Three-Unit Residential
For Sale
$1,695,000
Pending
64-05 102nd Street, Forest Hills, NY 11375
The property includes a ground-floor one-bedroom apartment and a larger upper-floor residence with outdoor space.
Property Size2,714 SF
Days on Market9
Property Features for 64-05 102nd Street
General Information
Standard status
Pending
Size
2,714 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
R7
Units
Unit Mix
1 x 1BR, 1 x 2BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$12,554
Amenities
Hardwood
3
No
5
Open Floorplan,Open Kitchen
Public
Driveway
Balcony
2714
Building Details
Building Size
2,714 SF
Year Built
1940
Listing Agency:
(516) 703-2918
Listed By:
Matthew Dubinsky
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 29
Last Checked: Oct 28 at 9:18AM
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 Matthew Dubinsky
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Investment Insights
Based on property information with market context.
This three-unit residential property contains 2,714 square feet and dates to 1940. The ground-floor apartment has one bedroom and access to the shared backyard. A two-bedroom, one-bath residence occupies the second and third floors, with a front terrace, private balcony, and access to the rear garden. A two-car garage and driveway provide on-site vehicle accommodation.
The property is zoned R7 and is near shopping, dining, and transportation. Hardwood flooring and open-plan kitchen areas are among the interior features.
The property is zoned R7 and is near shopping, dining, and transportation. Hardwood flooring and open-plan kitchen areas are among the interior features.
Key Highlights
- Three‑family property with 2,714 square feet
- Ground‑floor apartment has one bedroom and backyard access
- Two‑bedroom, one‑bath residence spans the second and third floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,342
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,326,840
$1.3M
Cap Rate 7%
$947,743
$947.7K
Cap Rate 9%
$737,133
$737.1K
Market Conditions
NOI Build-Up for 2,714 SF
Gross rent
$125.4K $46.20/SF
− Vacancy
−$4.8K −$1.76/SF
EGI
$120.6K $44.44/SF
− OpEx
−$54.3K −$20.00/SF
NOI
$66.3K $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 Rate 5%
$1,326,840
Cap Rate 7%
$947,743
Cap Rate 9%
$737,133
Alternative Uses
Best Use
Apartment 5plus
$947.7K
$829.3K – $1.11M
NOI $66,342 @ 7.0% cap · market cap 3.91%
Second Best
Multifamily LT 5
$641.7K
$561.5K – $748.7K
NOI $44,921 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $140,055 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,244
Businesses Nearby
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Business Placement
Demographics for 11375, NY
72,851
Population
35,415
Households
2.1
Avg Household Size
43
Median Age
61%
College-Educated
93%
High-School Grad
2.4 sq mi
ZIP Area
30,355
Density / Sq Mi
$104,319
Median Household Income
$75,149
Median Earnings
$2,126
Median Rent
$572,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The property includes a ground-floor one-bedroom apartment and a larger upper-floor residence with outdoor space.
Where is this triplex located?
The property is located at 64-05 102nd Street Forest Hills, NY.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Three‑family property with 2,714 square feet; Ground‑floor apartment has one bedroom and backyard access; Two‑bedroom, one‑bath residence spans the second and third floors
