Brick Duplex with Private
For Sale
$1,499,000
Pending
6110 76th Street, Middle Village, NY 11379
Semi-detached brick duplex with two 2-bedroom apartments, plus a private driveway and garage.
Property Size1,980 SF
Days on Market135
Property Features for 6110 76th Street
General Information
Standard status
Pending
Size
1,980 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$13,758
Building Details
Building Size
1,980 SF
Year Built
1960
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
Crifasi Real Estate Inc
Listed By:
Salvatore Crifasi · License #31CR0315651
(718) 894-8700
Source:
Serhant
Added: May 8
Changed: Sep 15
Last Checked: Sep 19 at 11:17AM
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 Crifasi Real Estate Inc
Investment Insights
Based on property information with market context.
This semi-detached brick duplex offers two separate 2-bedroom apartments with a spacious layout. Built in 1960, the property is described as well-maintained and features solid brick construction along with outdoor space.
Conveniently located at 6110 76th Street in Middle Village, the home is positioned close to shopping, schools, Juniper Valley Park, and transportation, supporting a practical day-to-day lifestyle.
With its two-family configuration and private driveway and garage, the property can suit both owner-occupants and investors looking for a residence with an additional apartment.
Conveniently located at 6110 76th Street in Middle Village, the home is positioned close to shopping, schools, Juniper Valley Park, and transportation, supporting a practical day-to-day lifestyle.
With its two-family configuration and private driveway and garage, the property can suit both owner-occupants and investors looking for a residence with an additional apartment.
Key Highlights
- Two 2‑bedroom apartments in a duplex layout
- Semi‑detached solid brick construction
- Private driveway and garage
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
$48,400
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
3.23%
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%
$968,000
$968.0K
Cap Rate 7%
$691,429
$691.4K
Cap Rate 9%
$537,778
$537.8K
Market Conditions
NOI Build-Up for 1,980 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
$91.5K $46.20/SF
− Vacancy
−$3.5K −$1.76/SF
EGI
$88.0K $44.44/SF
− OpEx
−$39.6K −$20.00/SF
NOI
$48.4K $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%
$968,000
Cap Rate 7%
$691,429
Cap Rate 9%
$537,778
Alternative Uses
Best Use
Apartment 5plus
$691.4K
$605.0K – $806.7K
NOI $48,400 @ 7.0% cap · market cap 3.23%
Second Best
Multifamily LT 5
$468.2K
$409.7K – $546.2K
NOI $32,772 @ 7.0% cap · market cap 2.19%
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,178 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,257
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Semi-detached brick duplex with two 2-bedroom apartments, plus a private driveway and garage.
Where is this duplex located?
The property is located at 6110 76th Street Middle Village, NY.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Two 2‑bedroom apartments in a duplex layout; Semi‑detached solid brick construction; Private driveway and garage
