Building Details

Building Size 2,430 SF

Year Built 1955

Listing Agency: Olam Realty Group Show Phone

Listed By: Donna Francavilla

Source: Hedgestonehomes

Added: Oct 21 Changed: Oct 28 Last Checked: Oct 28 at 3:03PM

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Investment Insights

Based on property information with market context.

This 2,430-square-foot brick duplex, built in 1955, contains two residences. The upper home spans the second and third floors, with a living room, dining room, kitchen, one bedroom and powder room on the second floor. Four additional bedrooms, two full bathrooms and a laundry area occupy the third floor. The kitchen opens to a rear porch. A separate first-floor apartment includes a kitchen, one bedroom and a full bathroom, with entrances at the front and rear. Hardwood and tile are among the interior finishes, and the property has a balcony and shared driveway parking.

The property is at 150-55 77th Avenue in Kew Garden Hills, New York.

Key Highlights

• Legal two‑family property with 2,430 square feet
• Upper residence has five bedrooms, two full bathrooms and a powder room
• Separate first‑floor apartment includes one bedroom, kitchen and full bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$59,400

Cap Rate

3.83%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,188,000 $1.2M

Cap Rate 7%

$848,571 $848.6K

Cap Rate 9%

$660,000 $660.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,430 SF

Gross rent

$112.3K $46.20/SF

− Vacancy

−$4.3K −$1.76/SF

EGI

$108.0K $44.44/SF

− OpEx

−$48.6K −$20.00/SF

NOI

$59.4K $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%

$1,188,000

Cap Rate 7%

$848,571

Cap Rate 9%

$660,000

Alternative Uses

Best Use

Apartment 5plus

$848.6K

$742.5K – $990.0K (±1% cap)

NOI $59,400 @ 7.0% cap · market cap 3.83%

Second Best

Multifamily LT 5

$574.6K

$502.8K – $670.3K (±1% cap)

NOI $40,220 @ 7.0% cap · market cap 2.59%

Theoretical Best

Office A

$1.79M

$1.57M – $2.09M (±1% cap)

NOI $125,400 @ 7.0% cap · market cap 8.09%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Location Intelligence

Trade Area within ½ mile

1,737

Businesses Nearby

Explore this area Business Placement

Demographics for 11367, NY

43,112

Population

15,693

Households

2.7

Avg Household Size

37

Median Age

46%

College-Educated

84%

High-School Grad

1.9 sq mi

ZIP Area

22,691

Density / Sq Mi

$75,804

Median Household Income

$45,052

Median Earnings

$1,774

Median Rent

$519,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - A separate first-floor residence has its own front and rear entrances, kitchen, bedroom, and full bath.

Where is this duplex located?

The property is located at 150-55 77th Avenue Kew Garden Hills, 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 property with 2,430 square feet; Upper residence has five bedrooms, two full bathrooms and a powder room; Separate first‑floor apartment includes one bedroom, kitchen and full bathroom