Two-Family Duplex with
108-31 64th Avenue, Forest Hills, NY 11375
For Sale
$1,380,000
Pending
Two two-bedroom residences are paired with private off-street parking and access to nearby subway stations.
Property Size1,700 SF
Days on Market20
Property Features for 108-31 64th Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
Finished,Full,Walk-Out Access
Hardwood
2
No
Yes
4
First Floor Bedroom,First Floor Full Bath
Finished, Full, Walk-Out Access
Public
Assigned, Detached, Driveway
1700
Building Details
Building Size
Year Built
Buildings
Listing Agency:
SCY Realty Team Corp
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 20
Changed: Nov 7
Last Checked: Nov 7 at 7:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SCY Realty Team Corp
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Investment Insights
Based on property information with market context.
This 1,700-square-foot duplex contains two residences, each arranged with two bedrooms. The property was built in 1945 and includes a private driveway with space for two cars, along with finished, walk-out-access areas and hardwood flooring.
Subway service is available at the 67th Avenue Station, served by the M and R lines, and Forest Hills–71st Avenue Station, served by the E, F, M, and R lines. Shopping, dining, and parks are also in the surrounding Forest Hills area.
Subway service is available at the 67th Avenue Station, served by the M and R lines, and Forest Hills–71st Avenue Station, served by the E, F, M, and R lines. Shopping, dining, and parks are also in the surrounding Forest Hills area.
Key Highlights
- Two residences, each with a two‑bedroom layout
- 1,700 square feet
- Private driveway accommodates two cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,556
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$831,120
$831.1K
Cap Rate 7%
$593,657
$593.7K
Cap Rate 9%
$461,733
$461.7K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$78.5K $46.20/SF
− Vacancy
−$3.0K −$1.76/SF
EGI
$75.6K $44.44/SF
− OpEx
−$34.0K −$20.00/SF
NOI
$41.6K $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 Rate 5%
$831,120
Cap Rate 7%
$593,657
Cap Rate 9%
$461,733
Alternative Uses
Best Use
Apartment 5plus
$593.7K
$519.5K – $692.6K
NOI $41,556 @ 7.0% cap · market cap 3.01%
Second Best
Multifamily LT 5
$402.0K
$351.7K – $469.0K
NOI $28,138 @ 7.0% cap · market cap 2.04%
Theoretical Best
Office A
$1.25M
$1.10M – $1.46M
NOI $87,728 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
6,047
Businesses Nearby
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Business Placement
Demographics for 11375, NY
72,851
Population
35,415
Households
2.1
Avg Household Size
43
Median Age
61%
College-Educated
93%
High-School Grad
2.4 sq mi
ZIP Area
30,355
Density / Sq Mi
$104,319
Median Household Income
$75,149
Median Earnings
$2,126
Median Rent
$572,800
Median Home Value
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Market
Properties on Market for Duplexes in Forest Hills
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two two-bedroom residences are paired with private off-street parking and access to nearby subway stations.
Where is this duplex located?
The property is located at 108-31 64th Avenue Forest Hills, NY.
What is the asking price?
The asking price for this property is $1,380,000.
What are key features of this property?
This property features: Two residences, each with a two‑bedroom layout; 1,700 square feet; Private driveway accommodates two cars
