Three-Unit Multifamily
New
For Sale
$1,350,000
6439 74th Avenue, Glendale, NY 11385
Each residence has its own gas and electric meters.
Property Size3,420 SF
Price / SF$394.74
Days on Market7
Property Features for 6439 74th Avenue
General Information
Standard status
Active
Size
3,420 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
3
Individually Metered Utilities
gas, electricity
Taxes and HOA fees
Annual Taxes
$7,884
Amenities
First Floor Bedroom
First Floor Full Bath
Breakfast Bar
Entrance Foyer
Formal Dining
Pantry
Building Details
Building Size
3,420 SF
Year Built
1910
Units
3
Listing Agency:
RE/MAX City Square
Listed By:
Eduin De Los Santos · License #10401336151
(516) 581-9007
Source:
Georgemcknight
Added: Oct 19
Changed: Oct 23
Last Checked: Oct 23 at 2:17PM
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 RE/MAX City Square
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Investment Insights
Based on property information with market context.
This 3,420-square-foot, three-family property was built in 1910. Its lower-level residence contains two bedrooms, one bathroom, a living room, and a kitchen. The middle-floor unit has two bedrooms and one bathroom, along with a living room and formal dining room. Upstairs, the third residence offers three bedrooms, one bathroom, a living room, and a formal dining room.
Separate gas and electric meters serve all three units. The property is located at 6439 74th Avenue in Glendale, New York.
Separate gas and electric meters serve all three units. The property is located at 6439 74th Avenue in Glendale, New York.
Key Highlights
- Legal three‑family property with 3,420 square feet
- Separate gas and electric meters for each unit
- Lower‑level unit: 2 bedrooms, 1 bathroom, living room, and kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,600
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,672,000
$1.7M
Cap Rate 7%
$1,194,286
$1.2M
Cap Rate 9%
$928,889
$928.9K
Market Conditions
NOI Build-Up for 3,420 SF
Gross rent
$158.0K $46.20/SF
− Vacancy
−$6.0K −$1.76/SF
EGI
$152.0K $44.44/SF
− OpEx
−$68.4K −$20.00/SF
NOI
$83.6K $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%
$1,672,000
Cap Rate 7%
$1,194,286
Cap Rate 9%
$928,889
Alternative Uses
Best Use
Apartment 5plus
$1.19M
$1.05M – $1.39M
NOI $83,600 @ 7.0% cap · market cap 6.19%
Second Best
Multifamily LT 5
$808.7K
$707.6K – $943.5K
NOI $56,607 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$2.52M
$2.21M – $2.94M
NOI $176,488 @ 7.0% cap · market cap 13.07%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,916
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?
Triplex - Each residence has its own gas and electric meters.
Where is this triplex located?
The property is located at 6439 74th Avenue Glendale, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Legal three‑family property with 3,420 square feet; Separate gas and electric meters for each unit; Lower‑level unit: 2 bedrooms, 1 bathroom, living room, and kitchen
