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3061 88th St, East Elmhurst, NY, 11369

3beds
2baths
1,900sqft
$899,000
$473price/sqft
$5,647/moest. monthly cost
$225,880/yrincome needed

About This Home

Great opportunity in the heart of East Elmhurst! This 3-bedroom, 1.5 bath tudor-style home at 30-61 88 Street offers excellent potential for buyers, investors, or end users looking to renovate and add value. The property requires renovation and is perfect for those looking to customize a home to their taste. One of the most exciting aspects of this property is its potential to convert into a two-family residence (buyer to verify), offering the possibility to generate rental income or create a multi-generational living arrangement. Whether you plan to live in one unit and rent the other or hold it as a long-term investment, the upside is significant in today's rental market. Located on a residential block with convenient access to transportation, shopping, dining, and nearby neighborhoods including Jackson Heights and Astoria. A rare opportunity to create value in a growing Queens neighborhood. Convenience is another major highlight. East Elmhurst offers easy access to public transportation, major highways, and nearby neighborhoods like Jackson Heights and Astoria, known for their diverse restaurants, shopping, and cultural scene. Local shops and eateries line Astoria Boulevard, while major destinations such as parks, stadiums, and Flushing Meadows are just a short drive away. Don’t miss this chance to build your dream home.

Getting Around

84
WalkingVery Walkable
0
TransitVery Limited Transit
76
BikeVery Bikeable

Schools

6/10
Ps 148Grades PK-50.2 mi
6/10
Is 145 Joseph PulitzerGrades 6-80.6 mi

Construction

Condition

  • Year built: 1940

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1

Interior Area

  • Total structure area: 1,900
  • Total interior livable area: 1,900 sqft

Property

Details

  • Parcel number: 013860041
  • Special condition: Resale

Features

  • Patio & porch: Other
  • Exterior features: Balcony

Parking

  • Parking features: Garage
  • Has garage: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Cold Wave
    Cold WaveModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Cold Wave
Strong Wind
Winter Weather
Tsunami

FEMA Declared Disasters in Queens County and New York

Flood
Severe Storm
Snowstorm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,545$54,540
Home Insurance *$228$2,736
Property Taxes $561$6,732
Electricity $313$3,767
Total$5,647$67,764
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$193,611/yr
40% on housing$169,410/yr
45% on housing$150,586/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 2.5%
2.5%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -0.4%
-0.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$473This listing

vs Other Active Listings

Avg $/sqft

ZIP 11369$521
Queens County$533

vs Homes Sold Last Month

Median $/sqft

ZIP 11369$576
Queens County$600

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-08Contingent$899,000
2026-05-08Pending sale$899,000
2026-04-14Listed for sale$899,000

For Sale by Agent

AgentYilun Tapia
BrokerageLaffey Real Estate

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