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Two-Family Duplex with Finished Basement

6112 37th Avenue, Woodside, NY 11377

For Sale
$1,250,000

Two occupied floors and a vacant lower level offer separate spaces, including a backyard entrance from the basement.

Property Size1,720 SF
Price / SF$726.74
Days on Market53

Property Features for 6112 37th Avenue

General Information

Standard status Active
Size 1,720 SF
Property subtype Residential Income

Additional Details

Public Transit Yes
Multifamily Units 2
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $10,806

Amenities

First Floor Bedroom
First Floor Full Bath
Eat-in Kitchen

Building Details

Building Size 1,720 SF
Year Built 1930
Units 2
Listing Agency: Keller Williams Town Life
Listed By: Munkhtuya Nasanbuyan
Source: Jwsrealtygroup
Added: Sep 23 Changed: Nov 12 Last Checked: Nov 13 at 7:46PM

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 Keller Williams Town Life

Rey
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Investment Insights

Based on property information with market context.

This two-family duplex, built in 1930, has a three-bedroom, one-bath apartment on each of its first two floors. The first-floor kitchen opens directly to the backyard, while one second-floor bedroom has its own entrance. A finished 900-square-foot basement adds two rooms and a living area, with separate exterior access to the backyard. The lower level is vacant; tenants currently occupy both upper floors and may remain with a new owner. The property is offered as-is and has a shared driveway.

The home is approximately three minutes from the train and has access to shopping, dining, and everyday services. Its address is 6112 37th Avenue in Woodside, New York.

Key Highlights

  • Two three‑bedroom, one‑bath units on the first and second floors
  • Finished 900‑square‑foot basement with two rooms, a living area, and exterior backyard access
  • First‑floor kitchen connects directly to the backyard

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$42,503
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$850,060 $850.1K
Cap Rate 7%
$607,186 $607.2K
Cap Rate 9%
$472,256 $472.3K
Market Conditions
NOI Build-Up for 1,720 SF
Gross rent
$66.0K $38.40/SF
− Vacancy
−$5.3K −$3.10/SF
EGI
$60.7K $35.30/SF
− OpEx
−$18.2K −$10.59/SF
NOI
$42.5K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$850,060
Cap Rate 7%
$607,186
Cap Rate 9%
$472,256

Alternative Uses

Best Use
Multifamily LT 5
$607.2K
$531.3K – $708.4K (±1% cap)
NOI $42,503 @ 7.0% cap · market cap 3.40%
Second Best
Apartment 5plus
$600.6K
$525.6K – $700.7K (±1% cap)
NOI $42,044 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M (±1% cap)
NOI $88,760 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

5,202
Businesses Nearby

Demographics for 11377, NY

91,512
Population
34,928
Households
2.6
Avg Household Size
39
Median Age
33%
College-Educated
82%
High-School Grad
2.5 sq mi
ZIP Area
36,605
Density / Sq Mi
$73,292
Median Household Income
$45,978
Median Earnings
$1,802
Median Rent
$670,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Duplexes in Woodside

Jul
Aug
Sep
Oct

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 occupied floors and a vacant lower level offer separate spaces, including a backyard entrance from the basement.
Where is this duplex located?
The property is located at 6112 37th Avenue Woodside, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Two three‑bedroom, one‑bath units on the first and second floors; Finished 900‑square‑foot basement with two rooms, a living area, and exterior backyard access; First‑floor kitchen connects directly to the backyard
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