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Presented by
Wendy Slater Loring |
79-20 Kneeland Avenue, Elmhurst, NY, 11373 | $1,900,000
Elmhurst Queens 3-Unit Multi-Family – Legal 2-Family with Accessory Unit, Garage & Backyard Welcome to this well-maintained brick 3-unit property in Elmhurst, Queens, offering approximately 4, 400 sq ft of living space and exceptional flexibility for both investors and end-users. Configured as a legal 2-family with an accessory unit (C/O in place), this home delivers strong income potential in one of Queens’ most in-demand neighborhoods. Property Highlights: Building Size: 21’ x 55’ Approx. 4, 400 Sq Ft Interior 3-unit layout (legal 2-family + accessory unit) Gas heating system Roof, boiler, and hot water heater updated within the last 3 years Private garage + backyard Multiple balconies for added outdoor space Layout Overview: First Floor: Garage + 1-bedroom, 1-bathroom unit (3 rooms) Second Floor: Spacious 3-bedroom, 1. 5-bathroom unit with balcony (6 rooms) – Delivered vacant at closing Third Floor: 3-bedroom, 1. 5-bathroom unit with balcony (6 rooms) Finished Basement: Additional living space featuring laundry room, 1 bedroom, and 1. 5 bathrooms Rental Income & Value-Add Opportunity: 1st Floor: $2, 000/month (month-to-month) 3rd Floor: $3, 300/month (month-to-month) 2nd Floor: Vacant – ideal for owner-occupancy or market-rate rental to maximize cash flow This is a standout opportunity for buyers searching for an Elmhurst multi-family home, Queens income property, or a 3-unit investment property in NYC. Live in one unit while generating income from the others, or fully lease for strong long-term returns. Prime Elmhurst Location: Conveniently located near shopping, restaurants, schools, and public transportation, with easy access to subways, buses, and major highways, making commuting throughout Queens, Manhattan, and NYC seamless. Elmhurst continues to be a high-demand rental market, making this a smart and strategic investment.
Features
- Bedrooms: 7
- Baths: 5 full
- Laundry: Common Area, In Basement
- Style: Triplex
- Year Built: 1975
- Garage: 1-car
- Heating: Natural Gas
- Cooling: Central Air
- Basement: Finished, Full, Walk-Out Access
- Est. Taxes: $11,723
- School District: Queens24
- MLS#: 989759
- Days on Market: 17 days
- Website: https://www.raveis.com
/eprop/989759/7920kneelandavenue_elmhurst_ny?source=qrflyer
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Wendy Slater LoringLicensed Real Estate Salesperson
914.672.1356
Wendy.Loring@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Vincent DiMellaVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 24240
914.494.1459
Vincent.DiMella@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Jennifer HartRegional Sales Manager, William Raveis Insurance
978.457.6220
Jennifer.Hart@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
79-20 Kneeland Avenue, Elmhurst, NY, 11373
$1,900,000
Wendy Slater Loring
Licensed Real Estate Salesperson
William Raveis Real Estate
Phone: 914.672.1356
Wendy.Loring@raveis.com
Vincent DiMella
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 914.494.1459
Vincent.DiMella@raveis.com
NMLS Mortgage Loan Originator ID 24240
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,520,000 | $1,520,000 | $1,520,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.349% | 6.183% |
| Monthly Tax Payment | $977 | $977 | $977 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,630 | $9,359 | $12,827 |
| Total Monthly Payment | $9,732 | $10,461 | $13,929 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535