Colonial Two-Family Duplex with
For Sale
$1,550,000
6912 Cloverdale Boulevard, Oakland Gardens, NY 11364
MULTI_FAMILY - Colonial - Oakland Gardens, NY
Property Size2,340 SF
Lot Size0.09 Acres
Price / SF$662.39
Days on Market160
Property Features for 6912 Cloverdale Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 6, Bedroom 5, Bedroom 3, Bathroom 1, Basement, Bedroom 4, Bedroom 2, Bathroom 3, Bedroom 1, Dining Room
Parking features
Driveway
Interior features
First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen, Formal Dining, Primary Bathroom, Washer/Dryer Hookup
Basement
Partially Finished
Elementary school
Ps 213 Carl Ullman School
Middle school
Jhs 74 Nathaniel Hawthorne
High school
Benjamin N Cardozo High School
Elementary school district
Queens 26
Middle school district
Queens 26
High school district
Queens 26
Standard status
Active
APN
07685-0010
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
11617
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Water source
Public
Building Details
Year built
1950
Number of units
2
Flooring type
Carpet, Hardwood
Building materials
Brick, Frame
Architectural style
Colonial
Listing Agency:
Douglas Elliman Real Estate
(718) 631-8900
Listed By:
HakBin Ahn CBR GRI
(917) 533-6710
Added: Mar 6
Changed: Aug 3
Last Checked: Aug 13 at 12:06AM
MLS# 968289
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.
This legal two-family duplex offers a colonial-style structure built in 1950 and totaling 2,340 square feet, with 6 bedrooms and 2.5 bathrooms. The home is preserved in its original condition and requires renovations and updates, creating a strong opportunity to tailor finishes and layout details. Interior features include an eat-in kitchen, formal dining, first-floor bedroom and full bath, and washer/dryer hookup, with carpet and hardwood flooring. A basement is also included.
Set on a 40' x 100' lot, the property includes a driveway and a private backyard space. Public utilities are available with public water and public sewer.
The residence is positioned within Queens’ Oakland Gardens area, with school zoning noted for PS 213, JHS 74, and Benjamin N. Cardozo High School, and access to nearby transportation options including QM5, QM8, and QM35 express buses to Manhattan. Outdoor options mentioned include Alley Pond Park and Vanderbilt Motor Parkway.
Set on a 40' x 100' lot, the property includes a driveway and a private backyard space. Public utilities are available with public water and public sewer.
The residence is positioned within Queens’ Oakland Gardens area, with school zoning noted for PS 213, JHS 74, and Benjamin N. Cardozo High School, and access to nearby transportation options including QM5, QM8, and QM35 express buses to Manhattan. Outdoor options mentioned include Alley Pond Park and Vanderbilt Motor Parkway.
Key Highlights
- Legal two‑family duplex in original condition, requiring renovations and updates
- 6 bedrooms and 2.5 bathrooms in the main 2,340‑square‑foot structure
- Colonial style built in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$57,200
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,144,000
$1.1M
Cap Rate 7%
$817,143
$817.1K
Cap Rate 9%
$635,556
$635.6K
Market Conditions
NOI Build-Up for 2,340 SF
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.
Gross rent
$108.1K $46.20/SF
− Vacancy
−$4.1K −$1.76/SF
EGI
$104.0K $44.44/SF
− OpEx
−$46.8K −$20.00/SF
NOI
$57.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,144,000
Cap Rate 7%
$817,143
Cap Rate 9%
$635,556
Alternative Uses
Best Use
Apartment 5plus
$817.1K
$715.0K – $953.3K
NOI $57,200 @ 7.0% cap · market cap 3.69%
Second Best
Multifamily LT 5
$553.3K
$484.1K – $645.5K
NOI $38,731 @ 7.0% cap · market cap 2.50%
Theoretical Best
Office A
$1.73M
$1.51M – $2.01M
NOI $120,755 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
669
Businesses Nearby
Explore this area
Business Placement
Demographics for 11364, NY
37,032
Population
14,527
Households
2.5
Avg Household Size
45
Median Age
49%
College-Educated
86%
High-School Grad
2.5 sq mi
ZIP Area
14,813
Density / Sq Mi
$101,222
Median Household Income
$55,295
Median Earnings
$2,330
Median Rent
$770,100
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 - Legal two-family duplex with 6 bedrooms and 2.5 baths, built in 1950 and ready for renovations and updates.
Where is this duplex located?
The property is located at 6912 Cloverdale Boulevard Oakland Gardens, NY.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Legal two‑family duplex in original condition, requiring renovations and updates; 6 bedrooms and 2.5 bathrooms in the main 2,340‑square‑foot structure; Colonial style built in 1950
