Three-Story Duplex with Private
61-51 84th St, Queens, NY 11379
For Sale
$1,550,000
Three-story two-family property with flexible living areas, two kitchens, and access to multiple transit options.
Property Size2,541 SF
Price / SF$609
Days on Market171
Property Features for 61-51 84th St
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Ashford Homes LLC
Listed By:
Shu Yu Zeng
Source:
Statenislandhomelistings
Added: May 21
Changed: Nov 6
Last Checked: Sep 6 at 9:33AM
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 Ashford Homes LLC
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Investment Insights
Based on property information with market context.
This 1950-built, three-story duplex is configured as a two-family home with substantial living space across multiple levels. The lower level includes an additional room, full bathroom, and wet bar, creating flexibility for recreation, office use, or household needs. The upper residential levels each provide three bedrooms, a full bathroom, a living room, and an eat-in kitchen, offering a consistent layout for separate households or extended living arrangements.
A private driveway adds on-site parking convenience. The property is located at 61-51 84th Street in Middle Village, NY 11379, near Rego Center, Queens Center Mall, supermarkets, restaurants, cafes, and local businesses. Public transportation access includes the M and R subway lines and multiple bus routes, while the Long Island Expressway, Grand Central Parkway, and Brooklyn-Queens Expressway provide regional roadway connections. The property is zoned R4-1.
A private driveway adds on-site parking convenience. The property is located at 61-51 84th Street in Middle Village, NY 11379, near Rego Center, Queens Center Mall, supermarkets, restaurants, cafes, and local businesses. Public transportation access includes the M and R subway lines and multiple bus routes, while the Long Island Expressway, Grand Central Parkway, and Brooklyn-Queens Expressway provide regional roadway connections. The property is zoned R4-1.
Key Highlights
- Three‑story, two‑family duplex configuration
- Lower level with extra room, full bathroom, and wet bar
- Second and third floors each include 3 bedrooms, a living room, full bathroom, and eat‑in kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,113
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,242,260
$1.2M
Cap Rate 7%
$887,329
$887.3K
Cap Rate 9%
$690,144
$690.1K
Market Conditions
NOI Build-Up for 2,541 SF
Gross rent
$117.4K $46.20/SF
− Vacancy
−$4.5K −$1.76/SF
EGI
$112.9K $44.44/SF
− OpEx
−$50.8K −$20.00/SF
NOI
$62.1K $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%
$1,242,260
Cap Rate 7%
$887,329
Cap Rate 9%
$690,144
Alternative Uses
Best Use
Apartment 5plus
$887.3K
$776.4K – $1.04M
NOI $62,113 @ 7.0% cap · market cap 4.01%
Second Best
Multifamily LT 5
$600.8K
$525.7K – $701.0K
NOI $42,058 @ 7.0% cap · market cap 2.71%
Theoretical Best
Office A
$1.87M
$1.64M – $2.19M
NOI $131,128 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
1,497
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
$886,600
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Queens, NY
Properties on Market for Duplexes in Queens
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Three-story two-family property with flexible living areas, two kitchens, and access to multiple transit options.
Where is this duplex located?
The property is located at 61-51 84th St Queens, NY.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Three‑story, two‑family duplex configuration; Lower level with extra room, full bathroom, and wet bar; Second and third floors each include 3 bedrooms, a living room, full bathroom, and eat‑in kitchen
