Brick Duplex with
New
For Sale
$1,550,000
150-55 77th Avenue, Kew Garden Hills, NY 11367
Legal two-family residence with separate entrances, multiple bedrooms, and a private rear porch.
Property Size2,430 SF
Price / SF$637.86
Days on Market7
Property Features for 150-55 77th Avenue
General Information
Standard status
Active
Size
2,430 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$12,118
Building Details
Building Size
2,430 SF
Year Built
1955
Listing Agency:
Olam Realty Group
(718) 831-2891
Listed By:
Shlomo Meirov
Source:
Cbwarburg
Added: Aug 4
Changed: Aug 10
Last Checked: Aug 10 at 5:25AM
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 Olam Realty Group
Investment Insights
Based on property information with market context.
This 2,430-square-foot legal two-family residence was built in 1955 and expanded as a solid brick property. The upper residence spans the second and third floors, with a living room, formal dining room, full kitchen, rear porch access, one bedroom, powder room, four additional bedrooms, two full bathrooms, custom closets, and a laundry area with washer/dryer. The first-floor apartment has its own front and rear entrances, along with a full kitchen, one bedroom, and one full bathroom.
The property includes parking and is located at 150-55 77th Avenue in Kew Garden Hills, NY 11367. Its two-unit configuration accommodates separate occupancy within a single residential property.
The property includes parking and is located at 150-55 77th Avenue in Kew Garden Hills, NY 11367. Its two-unit configuration accommodates separate occupancy within a single residential property.
Key Highlights
- Legal two‑family duplex with 2,430 square feet of building area
- Solid brick construction with expansion; built in 1955
- Upper residence includes 5 bedrooms, 2 full baths, a powder room, and laundry
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
$59,400
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
3.83%
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%
$1,188,000
$1.2M
Cap Rate 7%
$848,571
$848.6K
Cap Rate 9%
$660,000
$660.0K
Market Conditions
NOI Build-Up for 2,430 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
$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 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%
$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
NOI $59,400 @ 7.0% cap · market cap 3.83%
Second Best
Multifamily LT 5
$574.6K
$502.8K – $670.3K
NOI $40,220 @ 7.0% cap · market cap 2.59%
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,400 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family residence with separate entrances, multiple bedrooms, and a private rear porch.
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 duplex with 2,430 square feet of building area; Solid brick construction with expansion; built in 1955; Upper residence includes 5 bedrooms, 2 full baths, a powder room, and laundry
