Two-Family Duplex With
For Sale
$895,000
11611 207th St, Cambria Heights, NY 11411
Legal duplex with separate three-bedroom and one-bedroom living arrangements in Cambria Heights.
Property Size1,572 SF
Price / SF$569.34
Days on Market22
Property Features for 11611 207th St
General Information
Standard status
Active
Size
1,572 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR, 1 x 1BR
Multifamily Units
2
Building Details
Year Built
1930
Listing Agency:
YourHomeSold Guaranteed Realty
(914) 410-1839
Listed By:
Ishwar Rameshar
Source:
Jaida.mappmyhome
Added: Aug 10
Changed: Aug 30
Last Checked: Aug 30 at 6:12PM
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 YourHomeSold Guaranteed Realty
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.
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 = 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
$38,427
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
4.29%
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%
$768,540
$768.5K
Cap Rate 7%
$548,957
$549.0K
Cap Rate 9%
$426,967
$427.0K
Market Conditions
NOI Build-Up for 1,572 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
$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 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%
$768,540
Cap Rate 7%
$548,957
Cap Rate 9%
$426,967
Alternative Uses
Best Use
Apartment 5plus
$549.0K
$480.3K – $640.5K
NOI $38,427 @ 7.0% cap · market cap 4.29%
Second Best
Multifamily LT 5
$371.7K
$325.2K – $433.7K
NOI $26,019 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $81,123 @ 7.0% cap · market cap 9.06%
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
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
Questions? Ask Rey
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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 $895,000.
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
