Two-Unit Duplex with
New
For Sale
$1,398,888
Pending
94-20 32nd Avenue, East Elmhurst, NY 11369
Separate three-bedroom and four-bedroom residences are complemented by a finished basement and backyard.
Property Size2,500 SF
Days on Market4
Property Features for 94-20 32nd Avenue
General Information
Standard status
Pending
Size
2,500 SF
Total Parking Spaces
2
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR, 1 x 4BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,318
Amenities
finished basement
spacious backyard
Finished,Full
2
No
Yes
7
Skylight(s)
Eat-in Kitchen
Finished, Full
Public
Shared Driveway
Concrete Perimeter
Building Details
Year Built
1925
Listing Agency:
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 4:20PM
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 Geralda Desir
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Investment Insights
Based on property information with market context.
This detached duplex contains two apartments: a three-bedroom unit on the first floor and a four-bedroom unit above. The property includes a finished basement with an outside entrance, a two-car garage, and a backyard. Built in 1925, the building measures 2,500 square feet.
Public transportation, shopping, restaurants, banks, pharmacies, and parks are among the nearby amenities. Flushing Meadows–Corona Park, Citi Field, the USTA Billie Jean King National Tennis Center, and LaGuardia Airport are also within minutes.
Public transportation, shopping, restaurants, banks, pharmacies, and parks are among the nearby amenities. Flushing Meadows–Corona Park, Citi Field, the USTA Billie Jean King National Tennis Center, and LaGuardia Airport are also within minutes.
Key Highlights
- Detached two‑apartment building with three bedrooms on the first floor and four on the second
- Finished basement with outside entrance
- Two‑car garage and shared driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,111
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,222,220
$1.2M
Cap Rate 7%
$873,014
$873.0K
Cap Rate 9%
$679,011
$679.0K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$115.5K $46.20/SF
− Vacancy
−$4.4K −$1.76/SF
EGI
$111.1K $44.44/SF
− OpEx
−$50.0K −$20.00/SF
NOI
$61.1K $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%
$1,222,220
Cap Rate 7%
$873,014
Cap Rate 9%
$679,011
Alternative Uses
Best Use
Apartment 5plus
$873.0K
$763.9K – $1.02M
NOI $61,111 @ 7.0% cap · market cap 4.37%
Second Best
Multifamily LT 5
$591.1K
$517.2K – $689.7K
NOI $41,379 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $129,012 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,733
Businesses Nearby
Explore this area
Business Placement
Demographics for 11369, NY
40,805
Population
13,893
Households
2.9
Avg Household Size
37
Median Age
24%
College-Educated
79%
High-School Grad
1.1 sq mi
ZIP Area
37,095
Density / Sq Mi
$80,577
Median Household Income
$40,089
Median Earnings
$1,983
Median Rent
$734,900
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?
Duplex - Separate three-bedroom and four-bedroom residences are complemented by a finished basement and backyard.
Where is this duplex located?
The property is located at 94-20 32nd Avenue East Elmhurst, NY.
What is the asking price?
The asking price for this property is $1,398,888.
What are key features of this property?
This property features: Detached two‑apartment building with three bedrooms on the first floor and four on the second; Finished basement with outside entrance; Two‑car garage and shared driveway
