Two-Family Tudor
New
For Sale
$1,298,000
99-03 Ascan Avenue, Forest Hills, NY 11375
A 1925 residence near neighborhood dining, shopping, schools, and public transportation.
Property Size1,836 SF
Days on Market4
Property Features for 99-03 Ascan Avenue
General Information
Standard status
Active
Size
1,836 SF
Property subtype
Duplex
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$11,569
Building Details
Building Size
1,836 SF
Year Built
1925
Buildings
1
Construction
Classical Tudor
Listing Agency:
Trusted Property Advisors Corp
Listed By:
David Yakubov
(917) 979-6666
Source:
Serhant
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 21 at 2:12AM
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 Trusted Property Advisors Corp
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Investment Insights
Based on property information with market context.
This two-family Classical Tudor townhouse was built in 1925 and offers a residential setting in Forest Hills. Its two-family configuration supports residential occupancy with potential rental income, as described in the property information.
Ascan Avenue is near restaurants, coffee shops, schools, and shopping. The property also has access to the LIRR, subway lines, and bus routes, with Forest Hills Gardens nearby.
Ascan Avenue is near restaurants, coffee shops, schools, and shopping. The property also has access to the LIRR, subway lines, and bus routes, with Forest Hills Gardens nearby.
Key Highlights
- Two‑family Classical Tudor townhouse
- Built in 1925
- Near restaurants, coffee shops, schools, and shopping
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,880
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$897,600
$897.6K
Cap Rate 7%
$641,143
$641.1K
Cap Rate 9%
$498,667
$498.7K
Market Conditions
NOI Build-Up for 1,836 SF
Gross rent
$84.8K $46.20/SF
− Vacancy
−$3.2K −$1.76/SF
EGI
$81.6K $44.44/SF
− OpEx
−$36.7K −$20.00/SF
NOI
$44.9K $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 Rate 5%
$897,600
Cap Rate 7%
$641,143
Cap Rate 9%
$498,667
Alternative Uses
Best Use
Apartment 5plus
$641.1K
$561.0K – $748.0K
NOI $44,880 @ 7.0% cap · market cap 3.46%
Second Best
Multifamily LT 5
$434.1K
$379.9K – $506.5K
NOI $30,389 @ 7.0% cap · market cap 2.34%
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,746 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,703
Businesses Nearby
Explore this area
Business Placement
Demographics for 11375, NY
72,851
Population
35,415
Households
2.1
Avg Household Size
43
Median Age
61%
College-Educated
93%
High-School Grad
2.4 sq mi
ZIP Area
30,355
Density / Sq Mi
$104,319
Median Household Income
$75,149
Median Earnings
$2,126
Median Rent
$572,800
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 - A 1925 residence near neighborhood dining, shopping, schools, and public transportation.
Where is this duplex located?
The property is located at 99-03 Ascan Avenue Forest Hills, NY.
What is the asking price?
The asking price for this property is $1,298,000.
What are key features of this property?
This property features: Two‑family Classical Tudor townhouse; Built in 1925; Near restaurants, coffee shops, schools, and shopping
