Colonial Duplex with Two-Car
For Sale
$1,099,000
68-07 Central Avenue, Glendale, NY 11385
MULTI_FAMILY - Colonial - Glendale, NY
Property Size2,580 SF
Lot Size0.06 Acres
Price / SF$425.97
Days on Market8
Property Features for 68-07 Central Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 3, Dining Room
Parking features
Driveway
Patio and Porch features
Porch
Interior features
First Floor Bedroom, Ceiling Fan(s), Entrance Foyer, Formal Dining, Original Details, Pantry, Primary Bathroom
Basement
Storage Space, Full, Finished
Lot features
Back Yard
Elementary school
Ps 88 Seneca
Middle school
Joseph F Quinn Intermediate School 77
High school
Grover Cleveland High School
Elementary school district
Queens 24
Middle school district
Queens24
High school district
Queens24
Directions
.
Standard status
Active
APN
03656-0035
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8896
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1925
Number of units
2
Flooring type
Tile - Ceramic
Building materials
Shingle Siding
Architectural style
Colonial
Listing Agency:
Coldwell Banker American Homes · Coldwell Banker Real Estate
(516) 365-5780
Listed By:
Rita K. Budhan
(516) 365-5780
Added: Jul 29
Changed: Aug 4
Last Checked: Aug 5 at 12:06AM
MLS# 1031640
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1925, this semi-detached Colonial contains two residential units totaling 2,580 square feet, with four bedrooms and three full bathrooms. The layout includes formal dining areas, a pantry, first-floor bedroom space, a primary bathroom, ceramic tile flooring, and original details. A skylight brightens the stair area, while the full finished basement offers high ceilings along with separate entrance and exit access. Natural-gas heating, window or wall/window air-conditioning units, and shingle siding are in place.
The property occupies 0.0574 acres at 68-07 Central Avenue in Glendale, Queens County. A wide shared driveway leads to a detached two-car garage, complemented by a porch. Public water and public sewer serve the property. The two units do not have leases, and the home is located near public transportation, shopping, schools, and neighborhood amenities.
The property occupies 0.0574 acres at 68-07 Central Avenue in Glendale, Queens County. A wide shared driveway leads to a detached two-car garage, complemented by a porch. Public water and public sewer serve the property. The two units do not have leases, and the home is located near public transportation, shopping, schools, and neighborhood amenities.
Key Highlights
- 2,580‑square‑foot semi‑detached duplex with two residential units
- Four bedrooms and three full bathrooms
- Full finished basement with high ceilings and separate entrance and exit access
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $119.2k | $46.20 |
| − Vacancy | −$4.5k | −$1.76 |
| EGI | $114.7k | $44.44 |
| − OpEx | −$51.6k | −$20.00 |
| NOI | $63.1k | $24.44 |
2,580 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$901.0K
$788.3K – $1.05M
NOI $63,067 @ 7.0% cap · market cap 5.74%
Second Best
Multifamily LT 5
$610.0K
$533.8K – $711.7K
NOI $42,703 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$1.90M
$1.66M – $2.22M
NOI $133,140 @ 7.0% cap · market cap 12.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,923
Businesses Nearby
Explore this area
Business Placement
Demographics for 11385, NY
100,883
Population
40,175
Households
2.5
Avg Household Size
36
Median Age
34%
College-Educated
84%
High-School Grad
3.6 sq mi
ZIP Area
28,023
Density / Sq Mi
$87,365
Median Household Income
$47,335
Median Earnings
$1,959
Median Rent
$842,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Semi-detached two-unit home with a finished basement, shared driveway, and public utilities.
Where is this duplex located?
The property is located at 68-07 Central Avenue Glendale, NY.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: 2,580‑square‑foot semi‑detached duplex with two residential units; Four bedrooms and three full bathrooms; Full finished basement with high ceilings and separate entrance and exit access
