Brick Two-Family
For Sale
$1,499,000
6722 Burns Street, Forest Hills, NY 11375
Separate entrances serve a three-bedroom upper residence and a ground-floor studio, with a basement entrance as well.
Property Size2,103 SF
Days on Market8
Property Features for 6722 Burns Street
General Information
Standard status
Active
Size
2,103 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$11,377
Building Details
Building Size
2,103 SF
Year Built
1980
Listing Agency:
Royalux Realty LLC
Listed By:
Jieying Huang
(347) 666-3688
Source:
Barbieliteam
Added: Sep 29
Changed: Oct 5
Last Checked: Oct 5 at 10:53PM
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 Royalux Realty LLC
Investment Insights
Based on property information with market context.
This brick, semi-detached legal two-family duplex contains approximately 2,103 square feet across three above-grade levels on a 25-by-100-foot lot. The second and third floors form a three-bedroom residence with two and a half bathrooms; a studio occupies the first floor. Each residence has a separate entrance, as does the high-ceiling basement. The property was built in 1980 and will be delivered vacant. A private driveway, one-car garage, additional on-site parking, and a backyard round out the property’s features.
The home is approximately 0.3 miles from the 67th Avenue M/R subway station. Forest Hills–71st Avenue E/F/M/R and the Forest Hills LIRR station are also accessible. Nearby destinations include Trader Joe’s, BJ’s, Target, HomeGoods, supermarkets, restaurants, parks, and retail and dining along Austin Street, 71st Avenue, and Queens Boulevard.
The home is approximately 0.3 miles from the 67th Avenue M/R subway station. Forest Hills–71st Avenue E/F/M/R and the Forest Hills LIRR station are also accessible. Nearby destinations include Trader Joe’s, BJ’s, Target, HomeGoods, supermarkets, restaurants, parks, and retail and dining along Austin Street, 71st Avenue, and Queens Boulevard.
Key Highlights
- Legal two‑family property with a three‑bedroom, 2.5‑bath upper duplex and a first‑floor studio
- Approximately 2,103 square feet on a 25‑by‑100‑foot lot
- Separate entrances for both residences and the high‑ceiling basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,407
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,028,140
$1.0M
Cap Rate 7%
$734,386
$734.4K
Cap Rate 9%
$571,189
$571.2K
Market Conditions
NOI Build-Up for 2,103 SF
Gross rent
$97.2K $46.20/SF
− Vacancy
−$3.7K −$1.76/SF
EGI
$93.5K $44.44/SF
− OpEx
−$42.1K −$20.00/SF
NOI
$51.4K $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%
$1,028,140
Cap Rate 7%
$734,386
Cap Rate 9%
$571,189
Alternative Uses
Best Use
Apartment 5plus
$734.4K
$642.6K – $856.8K
NOI $51,407 @ 7.0% cap · market cap 3.43%
Second Best
Multifamily LT 5
$497.3K
$435.1K – $580.1K
NOI $34,808 @ 7.0% cap · market cap 2.32%
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,525 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,453
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 - Separate entrances serve a three-bedroom upper residence and a ground-floor studio, with a basement entrance as well.
Where is this duplex located?
The property is located at 6722 Burns Street Forest Hills, NY.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Legal two‑family property with a three‑bedroom, 2.5‑bath upper duplex and a first‑floor studio; Approximately 2,103 square feet on a 25‑by‑100‑foot lot; Separate entrances for both residences and the high‑ceiling basement
