Brick Duplex with New
For Sale
$1,588,800
94-36 45th Avenue, Elmhurst, NY 11373
Two-dwelling brick duplex built in 1975 with a brand new roof.
Property Size3,432 SF
Days on Market147
Property Features for 94-36 45th Avenue
General Information
Standard status
Active
Size
3,432 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$11,514
Building Details
Building Size
3,432 SF
Year Built
1975
Construction
brick
Listing Agency:
Winzone Realty Inc
Listed By:
Tarun Khushalani
(718) 899-7000
Source:
Barbieliteam
Added: Apr 20
Changed: Aug 31
Last Checked: Sep 13 at 12:50PM
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.
This two-dwelling brick duplex is located at 94-36 45th Avenue in Elmhurst, NY 11373. The property was built in 1975 and features a brand new roof, providing a clear improvement to the exterior and weatherproofing.
The home is described as being in the heart of Elmhurst, positioning it within a dense residential area where tenants and buyers often value everyday access.
With its duplex configuration, the property offers a straightforward residential income setup that can be considered for owner-occupant or rental-focused use, depending on the buyer’s goals.
The home is described as being in the heart of Elmhurst, positioning it within a dense residential area where tenants and buyers often value everyday access.
With its duplex configuration, the property offers a straightforward residential income setup that can be considered for owner-occupant or rental-focused use, depending on the buyer’s goals.
Key Highlights
- Two‑dwelling brick duplex at 94‑36 45th Avenue, Elmhurst, NY 11373
- Brand new roof
- Brick construction
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
$83,893
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
5.28%
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%
$1,677,860
$1.7M
Cap Rate 7%
$1,198,471
$1.2M
Cap Rate 9%
$932,144
$932.1K
Market Conditions
NOI Build-Up for 3,432 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
$158.6K $46.20/SF
− Vacancy
−$6.0K −$1.76/SF
EGI
$152.5K $44.44/SF
− OpEx
−$68.6K −$20.00/SF
NOI
$83.9K $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%
$1,677,860
Cap Rate 7%
$1,198,471
Cap Rate 9%
$932,144
Alternative Uses
Best Use
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $83,893 @ 7.0% cap · market cap 5.28%
Second Best
Multifamily LT 5
$811.5K
$710.1K – $946.8K
NOI $56,805 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$2.53M
$2.21M – $2.95M
NOI $177,108 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,789
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-dwelling brick duplex built in 1975 with a brand new roof.
Where is this duplex located?
The property is located at 94-36 45th Avenue Elmhurst, NY.
What is the asking price?
The asking price for this property is $1,588,800.
What are key features of this property?
This property features: Two‑dwelling brick duplex at 94‑36 45th Avenue, Elmhurst, NY 11373; Brand new roof; Brick construction
