Duplex with Finished
24062 68th Avenue Unit 57, Little Neck, NY 11362
For Sale
New
$1,200,000
The condominium includes a two-bedroom accessory apartment with separate entrances.
Property Size2,310 SF
Price / SF$519.48
Days on Market7
Property Features for 24062 68th Avenue Unit 57
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
HOA Fee
Taxes and HOA fees
Annual Taxes
Amenities
hardwood floors
private backyard
Building Details
Building Size
Year Built
Listing Agency:
Expert Homes NY
Listed By:
Benjamin Yousefzadeh · License #10311202833
(212) 257-2116
Source:
Luxuryhomeny
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 6 at 4:43PM
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 Expert Homes NY
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,310-square-foot legal two-family condominium was built in 1950. Its finished basement contains a two-bedroom accessory apartment with two private entrances. The property also has a private backyard, hardwood flooring, one garage space, and a two-car private driveway. Separate utility service includes 3 electric meters and 2 gas meters.
The home is within School District 26, near P.S. 221, JHS 67, and Cardozo High School. Nearby destinations include Little Neck Bay, Little Neck Plaza, Douglaston Golf Course, parks, shopping, and transportation.
The home is within School District 26, near P.S. 221, JHS 67, and Cardozo High School. Nearby destinations include Little Neck Bay, Little Neck Plaza, Douglaston Golf Course, parks, shopping, and transportation.
Key Highlights
- Legal two‑family condominium with a finished basement accessory apartment
- Basement apartment has 2 bedrooms and 2 private entrances
- 2,310 square feet; built in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,467
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,129,340
$1.1M
Cap Rate 7%
$806,671
$806.7K
Cap Rate 9%
$627,411
$627.4K
Market Conditions
NOI Build-Up for 2,310 SF
Gross rent
$106.7K $46.20/SF
− Vacancy
−$4.1K −$1.76/SF
EGI
$102.7K $44.44/SF
− OpEx
−$46.2K −$20.00/SF
NOI
$56.5K $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%
$1,129,340
Cap Rate 7%
$806,671
Cap Rate 9%
$627,411
Alternative Uses
Best Use
Apartment 5plus
$806.7K
$705.8K – $941.1K
NOI $56,467 @ 7.0% cap · market cap 4.71%
Second Best
Multifamily LT 5
$546.2K
$477.9K – $637.2K
NOI $38,234 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$1.70M
$1.49M – $1.99M
NOI $119,207 @ 7.0% cap · market cap 9.93%
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
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,186
Businesses Nearby
Explore this area
Business Placement
Demographics for 11362, NY
18,139
Population
7,634
Households
2.4
Avg Household Size
48
Median Age
52%
College-Educated
93%
High-School Grad
2.1 sq mi
ZIP Area
8,638
Density / Sq Mi
$118,989
Median Household Income
$62,132
Median Earnings
$2,548
Median Rent
$634,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Duplexes in Queens County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The condominium includes a two-bedroom accessory apartment with separate entrances.
Where is this duplex located?
The property is located at 24062 68th Avenue Unit 57 Little Neck, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Legal two‑family condominium with a finished basement accessory apartment; Basement apartment has 2 bedrooms and 2 private entrances; 2,310 square feet; built in 1950
