Two-Family Duplex With
For Sale
$998,000
6268 Mount Olivet Crescent, Middle Village, NY 11379
Semi-attached duplex with a backyard, full basement, and an additional full bathroom.
Property Size2,572 SF
Price / SF$388.02
Days on Market23
Property Features for 6268 Mount Olivet Crescent
General Information
Standard status
Active
Size
2,572 SF
Property subtype
Quadruplex
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,601
Amenities
full basement
backyard
Building Details
Building Size
2,572 SF
Year Built
1950
Listing Agency:
JAPHOMES Inc
(718) 323-1100
Listed By:
Jeewan Persaud
Source:
Cbwarburg
Added: Jul 15
Changed: Aug 5
Last Checked: Aug 5 at 4:33AM
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 JAPHOMES Inc
Investment Insights
Based on property information with market context.
This two-family duplex at 6268 Mount Olivet Crescent is a semi-attached residential income property offering 2,572 square feet of space. Built in 1950, the home includes a full basement with a large room and an additional full bathroom, expanding the property's functional layout.
A backyard provides outdoor space for gatherings and leisure. The property is in Middle Village, Maspeth, with shopping and public transportation described as conveniently accessible. Its Queens location combines a residential setting with access to nearby local amenities and transit options.
A backyard provides outdoor space for gatherings and leisure. The property is in Middle Village, Maspeth, with shopping and public transportation described as conveniently accessible. Its Queens location combines a residential setting with access to nearby local amenities and transit options.
Key Highlights
- Two‑family duplex with 2,572 square feet
- Semi‑attached home with backyard
- Full basement includes a large room and full bathroom
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 | $118.8k | $46.20 |
| − Vacancy | −$4.5k | −$1.76 |
| EGI | $114.3k | $44.44 |
| − OpEx | −$51.4k | −$20.00 |
| NOI | $62.9k | $24.44 |
2,572 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$898.2K
$785.9K – $1.05M
NOI $62,871 @ 7.0% cap · market cap 6.30%
Second Best
Multifamily LT 5
$608.2K
$532.1K – $709.5K
NOI $42,571 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$1.90M
$1.66M – $2.21M
NOI $132,728 @ 7.0% cap · market cap 13.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,904
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 - Semi-attached duplex with a backyard, full basement, and an additional full bathroom.
Where is this duplex located?
The property is located at 6268 Mount Olivet Crescent Middle Village, NY.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: Two‑family duplex with 2,572 square feet; Semi‑attached home with backyard; Full basement includes a large room and full bathroom
