Renovated 2-Family Home with
For Sale
$1,199,999
95-11 42nd Avenue, Elmhurst, NY 11373
Two-unit duplex with a renovated basement, separate entrance, and solar panels installed for energy efficiency.
Property Size1,608 SF
Days on Market159
Property Features for 95-11 42nd Avenue
General Information
Standard status
Active
Size
1,608 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$8,190
Building Details
Building Size
1,608 SF
Year Built
1920
Tenancy
Multi
Listing Agency:
Winzone Realty Inc
Listed By:
Mo Tian
(347) 200-8885
Source:
Serhant
Added: Apr 8
Changed: Sep 6
Last Checked: Sep 13 at 12:40PM
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 renovated 2-family duplex includes a spacious first-floor unit with three bedrooms and one bath plus a second-floor duplex with two bedrooms and a finished attic that functions as a large bedroom. The property also has a fully renovated basement with a separate entrance, providing additional flexibility for day-to-day use.
Built in 1920, the home has a new roof with solar panels installed, and fully paid solar panels are included. The result is an energy-efficient setup designed to help reduce utility costs.
Located at 95-11 42nd Avenue in Elmhurst, New York, the home is positioned for convenient city access, with bus service nearby and multiple subway lines reached within minutes. It is also close to everyday essentials such as supermarkets, restaurants, and banks, serving well for investors or end-users looking for a live-and-rent setup with long-term ownership.
Built in 1920, the home has a new roof with solar panels installed, and fully paid solar panels are included. The result is an energy-efficient setup designed to help reduce utility costs.
Located at 95-11 42nd Avenue in Elmhurst, New York, the home is positioned for convenient city access, with bus service nearby and multiple subway lines reached within minutes. It is also close to everyday essentials such as supermarkets, restaurants, and banks, serving well for investors or end-users looking for a live-and-rent setup with long-term ownership.
Key Highlights
- First‑floor unit: three bedrooms and one bath
- Second‑floor duplex: two bedrooms plus finished attic large bedroom
- Fully renovated basement with separate entrance
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
$39,307
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
3.28%
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%
$786,140
$786.1K
Cap Rate 7%
$561,529
$561.5K
Cap Rate 9%
$436,744
$436.7K
Market Conditions
NOI Build-Up for 1,608 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
$74.3K $46.20/SF
− Vacancy
−$2.8K −$1.76/SF
EGI
$71.5K $44.44/SF
− OpEx
−$32.2K −$20.00/SF
NOI
$39.3K $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%
$786,140
Cap Rate 7%
$561,529
Cap Rate 9%
$436,744
Alternative Uses
Best Use
Apartment 5plus
$561.5K
$491.3K – $655.1K
NOI $39,307 @ 7.0% cap · market cap 3.28%
Second Best
Multifamily LT 5
$380.2K
$332.7K – $443.6K
NOI $26,615 @ 7.0% cap · market cap 2.22%
Theoretical Best
Office A
$1.19M
$1.04M – $1.38M
NOI $82,981 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,722
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
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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-unit duplex with a renovated basement, separate entrance, and solar panels installed for energy efficiency.
Where is this duplex located?
The property is located at 95-11 42nd Avenue Elmhurst, NY.
What is the asking price?
The asking price for this property is $1,199,999.
What are key features of this property?
This property features: First‑floor unit: three bedrooms and one bath; Second‑floor duplex: two bedrooms plus finished attic large bedroom; Fully renovated basement with separate entrance
