Duplex with Finished
New
For Sale
$1,078,000
95-11 42nd Avenue, Elmhurst, NY 11373
Two residential units have distinct layouts, complemented by owned solar panels and a finished basement with a separate entrance.
Property Size2,412 SF
Days on Market5
Property Features for 95-11 42nd Avenue
General Information
Standard status
Active
Size
2,412 SF
Property subtype
Duplex
Units
Unit Mix
1 x 3BR, 1 x 1BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,038
Building Details
Building Size
2,412 SF
Year Built
1920
Buildings
1
Listing Agency:
NY Superior Realty
Listed By:
Saundra C. Avalos
(718) 205-7770
Source:
Barbieliteam
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 2:21PM
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 NY Superior Realty
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Investment Insights
Based on property information with market context.
This duplex contains two apartments with different configurations. The first-floor unit has three bedrooms, a living room, and an eat-in kitchen; one bedroom is within a legal 10' x 15' extension. The second-floor apartment continues into the attic, with a living room and bedroom on its main level and additional upper-level space. A finished basement has its own entrance, two rooms, a small living or office area, a renovated bathroom, and a boiler room. The property also has a recently installed roof and owned solar panels that transfer with the sale.
The home is approximately 3 blocks from the Junction Boulevard 7 train station and is served by the Q72 bus line. Roosevelt Avenue, restaurants, shops, and everyday services are nearby. The property can be delivered vacant.
The home is approximately 3 blocks from the Junction Boulevard 7 train station and is served by the Q72 bus line. Roosevelt Avenue, restaurants, shops, and everyday services are nearby. The property can be delivered vacant.
Key Highlights
- Two apartments, including a first‑floor unit with three bedrooms
- Legal 10' x 15' extension adds space to the first‑floor apartment
- Upper apartment spans the second floor and attic, with additional space upstairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,960
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,179,200
$1.2M
Cap Rate 7%
$842,286
$842.3K
Cap Rate 9%
$655,111
$655.1K
Market Conditions
NOI Build-Up for 2,412 SF
Gross rent
$111.4K $46.20/SF
− Vacancy
−$4.2K −$1.76/SF
EGI
$107.2K $44.44/SF
− OpEx
−$48.2K −$20.00/SF
NOI
$59.0K $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%
$1,179,200
Cap Rate 7%
$842,286
Cap Rate 9%
$655,111
Alternative Uses
Best Use
Apartment 5plus
$842.3K
$737.0K – $982.7K
NOI $58,960 @ 7.0% cap · market cap 5.47%
Second Best
Multifamily LT 5
$570.3K
$499.0K – $665.4K
NOI $39,922 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$1.78M
$1.56M – $2.07M
NOI $124,471 @ 7.0% cap · market cap 11.55%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
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
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units have distinct layouts, complemented by owned solar panels and a finished basement with a separate entrance.
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 $1,078,000.
What are key features of this property?
This property features: Two apartments, including a first‑floor unit with three bedrooms; Legal 10' x 15' extension adds space to the first‑floor apartment; Upper apartment spans the second floor and attic, with additional space upstairs
