Brick Duplex with Private
New
For Sale
$1,588,000
5021 60th Street, Woodside, NY 11377
Two separate residences share a fenced yard, with subway and rail service nearby.
Property Size2,109 SF
Lot Size0.05 Acres
Price / SF$752.96
Days on Market2
Property Features for 5021 60th Street
General Information
Standard status
Active
Size
2,109 SF
Lot size
0.05 Acres
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,648
Amenities
private backyard
balcony
First Floor Bedroom
First Floor Full Bath
Eat-in Kitchen
Other
Building Details
Building Size
2,109 SF
Year Built
1960
Buildings
1
Stories
3
Units
2
Construction
brick
Listing Agency:
Keller Williams Points North
Listed By:
Theresa G. Lupo
(516) 996-0551
Source:
Georgemcknight
Added: Oct 23
Last Checked: Oct 23 at 2:16PM
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 Keller Williams Points North
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Investment Insights
Based on property information with market context.
This brick duplex contains two residential units across three stories, with a full basement. A balcony serves the second-floor unit, and the property also includes a fenced backyard and front driveway. Built in 1960, the building occupies a 22' x 100' lot and has an approximately 22' x 55' footprint.
Located in Woodside, the property has access to the 7 train, LIRR, M and R subway lines, bus routes, and highways. Shopping, dining, schools, parks, houses of worship, LaGuardia Airport, and Manhattan are also identified among the nearby destinations.
Located in Woodside, the property has access to the 7 train, LIRR, M and R subway lines, bus routes, and highways. Shopping, dining, schools, parks, houses of worship, LaGuardia Airport, and Manhattan are also identified among the nearby destinations.
Key Highlights
- Two residential units in a three‑story brick building
- Full basement, fenced backyard, and front driveway
- Second‑floor unit includes a balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,553
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,031,060
$1.0M
Cap Rate 7%
$736,471
$736.5K
Cap Rate 9%
$572,811
$572.8K
Market Conditions
NOI Build-Up for 2,109 SF
Gross rent
$97.4K $46.20/SF
− Vacancy
−$3.7K −$1.76/SF
EGI
$93.7K $44.44/SF
− OpEx
−$42.2K −$20.00/SF
NOI
$51.6K $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%
$1,031,060
Cap Rate 7%
$736,471
Cap Rate 9%
$572,811
Alternative Uses
Best Use
Apartment 5plus
$736.5K
$644.4K – $859.2K
NOI $51,553 @ 7.0% cap · market cap 3.25%
Second Best
Multifamily LT 5
$498.7K
$436.3K – $581.8K
NOI $34,907 @ 7.0% cap · market cap 2.20%
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,835 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,781
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences share a fenced yard, with subway and rail service nearby.
Where is this duplex located?
The property is located at 5021 60th Street Woodside, NY.
What is the asking price?
The asking price for this property is $1,588,000.
What are key features of this property?
This property features: Two residential units in a three‑story brick building; Full basement, fenced backyard, and front driveway; Second‑floor unit includes a balcony
