Two-Family Duplex
For Sale
$1,150,000
3716 68th Street, Woodside, NY 11377
Two-family property with five bedrooms, three bathrooms, and a layout suited to multigenerational living or rental use.
Property Size1,584 SF
Price / SF$726.01
Days on Market82
Property Features for 3716 68th Street
General Information
Standard status
Active
Size
1,584 SF
Property subtype
Duplex
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,893
Building Details
Building Size
1,584 SF
Year Built
1930
Listing Agency:
Exit Realty Prime
(646) 242-8929
Listed By:
Mohammed Karim
Source:
Cbwarburg
Added: May 19
Changed: Aug 7
Last Checked: Aug 8 at 9:11AM
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 Exit Realty Prime
Investment Insights
Based on property information with market context.
This two-family duplex, built in 1930, offers five bedrooms and three bathrooms within a 1,584-square-foot property. The configuration provides separate household functionality while retaining flexibility for multigenerational occupancy or rental use.
The property is located at 3716 68th Street in Woodside, Queens. Shopping, restaurants, schools, public transportation, and major highways are identified in the surrounding area, providing access to everyday services and regional travel connections.
The property is located at 3716 68th Street in Woodside, Queens. Shopping, restaurants, schools, public transportation, and major highways are identified in the surrounding area, providing access to everyday services and regional travel connections.
Key Highlights
- Two‑family duplex with 5 bedrooms and 3 bathrooms
- 1,584‑square‑foot property
- Built in 1930
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
$38,720
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
3.37%
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%
$774,400
$774.4K
Cap Rate 7%
$553,143
$553.1K
Cap Rate 9%
$430,222
$430.2K
Market Conditions
NOI Build-Up for 1,584 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
$73.2K $46.20/SF
− Vacancy
−$2.8K −$1.76/SF
EGI
$70.4K $44.44/SF
− OpEx
−$31.7K −$20.00/SF
NOI
$38.7K $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%
$774,400
Cap Rate 7%
$553,143
Cap Rate 9%
$430,222
Alternative Uses
Best Use
Apartment 5plus
$553.1K
$484.0K – $645.3K
NOI $38,720 @ 7.0% cap · market cap 3.37%
Second Best
Multifamily LT 5
$374.5K
$327.7K – $437.0K
NOI $26,218 @ 7.0% cap · market cap 2.28%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,742 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5,792
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
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 property with five bedrooms, three bathrooms, and a layout suited to multigenerational living or rental use.
Where is this duplex located?
The property is located at 3716 68th Street Woodside, 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: Two‑family duplex with 5 bedrooms and 3 bathrooms; 1,584‑square‑foot property; Built in 1930
