Duplex With Finished
For Sale
$1,580,000
61-19 170th Street, Fresh Meadows, NY 11365
Two dwelling units offer flexible layouts, additional finished space, a basement, driveway, garage, and backyard.
Property Size2,150 SF
Lot Size0.09 Acres
Days on Market70
Property Features for 61-19 170th Street
General Information
Standard status
Active
Size
2,150 SF
Lot size
0.09 Acres
Property subtype
Residential Income
Zoning
R4
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
3BR/2BA, 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,001
Building Details
Building Size
2,150 SF
Year Built
1930
Units
2
Listing Agency:
Winzone Realty Inc
(718) 930-6781
Listed By:
Teresa V. Cheng
(718) 930-6781
Source:
Alexandermadisonhomes
Added: Jun 22
Changed: Aug 28
Last Checked: Aug 29 at 10:18AM
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 Winzone Realty Inc
Investment Insights
Based on property information with market context.
Built in 1930, this two-dwelling property includes separate residential layouts across the first and second floors. The lower unit offers three bedrooms, two full bathrooms, a living area, kitchen with dining space, side entry, and direct access to a finished basement of approximately 550 square feet. The basement adds a full bathroom, laundry area, and utility room.
The upper unit contains three bedrooms, one full bathroom, a kitchen, and a living/dining room, with direct access to a finished attic measuring approximately 550 square feet. The property also includes a private driveway, indoor garage, and backyard on a 40 x 100 lot. Located at 61-19 170th Street in Fresh Meadows, the R4-zoned property is near schools, parks, shopping, restaurants, public transportation, and major highways. The house is offered as-is.
The upper unit contains three bedrooms, one full bathroom, a kitchen, and a living/dining room, with direct access to a finished attic measuring approximately 550 square feet. The property also includes a private driveway, indoor garage, and backyard on a 40 x 100 lot. Located at 61-19 170th Street in Fresh Meadows, the R4-zoned property is near schools, parks, shopping, restaurants, public transportation, and major highways. The house is offered as-is.
Key Highlights
- Two dwelling units on an R4‑zoned property
- First‑floor unit has 3 bedrooms, 2 full bathrooms, and direct basement access
- Second‑floor unit includes 3 bedrooms, 1 full bathroom, and finished attic 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
$52,556
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
3.33%
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%
$1,051,120
$1.1M
Cap Rate 7%
$750,800
$750.8K
Cap Rate 9%
$583,956
$584.0K
Market Conditions
NOI Build-Up for 2,150 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
$99.3K $46.20/SF
− Vacancy
−$3.8K −$1.76/SF
EGI
$95.6K $44.44/SF
− OpEx
−$43.0K −$20.00/SF
NOI
$52.6K $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 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%
$1,051,120
Cap Rate 7%
$750,800
Cap Rate 9%
$583,956
Alternative Uses
Best Use
Apartment 5plus
$750.8K
$657.0K – $875.9K
NOI $52,556 @ 7.0% cap · market cap 3.33%
Second Best
Multifamily LT 5
$508.4K
$444.8K – $593.1K
NOI $35,586 @ 7.0% cap · market cap 2.25%
Theoretical Best
Office A
$1.58M
$1.39M – $1.85M
NOI $110,950 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,208
Businesses Nearby
Explore this area
Business Placement
Demographics for 11365, NY
46,908
Population
16,626
Households
2.8
Avg Household Size
41
Median Age
39%
College-Educated
84%
High-School Grad
2.5 sq mi
ZIP Area
18,763
Density / Sq Mi
$85,375
Median Household Income
$51,458
Median Earnings
$1,869
Median Rent
$911,800
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 dwelling units offer flexible layouts, additional finished space, a basement, driveway, garage, and backyard.
Where is this duplex located?
The property is located at 61-19 170th Street Fresh Meadows, NY.
What is the asking price?
The asking price for this property is $1,580,000.
What are key features of this property?
This property features: Two dwelling units on an R4‑zoned property; First‑floor unit has 3 bedrooms, 2 full bathrooms, and direct basement access; Second‑floor unit includes 3 bedrooms, 1 full bathroom, and finished attic access
