Duplex with Private
For Sale
$1,299,000
6172 70th Street, Middle Village, NY 11379
MULTI_FAMILY - Middle Village, NY
Property Size2,070 SF
Lot Size0.05 Acres
Price / SF$627.54
Days on Market113
Property Features for 6172 70th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 3, Bathroom 3, Basement, Bedroom 2, Bathroom 2
Interior features
First Floor Bedroom, First Floor Full Bath
Basement
Finished
Standard status
Active
APN
02926-0039
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12394
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
full basement
private backyard
Building Details
Year built
1960
Number of units
2
Building materials
Brick
Listing Agency:
Crifasi Real Estate Inc
(718) 894-8700
Listed By:
Andrew LaSala
(917) 414-3404
Added: Apr 18
Changed: Aug 3
Last Checked: Aug 8 at 9:06PM
MLS# 987233
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.
6172 70th Street in Middle Village presents a two-story brick duplex built in 1960, totaling 2,070 SF. The layout provides separate units with bright living spaces, kitchens, and generous bedrooms, along with an interior arrangement that includes a first-floor bedroom and a first-floor full bath. The property also offers a full basement with a garage and a private backyard suited for outdoor entertaining.
Recent updates include a new boiler and hot water heater. The home is vacant on closing. Utilities and services include public water and public sewer, with natural gas heating and wall/window unit air conditioning.
Set on a 23 x 100 lot, the location is convenient to transportation, with the M train / Middle Village station area about one block away. This configuration can support either owner-occupancy or rental-focused use.
Recent updates include a new boiler and hot water heater. The home is vacant on closing. Utilities and services include public water and public sewer, with natural gas heating and wall/window unit air conditioning.
Set on a 23 x 100 lot, the location is convenient to transportation, with the M train / Middle Village station area about one block away. This configuration can support either owner-occupancy or rental-focused use.
Key Highlights
- 2,070 SF, two‑story brick duplex built in 1960
- Separate units with kitchens and generous bedrooms
- Full basement with a garage plus private backyard
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
$50,600
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
3.90%
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%
$1,012,000
$1.0M
Cap Rate 7%
$722,857
$722.9K
Cap Rate 9%
$562,222
$562.2K
Market Conditions
NOI Build-Up for 2,070 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
$95.6K $46.20/SF
− Vacancy
−$3.6K −$1.76/SF
EGI
$92.0K $44.44/SF
− OpEx
−$41.4K −$20.00/SF
NOI
$50.6K $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%
$1,012,000
Cap Rate 7%
$722,857
Cap Rate 9%
$562,222
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
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
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 - Two-story brick duplex with separate units, recent boiler and hot water heater updates, and a private backyard.
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 SF, two‑story brick duplex built in 1960; Separate units with kitchens and generous bedrooms; Full basement with a garage plus private backyard
