Brick Triplex with
For Sale
$1,900,000
90-25 A & Lot 155 Elmhurst Ave, Jackson Heights, NY 11372
Legal three-family property with a private garage, secure assigned parking, and separate residential unit entrances.
Property Size2,680 SF
Price / SF$708.96
Days on Market75
Property Features for 90-25 A & Lot 155 Elmhurst Ave
General Information
Standard status
Active
Size
2,680 SF
Total Parking Spaces
6
Property subtype
Multi-Family
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR/1BA, 2 x 2BR/1BA
Multifamily Units
3
Building Details
Year Built
1955
Buildings
1
Stories
3
Listing Agency:
Leatherman Homes
Listed By:
Kevin M. Leatherman ABR SFR C2EX A
(516) 984-1815
Source:
Realtyconnectusa
Added: Aug 2
Changed: Oct 2
Last Checked: Oct 7 at 2:58PM
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 Leatherman Homes
Investment Insights
Based on property information with market context.
This semi-attached legal triplex contains three rental units totaling 2,680 square feet, with five bedrooms and three full baths. The first floor includes a shared lobby, boiler room access, a one-bedroom unit, and a private garage. Two-bedroom, one-bath apartments occupy the second and third floors. Gas heat, gas hot water, surveillance cameras with NVRs, and separate entrances are included. The property also has a fenced parking lot with five assigned spaces.
The building is located on Elmhurst Avenue in Jackson Heights, Queens, near shopping, dining, parks, and daily services. Jackson Heights–Roosevelt Avenue/74th Street station provides access to the E, F, M, R, and 7 trains, with multiple bus routes and major roadways nearby. Approx. 20 to 25 minutes to Midtown Manhattan. Brick pointing and new windows on the first and third floors were completed in approx. 2018.
The building is located on Elmhurst Avenue in Jackson Heights, Queens, near shopping, dining, parks, and daily services. Jackson Heights–Roosevelt Avenue/74th Street station provides access to the E, F, M, R, and 7 trains, with multiple bus routes and major roadways nearby. Approx. 20 to 25 minutes to Midtown Manhattan. Brick pointing and new windows on the first and third floors were completed in approx. 2018.
Key Highlights
- Legal three‑family triplex with 2,680 square feet, 5 bedrooms, and 3 full baths
- Five assigned spaces in a secure, fenced parking lot
- Private garage with access to the lobby
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,511
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,310,220
$1.3M
Cap Rate 7%
$935,871
$935.9K
Cap Rate 9%
$727,900
$727.9K
Market Conditions
NOI Build-Up for 2,680 SF
Gross rent
$123.8K $46.20/SF
− Vacancy
−$4.7K −$1.76/SF
EGI
$119.1K $44.44/SF
− OpEx
−$53.6K −$20.00/SF
NOI
$65.5K $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%
$1,310,220
Cap Rate 7%
$935,871
Cap Rate 9%
$727,900
Alternative Uses
Best Use
Apartment 5plus
$935.9K
$818.9K – $1.09M
NOI $65,511 @ 7.0% cap · market cap 3.45%
Second Best
Multifamily LT 5
$633.7K
$554.5K – $739.3K
NOI $44,358 @ 7.0% cap · market cap 2.33%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,301 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
7,989
Businesses Nearby
Explore this area
Business Placement
Demographics for 11372, NY
68,000
Population
26,613
Households
2.6
Avg Household Size
41
Median Age
35%
College-Educated
81%
High-School Grad
0.7 sq mi
ZIP Area
97,143
Density / Sq Mi
$77,133
Median Household Income
$44,415
Median Earnings
$1,795
Median Rent
$454,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Legal three-family property with a private garage, secure assigned parking, and separate residential unit entrances.
Where is this triplex located?
The property is located at 90-25 A & Lot 155 Elmhurst Ave Jackson Heights, NY.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Legal three‑family triplex with 2,680 square feet, 5 bedrooms, and 3 full baths; Five assigned spaces in a secure, fenced parking lot; Private garage with access to the lobby
