Brick Duplex with
For Sale
$1,499,999
Pending
66-11 Burns Street, Rego Park, NY 11374
Two legal units are complemented by a full basement with a separate entrance.
Property Size2,079 SF
Days on Market9
Property Features for 66-11 Burns Street
General Information
Standard status
Pending
Size
2,079 SF
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$12,500
Amenities
granite counters
stainless steel appliances
backyard
full basement with separate entrance
private driveway
garage
side yard
Full
Brick
2
No
Yes
3
First Floor Bedroom,First Floor Full Bath,Beamed Ceilings,Eat-in Kitchen
Public
Driveway, Garage
2079
Building Details
Building Size
2,079 SF
Year Built
1945
Buildings
1
Construction
brick
Listing Agency:
Keller Williams Realty Greater
(516) 703-2918
Listed By:
John Taylor
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 4:38PM
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 Keller Williams Realty Greater
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Investment Insights
Based on property information with market context.
This 1945 brick duplex in Rego Park contains two legal units. The property also has a full basement with its own entrance, a private driveway, and a garage. Interior features noted include granite kitchen counters, stainless steel appliances, beamed ceilings, and an eat-in kitchen, along with a backyard.
The Burns Street property is near Queens Boulevard, with shopping, dining, schools, and public transportation in the surrounding area.
The Burns Street property is near Queens Boulevard, with shopping, dining, schools, and public transportation in the surrounding area.
Key Highlights
- Two legal units
- 1945 construction
- Full basement with separate entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,820
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,016,400
$1.0M
Cap Rate 7%
$726,000
$726.0K
Cap Rate 9%
$564,667
$564.7K
Market Conditions
NOI Build-Up for 2,079 SF
Gross rent
$96.0K $46.20/SF
− Vacancy
−$3.6K −$1.76/SF
EGI
$92.4K $44.44/SF
− OpEx
−$41.6K −$20.00/SF
NOI
$50.8K $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%
$1,016,400
Cap Rate 7%
$726,000
Cap Rate 9%
$564,667
Alternative Uses
Best Use
Apartment 5plus
$726.0K
$635.3K – $847.0K
NOI $50,820 @ 7.0% cap · market cap 3.39%
Second Best
Multifamily LT 5
$491.6K
$430.1K – $573.5K
NOI $34,411 @ 7.0% cap · market cap 2.29%
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,286 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5,634
Businesses Nearby
Explore this area
Business Placement
Demographics for 11374, NY
47,129
Population
21,197
Households
2.2
Avg Household Size
43
Median Age
51%
College-Educated
90%
High-School Grad
0.9 sq mi
ZIP Area
52,366
Density / Sq Mi
$86,333
Median Household Income
$58,309
Median Earnings
$1,957
Median Rent
$484,500
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 - Two legal units are complemented by a full basement with a separate entrance.
Where is this duplex located?
The property is located at 66-11 Burns Street Rego Park, NY.
What is the asking price?
The asking price for this property is $1,499,999.
What are key features of this property?
This property features: Two legal units; 1945 construction; Full basement with separate entrance
