Remodeled Brick
For Sale
$1,988,000
24560 61st Avenue, Little Neck, NY 11362
Flexible multi-level residence with finished basement, private outdoor space, detached garage, and generous off-street parking.
Property Size2,409 SF
Price / SF$825.24
Days on Market21
Property Features for 24560 61st Avenue
General Information
Standard status
Active
Size
2,409 SF
Property subtype
Duplex
Amenities
ductless heating and cooling units
private outdoor space
landscaped gated entrance
Building Details
Building Size
2,409 SF
Year Built
1950
Year Renovated
2017
Buildings
2
Construction
brick
Listing Agency:
EXP Realty
(888) 276-0630
Listed By:
Andrew Wu AHWD MRP
Source:
Cottiemaxwellrealestate
Added: Jul 15
Changed: Jul 31
Last Checked: Aug 4 at 8:34AM
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 EXP Realty
Investment Insights
Based on property information with market context.
This detached brick duplex offers approximately 2,409 square feet of interior living space, excluding the full finished basement, and was completely remodeled in 2017. The multi-level layout includes five full bathrooms, spacious living and dining areas, wood flooring, high ceilings, crown molding, recessed lighting, and abundant natural light. Kitchens feature sleek cabinetry, stone countertops, mosaic-tile backsplashes, stainless-steel appliances, ample storage, and large seating peninsulas. A dramatic double-height foyer includes an oversized arched window, crystal chandelier, and sweeping staircase.
The finished basement adds substantial space with backyard egress, a full bathroom, laundry area, and storage. Additional features include multiple ductless heating and cooling units, private outdoor space, a long private driveway, generous off-street parking, a detached garage, and a landscaped, gated entrance. The property is located near shopping, dining, parks, schools, transportation, and major roadways in Little Neck, NY.
The finished basement adds substantial space with backyard egress, a full bathroom, laundry area, and storage. Additional features include multiple ductless heating and cooling units, private outdoor space, a long private driveway, generous off-street parking, a detached garage, and a landscaped, gated entrance. The property is located near shopping, dining, parks, schools, transportation, and major roadways in Little Neck, NY.
Key Highlights
- Approximately 2,409 square feet of interior living space, excluding the full finished basement
- Completely remodeled in 2017
- Five full bathrooms across a flexible multi‑level layout
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $111.3k | $46.20 |
| − Vacancy | −$4.2k | −$1.76 |
| EGI | $107.1k | $44.44 |
| − OpEx | −$48.2k | −$20.00 |
| NOI | $58.9k | $24.44 |
2,409 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$841.2K
$736.1K – $981.5K
NOI $58,887 @ 7.0% cap · market cap 2.96%
Second Best
Multifamily LT 5
$569.6K
$498.4K – $664.6K
NOI $39,873 @ 7.0% cap · market cap 2.01%
Theoretical Best
Office A
$1.78M
$1.55M – $2.07M
NOI $124,316 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
496
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
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 - Flexible multi-level residence with finished basement, private outdoor space, detached garage, and generous off-street parking.
Where is this duplex located?
The property is located at 24560 61st Avenue Little Neck, NY.
What is the asking price?
The asking price for this property is $1,988,000.
What are key features of this property?
This property features: Approximately 2,409 square feet of interior living space, excluding the full finished basement; Completely remodeled in 2017; Five full bathrooms across a flexible multi‑level layout
