Building Details

Year Built 1930

Listing Agency: YourHomeSold Guaranteed Realty

Listed By: Ishwar Rameshar Show Phone

Source: Jaida.mappmyhome

Added: Aug 9 Changed: Oct 10 Last Checked: Oct 16 at 9:07AM

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Investment Insights

Based on property information with market context.

This legal two-family duplex in Cambria Heights features a three-bedroom residence positioned above a separate one-bedroom unit. A basement provides additional interior space and storage. The property was built in 1930 and is presented in move-in ready condition.

The home is located near shopping, schools, transportation, major roadways, and everyday amenities. Its two-unit configuration supports multiple household arrangements, including owner occupancy with an additional residential unit or use by an extended family.

Key Highlights

• Legal two‑family duplex with a three‑bedroom unit over a one‑bedroom unit
• Basement offers additional space and storage
• Built in 1930

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$38,427

Cap Rate

4.49%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$768,540 $768.5K

Cap Rate 7%

$548,957 $549.0K

Cap Rate 9%

$426,967 $427.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,572 SF

Gross rent

$72.6K $46.20/SF

− Vacancy

−$2.8K −$1.76/SF

EGI

$69.9K $44.44/SF

− OpEx

−$31.4K −$20.00/SF

NOI

$38.4K $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%

$768,540

Cap Rate 7%

$548,957

Cap Rate 9%

$426,967

Alternative Uses

Best Use

Apartment 5plus

$549.0K

$480.3K – $640.5K (±1% cap)

NOI $38,427 @ 7.0% cap · market cap 4.49%

Second Best

Multifamily LT 5

$371.7K

$325.2K – $433.7K (±1% cap)

NOI $26,019 @ 7.0% cap · market cap 3.04%

Theoretical Best

Office A

$1.16M

$1.01M – $1.35M (±1% cap)

NOI $81,123 @ 7.0% cap · market cap 9.49%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Gym & Fitness Center Skin Care Clinic Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

1,415

Businesses Nearby

Explore this area Business Placement

Demographics for 11411, NY

19,579

Population

6,775

Households

2.9

Avg Household Size

45

Median Age

36%

College-Educated

92%

High-School Grad

1.2 sq mi

ZIP Area

16,316

Density / Sq Mi

$118,393

Median Household Income

$52,378

Median Earnings

$1,605

Median Rent

$621,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Legal duplex with separate three-bedroom and one-bedroom living arrangements in Cambria Heights.

Where is this duplex located?

The property is located at 11611 207th St Cambria Heights, NY.

What is the asking price?

The asking price for this property is $855,000.

What are key features of this property?

This property features: Legal two‑family duplex with a three‑bedroom unit over a one‑bedroom unit; Basement offers additional space and storage; Built in 1930