Two-Story Duplex with Basement
For Sale
$1,299,000
6172 70th Street, Middle Village, NY 11379
A two-story duplex with full basement and garage, updated with a new boiler and hot water heater.
Property Size2,070 SF
Lot Size0.05 Acres
Price / SF$627.54
Days on Market106
Property Features for 6172 70th Street
General Information
Standard status
Active
Size
2,070 SF
Lot size
0.05 Acres
Property subtype
Duplex
Amenities
full basement with garage
private backyard
Building Details
Building Size
2,070 SF
Year Built
1960
Stories
2
Listing Agency:
Crifasi Real Estate Inc
Listed By:
Andrew LaSala
Source:
Serhant
Added: Apr 18
Changed: Jul 31
Last Checked: Jul 31 at 4:59AM
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 two-story duplex offers separate units with bright living spaces, kitchens, and generous bedrooms. The property includes a full basement with a garage and a private backyard. Built in 1960, the home has recent updates including a new boiler and hot water heater. The duplex is vacant on closing, providing flexibility for either an owner-occupant or an investor.
Conveniently located near transportation, the property is about one block from the M train in the Middle Village station area, supporting easy access for residents and tenants.
The duplex sits on a 23x100 lot and includes a basement-level garage, while the exterior backyard provides an additional private outdoor space for day-to-day use.
Conveniently located near transportation, the property is about one block from the M train in the Middle Village station area, supporting easy access for residents and tenants.
The duplex sits on a 23x100 lot and includes a basement-level garage, while the exterior backyard provides an additional private outdoor space for day-to-day use.
Key Highlights
- 2,070 sq ft two‑story duplex built in 1960
- Full basement with a garage plus private backyard
- Recent updates include a new boiler and hot water heater
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $95.6k | $46.20 |
| − Vacancy | −$3.6k | −$1.76 |
| EGI | $92.0k | $44.44 |
| − OpEx | −$41.4k | −$20.00 |
| NOI | $50.6k | $24.44 |
2,070 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$722.9K
$632.5K – $843.3K
NOI $50,600 @ 7.0% cap · market cap 3.90%
Second Best
Multifamily LT 5
$489.5K
$428.3K – $571.0K
NOI $34,262 @ 7.0% cap · market cap 2.64%
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $106,822 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,097
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
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - A two-story duplex with full basement and garage, updated with a new boiler and hot water heater.
Where is this duplex located?
The property is located at 6172 70th Street Middle Village, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: 2,070 sq ft two‑story duplex built in 1960; Full basement with a garage plus private backyard; Recent updates include a new boiler and hot water heater
