Brick Duplex with Detached
For Sale
$1,180,000
8561 67th Avenue, Rego Park, NY 11374
Residential Income, Rego Park, NY
Property Size1,360 SF
Lot Size0.07 Acres
Price / SF$867.65
Days on Market45
Property Features for 8561 67th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bathroom 3, Basement, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 4
Parking features
Garage
Interior features
Ceiling Fan(s)
Basement
Full
Elementary school
Ps 174 William Sidney Mount
Middle school
Jhs 190 Russell Sage
High school
Queens Metropolitan High School
Elementary school district
Queens 28
Middle school district
Queens 28
High school district
Queens 28
Standard status
Active
APN
03144-0017
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9401
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1932
Number of units
2
Building materials
Brick, Stucco
Listing Agency:
Prospes Real Estate Corp
(718) 321-2800
Listed By:
Huanyan Li · License #10401267841
(347) 885-8668
Added: Jul 31
Changed: Sep 12
Last Checked: Sep 13 at 3:06AM
MLS# 1033346
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.
Located at 8561 67th Avenue in Rego Park, this semi-attached duplex contains approximately 1,360 square feet of residential living area on a 3,069-square-foot lot. The layout includes two family residences, a basement, four bedrooms, and three bathrooms. Brick and stucco construction, natural-gas heating, ceiling fans, and wall or window cooling units are documented. A detached two-car garage adds private parking and storage capacity.
The property is near shopping, dining, schools, parks, and public transportation in Rego Park, Queens. Public water and public sewer serve the property, with water available listed among the utilities. Built in 1932, the home offers a two-family configuration with additional basement space and garage improvements.
The property is near shopping, dining, schools, parks, and public transportation in Rego Park, Queens. Public water and public sewer serve the property, with water available listed among the utilities. Built in 1932, the home offers a two-family configuration with additional basement space and garage improvements.
Key Highlights
- Approximately 1,360 square feet of residential living space
- 3,069‑square‑foot lot totaling 0.07 acres
- Semi‑attached two‑family duplex with basement
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
$33,244
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
2.82%
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%
$664,880
$664.9K
Cap Rate 7%
$474,914
$474.9K
Cap Rate 9%
$369,378
$369.4K
Market Conditions
NOI Build-Up for 1,360 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
$62.8K $46.20/SF
− Vacancy
−$2.4K −$1.76/SF
EGI
$60.4K $44.44/SF
− OpEx
−$27.2K −$20.00/SF
NOI
$33.2K $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%
$664,880
Cap Rate 7%
$474,914
Cap Rate 9%
$369,378
Alternative Uses
Best Use
Apartment 5plus
$474.9K
$415.6K – $554.1K
NOI $33,244 @ 7.0% cap · market cap 2.82%
Second Best
Multifamily LT 5
$321.6K
$281.4K – $375.2K
NOI $22,510 @ 7.0% cap · market cap 1.91%
Theoretical Best
Office A
$1.00M
$877.3K – $1.17M
NOI $70,183 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,413
Businesses Nearby
Explore this area
Business Placement
Demographics for 11374, NY
47,129
Population
21,197
Households
2.2
Avg Household Size
43
Median Age
51%
College-Educated
90%
High-School Grad
0.9 sq mi
ZIP Area
52,366
Density / Sq Mi
$86,333
Median Household Income
$58,309
Median Earnings
$1,957
Median Rent
$484,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Semi-attached two-family property with basement space, private parking, and residential income potential.
Where is this duplex located?
The property is located at 8561 67th Avenue Rego Park, NY.
What is the asking price?
The asking price for this property is $1,180,000.
What are key features of this property?
This property features: Approximately 1,360 square feet of residential living space; 3,069‑square‑foot lot totaling 0.07 acres; Semi‑attached two‑family duplex with basement
