Multifamily Property with
91-30 50 Avenue, Elmhurst, NY 11373
For Sale
New
$1,880,000
The property includes balconies, storage, and wall/window air-conditioning units.
Property Size3,265 SF
Days on Market7
Property Features for 91-30 50 Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
Wall/Window Unit(s)
Hot Water, Natural Gas
Full, Walk-Out Access
High Ceilings, Storage
Fenced
Driveway, Garage
Balcony
Building Details
Building Size
Year Built
Listing Agency:
Franklin Square
Listed By:
Ng Ka Hung Cheng · License NY #10401356457
(929) 264-8617
Source:
Evrealestate
Added: Nov 3
Changed: Nov 9
Last Checked: Nov 8 at 5:23PM
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 Franklin Square
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Investment Insights
Based on property information with market context.
Built in 1975, this multifamily property at 91-30 50 Avenue in Elmhurst, Queens, includes balconies, a fenced exterior, driveway access, and a garage. Interior features include high ceilings, storage, and full walk-out access. Wall/window units provide heating or cooling, and the property has hot water and natural gas.
Key Highlights
- Built in 1975
- Garage and driveway
- Fenced exterior with balconies
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,811
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,596,220
$1.6M
Cap Rate 7%
$1,140,157
$1.1M
Cap Rate 9%
$886,789
$886.8K
Market Conditions
NOI Build-Up for 3,265 SF
Gross rent
$150.8K $46.20/SF
− Vacancy
−$5.7K −$1.76/SF
EGI
$145.1K $44.44/SF
− OpEx
−$65.3K −$20.00/SF
NOI
$79.8K $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%
$1,596,220
Cap Rate 7%
$1,140,157
Cap Rate 9%
$886,789
Alternative Uses
Best Use
Apartment 5plus
$1.14M
$997.6K – $1.33M
NOI $79,811 @ 7.0% cap · market cap 4.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.41M
$2.11M – $2.81M
NOI $168,490 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
3,458
Businesses Nearby
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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
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Market
Properties on Market for Multifamily properties in Elmhurst
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - The property includes balconies, storage, and wall/window air-conditioning units.
Where is this multifamily property located?
The property is located at 91-30 50 Avenue Elmhurst, NY.
What is the asking price?
The asking price for this property is $1,880,000.
What are key features of this property?
This property features: Built in 1975; Garage and driveway; Fenced exterior with balconies
