Contemporary Brick
New
For Sale
$2,550,000
61-36 Cloverdale Blvd, Oakland Gardens, NY 11364
Residential Income, Oakland Gardens, NY
Property Size3,430 SF
Lot Size0.11 Acres
Price / SF$743.44
Days on Market2
Property Features for 61-36 Cloverdale Blvd
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 5, Bedroom 3, Basement, Bedroom 2, Bathroom 2, Bathroom 3, Dining Room, Bathroom 4, Bedroom 4, Bedroom 1
Parking features
Driveway
Interior features
First Floor Bedroom, First Floor Full Bath, Built-in Features, Chandelier, Crown Molding, Entrance Foyer, Formal Dining, Granite Counters, High Ceilings, Kitchen Island, Open Kitchen, Primary Bathroom, Walk-In Closet(s)
Basement
Walk-Out Access, Finished, Full
Elementary school
Ps 213 Carl Ullman School
Middle school
Jhs 74 Nathaniel Hawthorne
High school
Benjamin N Cardozo High School
Elementary school district
Queens 26
Middle school district
Queens 26
High school district
Queens 26
Directions
Google maps
Standard status
Active
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
20121
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Baseboard, Forced Air
Cooling system
Central Air, Multi Units
Water source
Public
Amenities
detached garage
paved driveway
Building Details
Year built
2009
Number of units
2
Flooring type
Tile, Hardwood
Building materials
Brick
Architectural style
Contemporary
Listing Agency:
B Square Realty
(718) 939-8388
Listed By:
Wujie Zhao · License #10401305423
(646) 645-1881
Added: Sep 18
Last Checked: Sep 19 at 3:06AM
MLS# 1052546
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2009, this contemporary brick duplex combines a four-bedroom owner’s unit with a separate one-bedroom rental apartment. The main residence includes a living room, formal dining room, kitchen, half-bath, four bedrooms, two full bathrooms, hardwood flooring, multiple balconies, and a two-story foyer with a curved staircase. Combined interior living area totals 3,430 square feet.
The basement has a separate entrance and ceiling height just over 8 feet, while the property also includes a detached garage and extended paved driveway. Additional features include central air, natural gas heating, public water and sewer, a primary bathroom, kitchen island, granite counters, and a walk-in closet. The 0.1148-acre property is located at 61-36 Cloverdale Blvd in Oakland Gardens, NY 11364.
The basement has a separate entrance and ceiling height just over 8 feet, while the property also includes a detached garage and extended paved driveway. Additional features include central air, natural gas heating, public water and sewer, a primary bathroom, kitchen island, granite counters, and a walk-in closet. The 0.1148-acre property is located at 61-36 Cloverdale Blvd in Oakland Gardens, NY 11364.
Key Highlights
- Two‑family layout with a four‑bedroom owner’s residence and separate one‑bedroom rental unit
- 3,430 sq ft of combined interior living space
- Contemporary brick construction completed in 2009
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
$83,844
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
3.29%
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%
$1,676,880
$1.7M
Cap Rate 7%
$1,197,771
$1.2M
Cap Rate 9%
$931,600
$931.6K
Market Conditions
NOI Build-Up for 3,430 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
$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 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%
$1,676,880
Cap Rate 7%
$1,197,771
Cap Rate 9%
$931,600
Alternative Uses
Best Use
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $83,844 @ 7.0% cap · market cap 3.29%
Second Best
Multifamily LT 5
$811.0K
$709.7K – $946.2K
NOI $56,772 @ 7.0% cap · market cap 2.23%
Theoretical Best
Office A
$2.53M
$2.21M – $2.95M
NOI $177,004 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
661
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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-family residence with a separate one-bedroom rental unit, detached garage, and private basement entrance.
Where is this duplex located?
The property is located at 61-36 Cloverdale Blvd Oakland Gardens, NY.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: Two‑family layout with a four‑bedroom owner’s residence and separate one‑bedroom rental unit; 3,430 sq ft of combined interior living space; Contemporary brick construction completed in 2009
