographics for 11427, NY
24,555
Population
8,435
Households
2.9
Avg Household Size
44
Median Age
36%
College-Educated
84%
High-School Grad
1.6 sq mi
ZIP Area
15,347
Density / Sq Mi
$92,129
Median Household Income
$48,439
Median Earnings
$1,697
Median Rent
$690,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Queens County, NY
Properties on Market for Triplexes in Queens County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Two one-bedroom apartments and a larger three-bedroom unit provide a varied residential configuration.
Where is this triplex located?
The property is located at 8911 Pontiac Street Queens Village, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Three apartments in a 3,190‑square‑foot building; One‑bedroom units on the first and second floors; Three‑bedroom apartment occupies the third floor
