Brick Two-Family
32-51 72nd St Jackson Heights, NY 11370
32-51 72nd St, Jackson Heights, NY, 11370
$1,150,000
For Sale
$1,150,000
MULTI_FAMILY - Jackson Heights, NY
Property Size1,417 SF
Lot Size0.05 Acres
Price / SF$811.57
Days on Market8
Property Features for 32-51 72nd St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 2
- Parking features
- Driveway
- Interior features
- Entrance Foyer, Master Downstairs
- Standard status
- Active
- Size
- 1,417 SF
- Lot size
- 0.05 Acres
Utilities
- Heating system
- Natural Gas, Steam
Building Details
- Year built
- 1950
- Flooring type
- Hardwood
- Building materials
- Brick
- Roof type
- Asphalt, Flat
Listing Agency
LANDMARK INTERNATIONAL REAL ESTATE GROUP LLC
(917) 530-5075
38-19 UNION ST SUITE 201, FLUSHING, NY
Listed by
Lucy Lu
Added: Jul 10 Checked: Jul 17 at 5:06 am
MLS# 11878275
Listing URL
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Solid brick attached two-family home in Jackson Heights with a private driveway and an attached garage. The layout features a two-bedroom apartment over a one-bedroom apartment, plus a covered front porch and a private backyard accessible via either the first or second floor.
Located just off Northern Blvd, the home is described as in a quiet but convenient area near shopping, major highways, and public transportation.
The property is currently configured as two separate residential units within a single attached structure, suited to an owner-occupant or income-focused buyer looking for a two-over-one arrangement.
Located just off Northern Blvd, the home is described as in a quiet but convenient area near shopping, major highways, and public transportation.
The property is currently configured as two separate residential units within a single attached structure, suited to an owner-occupant or income-focused buyer looking for a two-over-one arrangement.
Key Highlights
- Solid brick attached two‑family home with private driveway and attached garage
- Two‑bedroom apartment over one‑bedroom apartment layout
- Master bedroom on the first floor; entrance foyer plus 3 bedrooms total listed
Local 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 | $65.5k | $46.20 |
| − Vacancy | −$2.5k | −$1.76 |
| EGI | $63.0k | $44.44 |
| − OpEx | −$28.3k | −$20.00 |
| NOI | $34.6k | $24.44 |
1,417 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$494.8K
$433.0K – $577.3K
NOI $34,638 @ 7.0% cap · market cap 3.01%
Second Best
Multifamily LT 5
$335.1K
$293.2K – $390.9K
NOI $23,454 @ 7.0% cap · market cap 2.04%
Theoretical Best
Office A
$1.04M
$914.1K – $1.22M
NOI $73,124 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Solid brick attached two-family residence offers private driveway, attached garage, and two- and one-bedroom units.
Where is this duplex located?
The property is located at 32-51 72nd St Jackson Heights, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Solid brick attached two‑family home with private driveway and attached garage; Two‑bedroom apartment over one‑bedroom apartment layout; Master bedroom on the first floor; entrance foyer plus 3 bedrooms total listed
