Three-Family Home with
61-04 217th St, Oakland Gardens, NY 11364
For Sale
$1,599,000
Three separate living areas include a private balcony, backyard access, basement entry, driveway, and one-car garage.
Property Size2,968 SF
Lot Size0.05 Acres
Price / SF$538.75
Days on Market69
Property Features for 61-04 217th St
General Information
Standard status
Size
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Asking Price
Building Details
Year Built
Stories
Listing Agency:
INFINITY LUXXE ESTATES LLC
Listed By:
Marie Covelli
(347) 845-8588
Source:
Searchhomesinlongisland
Added: Sep 1
Changed: Nov 7
Last Checked: Nov 7 at 11:49AM
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 INFINITY LUXXE ESTATES LLC
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Investment Insights
Based on property information with market context.
This 2,968-square-foot three-family dwelling, built in 1960, is arranged as three separate living areas. The walk-in level has one bedroom, one full bath, and access to the backyard. Above it, the second floor contains two bedrooms, one full bath, and a private balcony; the top floor has two bedrooms and one full bath. A full basement with a separate entrance adds further space.
The property occupies a 2,125-square-foot lot in Oakland Gardens at 61-04 217th St. Parking includes a private driveway and a one-car garage. The home may be delivered vacant and is being sold as-is. NYC Department of Finance records classify it as a three-family dwelling; legal use, occupancy, configuration, and permitted use should be independently verified with the appropriate NYC agencies.
The property occupies a 2,125-square-foot lot in Oakland Gardens at 61-04 217th St. Parking includes a private driveway and a one-car garage. The home may be delivered vacant and is being sold as-is. NYC Department of Finance records classify it as a three-family dwelling; legal use, occupancy, configuration, and permitted use should be independently verified with the appropriate NYC agencies.
Key Highlights
- Three living areas: one‑bedroom layout on the walk‑in level, with two‑bedroom layouts on each upper floor
- 2,968‑square‑foot property on a 2,125‑square‑foot lot
- Full basement with separate entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,551
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,451,020
$1.5M
Cap Rate 7%
$1,036,443
$1.0M
Cap Rate 9%
$806,122
$806.1K
Market Conditions
NOI Build-Up for 2,968 SF
Gross rent
$137.1K $46.20/SF
− Vacancy
−$5.2K −$1.76/SF
EGI
$131.9K $44.44/SF
− OpEx
−$59.4K −$20.00/SF
NOI
$72.6K $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%
$1,451,020
Cap Rate 7%
$1,036,443
Cap Rate 9%
$806,122
Alternative Uses
Best Use
Apartment 5plus
$1.04M
$906.9K – $1.21M
NOI $72,551 @ 7.0% cap · market cap 4.54%
Second Best
Multifamily LT 5
$701.8K
$614.1K – $818.8K
NOI $49,125 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$2.19M
$1.91M – $2.55M
NOI $153,163 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,140
Businesses Nearby
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Business Placement
Demographics for 11364, NY
37,032
Population
14,527
Households
2.5
Avg Household Size
45
Median Age
49%
College-Educated
86%
High-School Grad
2.5 sq mi
ZIP Area
14,813
Density / Sq Mi
$101,222
Median Household Income
$55,295
Median Earnings
$2,330
Median Rent
$770,100
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Queens County, NY
Properties on Market for Triplexes in Queens County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate living areas include a private balcony, backyard access, basement entry, driveway, and one-car garage.
Where is this triplex located?
The property is located at 61-04 217th St Oakland Gardens, NY.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Three living areas: one‑bedroom layout on the walk‑in level, with two‑bedroom layouts on each upper floor; 2,968‑square‑foot property on a 2,125‑square‑foot lot; Full basement with separate entrance
