Two-Family Residence with Attached
For Sale
$1,199,000
67-10 Selfridge Street, Forest Hills, NY 11375
Two-floor duplex with attached garage and private driveway, providing off-street parking.
Property Size1,575 SF
Days on Market96
Property Features for 67-10 Selfridge Street
General Information
Standard status
Active
Size
1,575 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$10,665
Building Details
Building Size
1,575 SF
Year Built
1950
Buildings
1
Tenancy
Multi
Listing Agency:
Mitra Hakimi Realty Group LLC
Listed By:
Etan Hakimi · License #1014541
(718) 268-5588
Source:
Barbieliteam
Added: Jun 10
Changed: Sep 8
Last Checked: Sep 13 at 12:45PM
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 Mitra Hakimi Realty Group LLC
Investment Insights
Based on property information with market context.
67-10 Selfridge Street is a two-family residence featuring two separate apartment layouts. The first-floor unit includes one bedroom, a full bathroom, a bright living room, and an open kitchen/dining area. The second-floor unit mirrors the functional flow with two bedrooms, a full bathroom, a living room, and a kitchen/dining area.
Off-street parking is supported by a private driveway and an attached garage. The property is located within School District 28.
For transportation access, residents have convenient options including the M and R subway lines at 67th Avenue Station, plus the E, F, M, and R trains at Forest Hills-71st Avenue Station. The Forest Hills Long Island Rail Road (LIRR) station is also nearby, supporting commutes to Manhattan and Long Island.
Built in 1950, the home sits in the Forest Hills area, with shopping and dining along Austin Street and nearby parks including Forest Park, Yellowstone Park, and Hawthorne Park Forest Hills.
Off-street parking is supported by a private driveway and an attached garage. The property is located within School District 28.
For transportation access, residents have convenient options including the M and R subway lines at 67th Avenue Station, plus the E, F, M, and R trains at Forest Hills-71st Avenue Station. The Forest Hills Long Island Rail Road (LIRR) station is also nearby, supporting commutes to Manhattan and Long Island.
Built in 1950, the home sits in the Forest Hills area, with shopping and dining along Austin Street and nearby parks including Forest Park, Yellowstone Park, and Hawthorne Park Forest Hills.
Key Highlights
- Two‑family residence with first‑floor one‑bedroom and second‑floor two‑bedroom layouts
- Each unit includes a full bathroom, living room, and kitchen/dining area
- Private driveway plus attached garage for off‑street parking
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
$38,500
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
3.21%
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%
$770,000
$770.0K
Cap Rate 7%
$550,000
$550.0K
Cap Rate 9%
$427,778
$427.8K
Market Conditions
NOI Build-Up for 1,575 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
$72.8K $46.20/SF
− Vacancy
−$2.8K −$1.76/SF
EGI
$70.0K $44.44/SF
− OpEx
−$31.5K −$20.00/SF
NOI
$38.5K $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%
$770,000
Cap Rate 7%
$550,000
Cap Rate 9%
$427,778
Alternative Uses
Best Use
Apartment 5plus
$550.0K
$481.3K – $641.7K
NOI $38,500 @ 7.0% cap · market cap 3.21%
Second Best
Multifamily LT 5
$372.4K
$325.9K – $434.5K
NOI $26,069 @ 7.0% cap · market cap 2.17%
Theoretical Best
Office A
$1.16M
$1.02M – $1.35M
NOI $81,278 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,375
Businesses Nearby
Explore this area
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-floor duplex with attached garage and private driveway, providing off-street parking.
Where is this duplex located?
The property is located at 67-10 Selfridge Street Forest Hills, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Two‑family residence with first‑floor one‑bedroom and second‑floor two‑bedroom layouts; Each unit includes a full bathroom, living room, and kitchen/dining area; Private driveway plus attached garage for off‑street parking
