Colonial Residential Income
For Sale
$1,100,000
Pending
67-43 79th Street, Middle Village, NY 11379
The residence has a finished basement with walk-out access and wall/window units.
Property Size2,160 SF
Days on Market81
Property Features for 67-43 79th Street
General Information
Standard status
Pending
Size
2,160 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$7,985
Amenities
Wall/Window Unit(s)
Natural Gas
Finished, Full, Walk-Out Access
No Garage, None
Colonial
Building Details
Building Size
2,160 SF
Year Built
1920
Listing Agency:
MACALUSO REALTY
Listed By:
Cody Macaluso · License #10301221305
(718) 894-5000
Source:
Evrealestate
Added: Aug 11
Changed: Oct 26
Last Checked: Oct 28 at 8:34AM
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
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Investment Insights
Based on property information with market context.
This Colonial-style residential income property was built in 1920. Interior features include a finished full basement with walk-out access, wall/window units, and natural gas. The property has no garage.
The address is 67-43 79th Street in Middle Village, Queens, New York.
The address is 67-43 79th Street in Middle Village, Queens, New York.
Key Highlights
- Built in 1920
- Colonial‑style exterior
- Finished full basement with walk‑out access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,800
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
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
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 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 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,466 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
981
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - The residence has a finished basement with walk-out access and wall/window units.
Where is this residential income property 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 $1,100,000.
What are key features of this property?
This property features: Built in 1920; Colonial‑style exterior; Finished full basement with walk‑out access
