Legal Two-Family Brick
For Sale
$1,280,000
34-55 60th St, Queens, NY 11377
Two-family brick house with walkout basement and private parking.
Property Size2,305 SF
Lot Size0.05 Acres
Days on Market319
Property Features for 34-55 60th St
General Information
Standard status
Active
Size
2,305 SF
Lot size
0.05 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$4,080
Building Details
Building Size
2,305 SF
Year Built
1950
Units
2
Listed By:
Sew L. Ang
(646) 639-2110
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 1
Last Checked: Oct 11 at 7:07AM
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 Sew L. Ang
Investment Insights
Based on property information with market context.
This is a legal two-family attached brick house with R5 zoning and a walkout basement. The property features a three-bedroom apartment over a two-bedroom duplex with three bathrooms. The walk-out level provides storage and living space. Each level offers approximately 1,200 square feet of space. The property includes private parking and backyard space. The home will be delivered vacant, offering the potential for excellent rental income. It is located close to the M and R trains at Northern Boulevard, as well as H Mart supermarket, Home Depot, coffee shops, restaurants, and other conveniences.
Key Highlights
- Legal 2‑family brick house with R5 zoning, offering flexibility for living and investment.
- Delivered vacant, allowing immediate occupancy or rental opportunities.
- Convenient location near M,R train, H Mart, Home Depot, restaurants, and shops.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,344
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,126,880
$1.1M
Cap Rate 7%
$804,914
$804.9K
Cap Rate 9%
$626,044
$626.0K
Market Conditions
NOI Build-Up for 2,305 SF
Gross rent
$106.5K $46.20/SF
− Vacancy
−$4.0K −$1.76/SF
EGI
$102.4K $44.44/SF
− OpEx
−$46.1K −$20.00/SF
NOI
$56.3K $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%
$1,126,880
Cap Rate 7%
$804,914
Cap Rate 9%
$626,044
Alternative Uses
Best Use
Apartment 5plus
$804.9K
$704.3K – $939.1K
NOI $56,344 @ 7.0% cap · market cap 4.40%
Second Best
Multifamily LT 5
$545.0K
$476.9K – $635.9K
NOI $38,151 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $118,949 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,752
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family brick house with walkout basement and private parking.
Where is this duplex located?
The property is located at 34-55 60th St Queens, NY.
What is the asking price?
The asking price for this property is $1,280,000.
What are key features of this property?
This property features: Legal 2‑family brick house with R5 zoning, offering flexibility for living and investment.; Delivered vacant, allowing immediate occupancy or rental opportunities.; Convenient location near M,R train, H Mart, Home Depot, restaurants, and shops.
