Two-Family Duplex with
New
For Sale
$1,388,000
9056 52nd Avenue, Elmhurst, NY 11373
Residential, Elmhurst, NY
Property Size1,824 SF
Lot Size0.06 Acres
Price / SF$760.96
Days on Market1
Property Features for 9056 52nd Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 6, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 2
Parking features
Garage
Interior features
Refrigerator, Stove
Subdivision
Elmhurst
Standard status
Active
Size
1,824 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
9331
Building Details
Year built
1970
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Flat
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Xu (Susan) Chen
(718) 758-5838
Added: Sep 9
Last Checked: Sep 9 at 8:06PM
MLS# 504386
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,824-square-foot brick duplex, built in 1970, contains two separate residential units. The lower-level residence includes two bedrooms and a living room and was renovated approximately two years ago. The upper-level residence provides three bedrooms and a living room. Hardwood and tile flooring, a flat roof, refrigerator, and stove are included. Each unit has its own heating and hot water system, supporting independent utility management. The property also includes an attached garage and two additional parking spaces.
Set on a 28 * 100 lot with a building footprint measuring 22 * 46, the property is zoned R5 and located on 52nd Avenue in Elmhurst, Queens. M and R subway service, supermarkets, restaurants, shopping, and Queens Center Mall are nearby. The two-unit configuration accommodates either owner occupancy with an additional residence or separate rental use, as supported by the existing layout.
Set on a 28 * 100 lot with a building footprint measuring 22 * 46, the property is zoned R5 and located on 52nd Avenue in Elmhurst, Queens. M and R subway service, supermarkets, restaurants, shopping, and Queens Center Mall are nearby. The two-unit configuration accommodates either owner occupancy with an additional residence or separate rental use, as supported by the existing layout.
Key Highlights
- 1,824‑square‑foot brick duplex built in 1970
- Two residential units: 2 bedrooms downstairs and 3 bedrooms upstairs
- Lower unit renovated approximately 2 years ago
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$44,587
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$891,740
$891.7K
Cap Rate 7%
$636,957
$637.0K
Cap Rate 9%
$495,411
$495.4K
Market Conditions
NOI Build-Up for 1,824 SF
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.
Gross rent
$84.3K $46.20/SF
− Vacancy
−$3.2K −$1.76/SF
EGI
$81.1K $44.44/SF
− OpEx
−$36.5K −$20.00/SF
NOI
$44.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$891,740
Cap Rate 7%
$636,957
Cap Rate 9%
$495,411
Alternative Uses
Best Use
Apartment 5plus
$637.0K
$557.3K – $743.1K
NOI $44,587 @ 7.0% cap · market cap 3.21%
Second Best
Multifamily LT 5
$431.3K
$377.4K – $503.2K
NOI $30,190 @ 7.0% cap · market cap 2.18%
Theoretical Best
Office A
$1.34M
$1.18M – $1.57M
NOI $94,127 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
5,029
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Brick residential property with separate systems, flexible layouts, and dedicated off-street parking.
Where is this duplex located?
The property is located at 9056 52nd Avenue Elmhurst, NY.
What is the asking price?
The asking price for this property is $1,388,000.
What are key features of this property?
This property features: 1,824‑square‑foot brick duplex built in 1970; Two residential units: 2 bedrooms downstairs and 3 bedrooms upstairs; Lower unit renovated approximately 2 years ago
