Three-Story Brick
For Sale
$1,520,000
58-30 75th Street, Middle Village, NY 11379
Two-family residence with finished lower level, private outdoor space, and flexible owner-occupant or rental-use potential.
Property Size3,267 SF
Days on Market42
Property Features for 58-30 75th Street
General Information
Standard status
Active
Size
3,267 SF
Total Parking Spaces
4
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$14,955
Amenities
rear terrace
private fenced backyard
Building Details
Building Size
3,267 SF
Year Built
1970
Buildings
1
Stories
3
Units
2
Construction
brick
Listing Agency:
Coldwell Banker Phillips
(718) 326-3900
Listed By:
Louis C. Pastorini
(718) 757-5877
Source:
Mahlerrealty
Added: Aug 9
Changed: Sep 18
Last Checked: Sep 18 at 3:12PM
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 Coldwell Banker Phillips
Investment Insights
Based on property information with market context.
This 33-foot-wide brick two-family residence was built in 1970 and spans three stories above a full finished basement. The second and third floors each contain three bedrooms, one and one-half bathrooms, a kitchen, dining room, living room, and rear terrace. Each primary bedroom includes a private half bath. The walk-in level provides additional living space with plumbing installed for a future bathroom, while the finished basement adds a full bathroom and direct access to the fenced backyard.
Exterior amenities include a private driveway and detached two-car garage with parking for up to four vehicles. Oak flooring, an updated hot water heater, three-zone heating, and separate hallway circuit breakers serving the second and third floors add practical utility. The property is located near Grand Avenue and Eliot Avenue, with access to shopping, dining, local bus routes Q14, Q58, Q59, and Q98, plus express buses to Manhattan via QM24, QM25, and QM34.
Exterior amenities include a private driveway and detached two-car garage with parking for up to four vehicles. Oak flooring, an updated hot water heater, three-zone heating, and separate hallway circuit breakers serving the second and third floors add practical utility. The property is located near Grand Avenue and Eliot Avenue, with access to shopping, dining, local bus routes Q14, Q58, Q59, and Q98, plus express buses to Manhattan via QM24, QM25, and QM34.
Key Highlights
- 33‑foot‑wide, three‑story brick two‑family residence built in 1970
- Each upper floor has 3 bedrooms, 1.5 bathrooms, kitchen, dining room, living room, and rear terrace
- Full finished basement with full bathroom and direct backyard access
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
$79,860
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
5.25%
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%
$1,597,200
$1.6M
Cap Rate 7%
$1,140,857
$1.1M
Cap Rate 9%
$887,333
$887.3K
Market Conditions
NOI Build-Up for 3,267 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
$150.9K $46.20/SF
− Vacancy
−$5.7K −$1.76/SF
EGI
$145.2K $44.44/SF
− OpEx
−$65.3K −$20.00/SF
NOI
$79.9K $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%
$1,597,200
Cap Rate 7%
$1,140,857
Cap Rate 9%
$887,333
Alternative Uses
Best Use
Apartment 5plus
$1.14M
$998.3K – $1.33M
NOI $79,860 @ 7.0% cap · market cap 5.25%
Second Best
Multifamily LT 5
$772.5K
$675.9K – $901.2K
NOI $54,074 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$2.41M
$2.11M – $2.81M
NOI $168,593 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,747
Businesses Nearby
Explore this area
Business Placement
Demographics for 11379, NY
37,906
Population
15,237
Households
2.5
Avg Household Size
44
Median Age
35%
College-Educated
84%
High-School Grad
2.2 sq mi
ZIP Area
17,230
Density / Sq Mi
$92,509
Median Household Income
$54,109
Median Earnings
$1,989
Median Rent
$886,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family residence with finished lower level, private outdoor space, and flexible owner-occupant or rental-use potential.
Where is this duplex located?
The property is located at 58-30 75th Street Middle Village, NY.
What is the asking price?
The asking price for this property is $1,520,000.
What are key features of this property?
This property features: 33‑foot‑wide, three‑story brick two‑family residence built in 1970; Each upper floor has 3 bedrooms, 1.5 bathrooms, kitchen, dining room, living room, and rear terrace; Full finished basement with full bathroom and direct backyard access
