Renovated Duplex with Two-Car
For Sale
$899,900
62-20 80th Road, Glendale, NY 11385
Two updated residences offer contemporary kitchens, finished auxiliary areas, private parking, and a dedicated laundry room.
Property Size1,650 SF
Price / SF$545.39
Days on Market74
Property Features for 62-20 80th Road
General Information
Standard status
Active
Size
1,650 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,288
Amenities
laundry room
mini-split air conditioning
Building Details
Building Size
1,650 SF
Year Built
1925
Buildings
1
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Christopher L. Espinal · License #40ES1144459
(917) 945-5418
Source:
Cbwarburg
Added: Jun 22
Changed: Sep 3
Last Checked: Sep 1 at 11:03PM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
This detached duplex, built in 1925, contains two residential units with updated interiors and separate living layouts. Both residences feature refreshed kitchens with quartz work surfaces, stainless appliances, and replacement cabinetry, along with mini-split air conditioning. The first-floor apartment includes an open living arrangement, island seating, and an updated bath. Upstairs, the second unit adds a front primary bedroom, an open-concept plan, a remodeled bathroom, and access to a finished attic.
A full basement provides additional utility and storage space, while bonus rooms can support recreation, exercise, office, or storage uses. The property also includes a dedicated laundry room, private driveway, and spacious two-car garage. A gas boiler replaced in 2024 supplies steam heat throughout the home. The address is in Glendale, Queens, near shopping, schools, parks, and transportation.
A full basement provides additional utility and storage space, while bonus rooms can support recreation, exercise, office, or storage uses. The property also includes a dedicated laundry room, private driveway, and spacious two-car garage. A gas boiler replaced in 2024 supplies steam heat throughout the home. The address is in Glendale, Queens, near shopping, schools, parks, and transportation.
Key Highlights
- Detached two‑family duplex at 62‑20 80th Road, Glendale, NY 11385
- Built in 1925 with a gas boiler replaced in 2024
- Private driveway and spacious two‑car 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
$40,333
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
4.48%
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%
$806,660
$806.7K
Cap Rate 7%
$576,186
$576.2K
Cap Rate 9%
$448,144
$448.1K
Market Conditions
NOI Build-Up for 1,650 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
$76.2K $46.20/SF
− Vacancy
−$2.9K −$1.76/SF
EGI
$73.3K $44.44/SF
− OpEx
−$33.0K −$20.00/SF
NOI
$40.3K $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%
$806,660
Cap Rate 7%
$576,186
Cap Rate 9%
$448,144
Alternative Uses
Best Use
Apartment 5plus
$576.2K
$504.2K – $672.2K
NOI $40,333 @ 7.0% cap · market cap 4.48%
Second Best
Multifamily LT 5
$390.1K
$341.4K – $455.2K
NOI $27,310 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$1.22M
$1.06M – $1.42M
NOI $85,148 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,776
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
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 updated residences offer contemporary kitchens, finished auxiliary areas, private parking, and a dedicated laundry room.
Where is this duplex located?
The property is located at 62-20 80th Road Glendale, NY.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Detached two‑family duplex at 62‑20 80th Road, Glendale, NY 11385; Built in 1925 with a gas boiler replaced in 2024; Private driveway and spacious two‑car garage
