Two-Family Duplex
For Sale
$1,150,000
67-43 79th Street, Middle Village, NY 11379
Three-bedroom first floor includes an eat-in kitchen and in-unit laundry.
Property Size2,160 SF
Days on Market13
Property Features for 67-43 79th Street
General Information
Standard status
Active
Size
2,160 SF
Property subtype
Duplex
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,985
Building Details
Building Size
2,160 SF
Year Built
1920
Listing Agency:
Macaluso Realty
(718) 894-5000
Listed By:
Cody Macaluso · License #10301221305
Source:
Serhant
Added: Aug 11
Changed: Aug 22
Last Checked: Aug 23 at 9:10AM
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 Macaluso Realty
Investment Insights
Based on property information with market context.
Built in 1920, this two-family duplex property includes a three-bedroom first-floor residence with an eat-in kitchen, more than 20 cabinets, and laundry within the apartment. The second floor contains two apartments, including a studio without a kitchen.
A large basement adds a new kitchen, a full new bathroom, and a separate connection to the yard through granite stairs. The first floor also has its own access to a private yard. The property is located at 67-43 79th Street in Middle Village, near PS 87, a playground two blocks away, Metro Avenue shopping, a mall, and two bus lines.
A large basement adds a new kitchen, a full new bathroom, and a separate connection to the yard through granite stairs. The first floor also has its own access to a private yard. The property is located at 67-43 79th Street in Middle Village, near PS 87, a playground two blocks away, Metro Avenue shopping, a mall, and two bus lines.
Key Highlights
- Three‑bedroom first‑floor residence with eat‑in kitchen and in‑unit laundry
- Eat‑in kitchen includes over 20 cabinets
- Second floor contains two apartments, including a studio without a kitchen
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
$52,800
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
4.59%
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%
$1,056,000
$1.1M
Cap Rate 7%
$754,286
$754.3K
Cap Rate 9%
$586,667
$586.7K
Market Conditions
NOI Build-Up for 2,160 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
$99.8K $46.20/SF
− Vacancy
−$3.8K −$1.76/SF
EGI
$96.0K $44.44/SF
− OpEx
−$43.2K −$20.00/SF
NOI
$52.8K $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 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%
$1,056,000
Cap Rate 7%
$754,286
Cap Rate 9%
$586,667
Alternative Uses
Best Use
Apartment 5plus
$754.3K
$660.0K – $880.0K
NOI $52,800 @ 7.0% cap · market cap 4.59%
Second Best
Multifamily LT 5
$510.7K
$446.9K – $595.9K
NOI $35,751 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,466 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
981
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 - Three-bedroom first floor includes an eat-in kitchen and in-unit laundry.
Where is this duplex located?
The property is located at 67-43 79th Street Middle Village, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Three‑bedroom first‑floor residence with eat‑in kitchen and in‑unit laundry; Eat‑in kitchen includes over 20 cabinets; Second floor contains two apartments, including a studio without a kitchen
