Building Details

Building Size 3,430 SF

Year Built 2009

Buildings 1

Construction brick

Listing Agency: B Square Realty

Listed By: Wujie Zhao · License #10401305423 Show Phone

Source: Luxuryhomeny

Added: Sep 18 Changed: Oct 21 Last Checked: Oct 21 at 6:14AM

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Investment Insights

Based on property information with market context.

Built in 2009, this contemporary brick duplex provides 3,430 square feet of combined interior living space. The front residence features a two-story foyer, curved hardwood staircase, living room, formal dining area, kitchen, half-bath, four bedrooms, a sitting nook, two balconies, and two full bathrooms, including a private bath in the primary bedroom. A separate one-bedroom rental unit is positioned toward the rear of the property.

The basement has ceiling height just over 8 feet and its own private entrance. Exterior improvements include a detached garage and an extended paved driveway. The property is located in Oakland Gardens, New York, at 61-36 Cloverdale Blvd.

Key Highlights

• 3,430 sq ft of combined interior living space
• Front residence includes four bedrooms and two full bathrooms
• Separate one‑bedroom rental unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$83,844

Cap Rate

3.38%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,676,880 $1.7M

Cap Rate 7%

$1,197,771 $1.2M

Cap Rate 9%

$931,600 $931.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,430 SF

Gross rent

$158.5K $46.20/SF

− Vacancy

−$6.0K −$1.76/SF

EGI

$152.4K $44.44/SF

− OpEx

−$68.6K −$20.00/SF

NOI

$83.8K $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%

$1,676,880

Cap Rate 7%

$1,197,771

Cap Rate 9%

$931,600

Alternative Uses

Best Use

Apartment 5plus

$1.20M

$1.05M – $1.40M (±1% cap)

NOI $83,844 @ 7.0% cap · market cap 3.38%

Second Best

Multifamily LT 5

$811.0K

$709.7K – $946.2K (±1% cap)

NOI $56,772 @ 7.0% cap · market cap 2.29%

Theoretical Best

Office A

$2.53M

$2.21M – $2.95M (±1% cap)

NOI $177,004 @ 7.0% cap · market cap 7.14%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

647

Businesses Nearby

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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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Two-level owner’s residence includes four bedrooms, balconies, and a separate one-bedroom rental unit.

Where is this duplex located?

The property is located at 61-36 Cloverdale Boulevard Oakland Gardens, NY.

What is the asking price?

The asking price for this property is $2,480,000.

What are key features of this property?

This property features: 3,430 sq ft of combined interior living space; Front residence includes four bedrooms and two full bathrooms; Separate one‑bedroom rental unit