Three-Unit Colonial
For Sale
$1,700,000
93-10 50th Avenue, Elmhurst, NY 11373
The detached property includes private driveway parking and a full unfinished basement with a separate entrance.
Property Size2,487 SF
Lot Size0.07 Acres
Price / SF$683.55
Days on Market9
Property Features for 93-10 50th Avenue
General Information
Standard status
Active
Size
2,487 SF
Total Parking Spaces
3
Lot size
0.07 Acres
Property subtype
Residential Income
Zoning
R5
Occupancy
100%
Units
Unit Mix
2 x 3BR/1BA, 1 x 4BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$9,298
Amenities
private driveway
unfinished basement with separate entrance
Full,Unfinished
3
No
Yes
10
Other
Full, Unfinished
2487
Building Details
Building Size
2,487 SF
Year Built
1920
Buildings
1
Construction
Colonial
Tenancy
Multi
Listing Agency:
Winzone Realty Inc
(516) 703-2918
Listed By:
Amandeep Kakar
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 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 Winzone Realty Inc
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Investment Insights
Based on property information with market context.
This detached Colonial triplex contains three occupied apartments. The first and second floors each have a living room, eat-in kitchen, three bedrooms and a full bathroom; the third-floor unit has a small living room, eat-in kitchen, four bedrooms and a full bathroom. A full unfinished basement has its own entrance. The building measures 22 by 45 feet on a 30-by-95-foot lot and is zoned R5.
A private driveway provides three parking spaces. The property is at 93-10 50th Avenue in Elmhurst, near transportation, restaurants, a supermarket, a school and a commercial area. The building dates to 1920 and has 2,487 square feet. The apartments are currently occupied, with lease information varying by unit.
A private driveway provides three parking spaces. The property is at 93-10 50th Avenue in Elmhurst, near transportation, restaurants, a supermarket, a school and a commercial area. The building dates to 1920 and has 2,487 square feet. The apartments are currently occupied, with lease information varying by unit.
Key Highlights
- Three‑unit detached Colonial with 2,487 square feet
- Three apartments: two with 3 bedrooms and one with 4 bedrooms
- 22‑by‑45‑foot building on a 30‑by‑95‑foot lot; R5 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,793
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,215,860
$1.2M
Cap Rate 7%
$868,471
$868.5K
Cap Rate 9%
$675,478
$675.5K
Market Conditions
NOI Build-Up for 2,487 SF
Gross rent
$114.9K $46.20/SF
− Vacancy
−$4.4K −$1.76/SF
EGI
$110.5K $44.44/SF
− OpEx
−$49.7K −$20.00/SF
NOI
$60.8K $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%
$1,215,860
Cap Rate 7%
$868,471
Cap Rate 9%
$675,478
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.
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Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The detached property includes private driveway parking and a full unfinished basement with a 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‑unit detached Colonial with 2,487 square feet; Three apartments: two with 3 bedrooms and one with 4 bedrooms; 22‑by‑45‑foot building on a 30‑by‑95‑foot lot; R5 zoning
