Renovated Duplex with
New
For Sale
$1,558,000
3039 69th Street, Woodside, NY 11377
Two separate apartments, a renovated ground-floor level, and private outdoor areas provide flexible residential space.
Property Size2,365 SF
Days on Market3
Property Features for 3039 69th Street
General Information
Standard status
Active
Size
2,365 SF
Total Parking Spaces
1
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Unit Mix
2 x 3BR/1BA
Taxes and HOA fees
Annual Taxes
$11,340
Amenities
landscaped backyard
second-floor deck
Building Details
Building Size
2,365 SF
Year Built
1960
Listing Agency:
Winzone Realty Inc
Listed By:
Marisol M. Sesjak
(718) 268-8868
Source:
Serhant
Added: Sep 10
Changed: Sep 12
Last Checked: Sep 12 at 2:38PM
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 Winzone Realty Inc
Investment Insights
Based on property information with market context.
This duplex includes two separate 3-bedroom, 1-bathroom apartments, each with a living room and dining area. The ground-floor level has been fully renovated with a flexible multi-room layout, a full bathroom, and direct backyard access. Renovated kitchens, updated flooring, a 1-car garage, and a private driveway add practical functionality. East and west exposures bring natural light into the apartments.
Outdoor features include a paved backyard with perimeter gardens and hedges, along with a second-floor deck connected to the backyard by stairs. The property is in Woodside, with access to restaurants, cafes, shopping, parks, and everyday amenities. The BQE and multiple public transportation options provide connections throughout Queens and to Manhattan. Delivery vacant offers flexibility for the next owner.
Outdoor features include a paved backyard with perimeter gardens and hedges, along with a second-floor deck connected to the backyard by stairs. The property is in Woodside, with access to restaurants, cafes, shopping, parks, and everyday amenities. The BQE and multiple public transportation options provide connections throughout Queens and to Manhattan. Delivery vacant offers flexibility for the next owner.
Key Highlights
- Two separate 3‑bedroom, 1‑bathroom apartments
- Fully renovated ground‑floor level with flexible multi‑room layout and full bath
- Renovated kitchens and updated flooring
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
$57,811
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
3.71%
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%
$1,156,220
$1.2M
Cap Rate 7%
$825,871
$825.9K
Cap Rate 9%
$642,344
$642.3K
Market Conditions
NOI Build-Up for 2,365 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
$109.3K $46.20/SF
− Vacancy
−$4.2K −$1.76/SF
EGI
$105.1K $44.44/SF
− OpEx
−$47.3K −$20.00/SF
NOI
$57.8K $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%
$1,156,220
Cap Rate 7%
$825,871
Cap Rate 9%
$642,344
Alternative Uses
Best Use
Apartment 5plus
$825.9K
$722.6K – $963.5K
NOI $57,811 @ 7.0% cap · market cap 3.71%
Second Best
Multifamily LT 5
$559.2K
$489.3K – $652.4K
NOI $39,145 @ 7.0% cap · market cap 2.51%
Theoretical Best
Office A
$1.74M
$1.53M – $2.03M
NOI $122,045 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,672
Businesses Nearby
Explore this area
Business Placement
Demographics for 11377, NY
91,512
Population
34,928
Households
2.6
Avg Household Size
39
Median Age
33%
College-Educated
82%
High-School Grad
2.5 sq mi
ZIP Area
36,605
Density / Sq Mi
$73,292
Median Household Income
$45,978
Median Earnings
$1,802
Median Rent
$670,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two separate apartments, a renovated ground-floor level, and private outdoor areas provide flexible residential space.
Where is this duplex located?
The property is located at 3039 69th Street Woodside, NY.
What is the asking price?
The asking price for this property is $1,558,000.
What are key features of this property?
This property features: Two separate 3‑bedroom, 1‑bathroom apartments; Fully renovated ground‑floor level with flexible multi‑room layout and full bath; Renovated kitchens and updated flooring
