Brick Triplex with
90-27 Elmhurst Avenue, Jackson Heights, NY 11372
For Sale
$1,700,000
Pending
Legal three-family property with separate entrances, shared outdoor space, and a private garage connected to the lobby.
Property Size2,680 SF
Days on Market123
Property Features for 90-27 Elmhurst Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Utilities to Site
Taxes and HOA fees
Annual Taxes
Amenities
spacious common lobby with skylight
private deck
secure fenced property
organized garbage storage
rear outdoor space
surveillance cameras
Building Details
Building Size
Year Built
Year Renovated
Buildings
Stories
Tenancy
Listing Agency:
Leatherman Homes
Listed By:
Kevin M. Leatherman ABR SFR C2EX A
(516) 984-1815
Source:
Serhant
Added: Jul 9
Changed: Nov 6
Last Checked: Nov 6 at 4:09PM
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
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Investment Insights
Based on property information with market context.
This legal three-family brick building contains three rental units totaling 2,680 square feet, with 5 bedrooms and 3 full baths. The first floor includes a one-bedroom, one-bath unit, private garage, spacious common lobby, skylit stairwell, and boiler room access. The second-floor two-bedroom unit has a private deck and exterior staircase access to the yard, while the third floor offers another two-bedroom, one-bath unit. Separate entrances support functional unit layouts, and the property includes gas heat, gas hot water, a fenced setting, organized garbage storage, and rear outdoor space for shared use.
Located in Jackson Heights near shopping, dining, parks, and daily services along Elmhurst Avenue and nearby corridors, the property is close to the E, F, M, R, and 7 trains at Jackson Heights-Roosevelt Avenue/74th Street station, multiple bus routes, and major roadways. Brick pointing and new first- and third-floor windows were completed in approximately 2018. The property is registered with HPD and was built in 1955.
Located in Jackson Heights near shopping, dining, parks, and daily services along Elmhurst Avenue and nearby corridors, the property is close to the E, F, M, R, and 7 trains at Jackson Heights-Roosevelt Avenue/74th Street station, multiple bus routes, and major roadways. Brick pointing and new first- and third-floor windows were completed in approximately 2018. The property is registered with HPD and was built in 1955.
Key Highlights
- Legal three‑family building with 3 rental units, 5 bedrooms, and 3 full baths
- 2,680 square feet with separate entrances and functional unit layouts
- Private garage with access into the common lobby
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,511
Cap Rate
3.85%
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 3.85%
Second Best
Multifamily LT 5
$633.7K
$554.5K – $739.3K
NOI $44,358 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,301 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
7,989
Businesses Nearby
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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
$454,400
Median Home Value
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Market
Average Price Trend$/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 - Legal three-family property with separate entrances, shared outdoor space, and a private garage connected to the lobby.
Where is this triplex located?
The property is located at 90-27 Elmhurst Avenue Jackson Heights, NY.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Legal three‑family building with 3 rental units, 5 bedrooms, and 3 full baths; 2,680 square feet with separate entrances and functional unit layouts; Private garage with access into the common lobby
