Duplex with
New
For Sale
$1,149,000
62-16 80th Avenue, Glendale, NY 11385
The home offers hardwood flooring, natural woodwork, a driveway, and a garage.
Property Size2,070 SF
Price / SF$555.07
Days on Market4
Property Features for 62-16 80th Avenue
General Information
Standard status
Active
Size
2,070 SF
Property subtype
Residential Income
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,911
Amenities
Full
Hardwood,Wood
3
No
Yes
First Floor Bedroom,First Floor Full Bath,Natural Woodwork
Fenced,Full
Public
4
Driveway, Garage
Concrete Perimeter
2070
Building Details
Building Size
2,070 SF
Year Built
1925
Listing Agency:
(516) 703-2918
Listed By:
John Taylor
Source:
Hedgestonehomes
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 3:46PM
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 John Taylor
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Investment Insights
Based on property information with market context.
This 2,070-square-foot duplex was built in 1925. Interior features include hardwood flooring, natural woodwork, and a first-floor bedroom and full bath. A driveway and garage provide on-site parking, and the property has fencing.
The home is minutes from the Jackie Robinson Highway, shopping areas, and schools. LaGuardia and JFK airports are each about 20 minutes away, while Manhattan is approximately 25 minutes away.
The home is minutes from the Jackie Robinson Highway, shopping areas, and schools. LaGuardia and JFK airports are each about 20 minutes away, while Manhattan is approximately 25 minutes away.
Key Highlights
- 2,070 square feet of interior space
- Built in 1925
- Hardwood flooring and natural woodwork
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,600
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
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
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 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 4.40%
Second Best
Multifamily LT 5
$489.5K
$428.3K – $571.0K
NOI $34,262 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $106,822 @ 7.0% cap · market cap 9.30%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,912
Businesses Nearby
Explore this area
Business Placement
Demographics for 11385, NY
100,883
Population
40,175
Households
2.5
Avg Household Size
36
Median Age
34%
College-Educated
84%
High-School Grad
3.6 sq mi
ZIP Area
28,023
Density / Sq Mi
$87,365
Median Household Income
$47,335
Median Earnings
$1,959
Median Rent
$842,800
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
Frequently Asked Questions
What type of property is this?
Duplex - The home offers hardwood flooring, natural woodwork, a driveway, and a garage.
Where is this duplex located?
The property is located at 62-16 80th Avenue Glendale, NY.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: 2,070 square feet of interior space; Built in 1925; Hardwood flooring and natural woodwork
