Three-Unit Multifamily
For Sale
$1,700,000
93-10 50th Avenue, Elmhurst, NY 11373
Detached three-family home in R5 zoning with three occupied apartments and an unfinished basement with separate entrance.
Property Size2,487 SF
Price / SF$683.55
Days on Market297
Property Features for 93-10 50th Avenue
General Information
Standard status
Active
Size
2,487 SF
Total Parking Spaces
3
Property subtype
Triplex
Zoning
R5
Occupancy
100%
Additional Details
Gross Income
$111,600
Building Details
Building Size
2,487 SF
Year Built
1920
Buildings
1
Stories
3
Construction
frame
Tenancy
Multi
Abandoned
No
Listing Agency:
Winzone Realty Inc
Listed By:
Marcia M. Guevara CBR SFR SRS C2EX
Source:
Cbwarburg
Added: Oct 7, 2025
Changed: Jul 30
Last Checked: Jul 30 at 7:39AM
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 Winzone Realty Inc
Investment Insights
Based on property information with market context.
Detached Colonial three-unit multifamily building located in Elmhurst, currently occupied. The property is a frame structure built in 1920 and features a private driveway.
The home includes three rental units. The 1st floor offers living room, eat-in kitchen, three bedrooms, and a full bathroom and is rented with a lease expiring 08/31/2026. The 2nd floor offers living room, eat-in kitchen, three bedrooms, and a full bathroom. The 3rd floor offers a small living room, eat-in kitchen, four bedrooms, and a full bathroom. There is a full unfinished basement with a separate entrance.
The property sits on a lot measuring 30x95 and includes three parking spaces that are currently rented for additional income. It is close to transportation, restaurants, supermarket, school, and commercial areas. Zoning is R5.
The home includes three rental units. The 1st floor offers living room, eat-in kitchen, three bedrooms, and a full bathroom and is rented with a lease expiring 08/31/2026. The 2nd floor offers living room, eat-in kitchen, three bedrooms, and a full bathroom. The 3rd floor offers a small living room, eat-in kitchen, four bedrooms, and a full bathroom. There is a full unfinished basement with a separate entrance.
The property sits on a lot measuring 30x95 and includes three parking spaces that are currently rented for additional income. It is close to transportation, restaurants, supermarket, school, and commercial areas. Zoning is R5.
Key Highlights
- Three‑family detached Colonial frame building built in 1920
- R5 zoning with private driveway
- 1st‑floor unit lease expires 08/31/2026
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $114.9k | $46.20 |
| − Vacancy | −$4.4k | −$1.76 |
| EGI | $110.5k | $44.44 |
| − OpEx | −$49.7k | −$20.00 |
| NOI | $60.8k | $24.44 |
2,487 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$868.5K
$759.9K – $1.01M
NOI $60,793 @ 7.0% cap · market cap 3.58%
Second Best
Multifamily LT 5
$588.1K
$514.6K – $686.1K
NOI $41,164 @ 7.0% cap · market cap 2.42%
Theoretical Best
Office A
$1.83M
$1.60M – $2.14M
NOI $128,341 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,763
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Detached three-family home in R5 zoning with three occupied apartments and an unfinished basement with separate entrance.
Where is this triplex located?
The property is located at 93-10 50th Avenue Elmhurst, 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: Three‑family detached Colonial frame building built in 1920; R5 zoning with private driveway; 1st‑floor unit lease expires 08/31/2026
