Two-Unit Duplex with
24-27 78th Street, Queens, NY 11370
For Sale
$999,000
Separate residences offer a two-bedroom upper layout and a one-bedroom lower layout.
Property Size2,086 SF
Price / SF$478.91
Days on Market27
Property Features for 24-27 78th Street
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
covered balcony
private outdoor area
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Compass
Listed By:
John Constantinides · License #10401359347
(917) 903-1606
Source:
Archpointadvisory
Added: Oct 12
Changed: Nov 7
Last Checked: Nov 6 at 2:54PM
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 Compass
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Investment Insights
Based on property information with market context.
Built in 1955, this 2,086-square-foot duplex has two residences. The upper unit includes two bedrooms, a bathroom, kitchen, dining area, living room, and covered balcony. The lower unit has one bedroom, an open living room, an eat-in kitchen, and access to a private outdoor area.
A large one-car garage and an additional parking space in front are included. The property is near shopping, dining, and public transportation.
A large one-car garage and an additional parking space in front are included. The property is near shopping, dining, and public transportation.
Key Highlights
- 2,086‑square‑foot duplex built in 1955
- Upper residence has 2 bedrooms and a covered balcony
- Lower residence has 1 bedroom and a private outdoor area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,991
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,019,820
$1.0M
Cap Rate 7%
$728,443
$728.4K
Cap Rate 9%
$566,567
$566.6K
Market Conditions
NOI Build-Up for 2,086 SF
Gross rent
$96.4K $46.20/SF
− Vacancy
−$3.7K −$1.76/SF
EGI
$92.7K $44.44/SF
− OpEx
−$41.7K −$20.00/SF
NOI
$51.0K $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%
$1,019,820
Cap Rate 7%
$728,443
Cap Rate 9%
$566,567
Alternative Uses
Best Use
Apartment 5plus
$728.4K
$637.4K – $849.9K
NOI $50,991 @ 7.0% cap · market cap 5.10%
Second Best
Multifamily LT 5
$493.2K
$431.6K – $575.5K
NOI $34,527 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$1.54M
$1.35M – $1.79M
NOI $107,648 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,105
Businesses Nearby
Explore this area
Business Placement
Demographics for 11370, NY
34,683
Population
11,679
Households
3
Avg Household Size
38
Median Age
25%
College-Educated
77%
High-School Grad
1.5 sq mi
ZIP Area
23,122
Density / Sq Mi
$74,895
Median Household Income
$43,313
Median Earnings
$2,071
Median Rent
$843,600
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Queens, NY
Properties on Market for Duplexes in Queens
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate residences offer a two-bedroom upper layout and a one-bedroom lower layout.
Where is this duplex located?
The property is located at 24-27 78th Street Queens, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 2,086‑square‑foot duplex built in 1955; Upper residence has 2 bedrooms and a covered balcony; Lower residence has 1 bedroom and a private outdoor area
