Duplex with Finished
New
For Sale
$1,480,000
6728 Utopia Parkway, Fresh Meadows, NY 11365
Two-family residence with a garage and a finished basement offering additional interior space.
Property Size2,656 SF
Lot Size0.05 Acres
Price / SF$557.23
Days on Market4
Property Features for 6728 Utopia Parkway
General Information
Standard status
Active
Size
2,656 SF
Total Parking Spaces
1
Lot size
0.05 Acres
Property subtype
Duplex
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$11,326
Building Details
Building Size
2,656 SF
Year Built
1955
Listing Agency:
Prospes Real Estate Corp
Listed By:
Huanyan Li · License #10401267841
(347) 885-8668
Source:
Cottiemaxwellrealestate
Added: Oct 11
Changed: Oct 12
Last Checked: Oct 13 at 3:56AM
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 Prospes Real Estate Corp
Investment Insights
Based on property information with market context.
This two-family property contains approximately 2,656 square feet of living area on a 2,202-square-foot lot. Each of the two floors has three bedrooms and two full bathrooms. The upper floor has a new kitchen and flooring, while the finished basement includes a full bathroom. A one-car garage is also part of the property, which was built in 1955.
The home is in Fresh Meadows, within Queens School District 26. Shopping, supermarkets, restaurants, schools, parks, and public transportation are nearby, with access to major roadways and other Queens neighborhoods.
The home is in Fresh Meadows, within Queens School District 26. Shopping, supermarkets, restaurants, schools, parks, and public transportation are nearby, with access to major roadways and other Queens neighborhoods.
Key Highlights
- Two‑family property with approximately 2,656 SF of living area on a 2,202 SF lot
- Each floor has 3 bedrooms and 2 full bathrooms
- Finished basement includes a full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,924
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,298,480
$1.3M
Cap Rate 7%
$927,486
$927.5K
Cap Rate 9%
$721,378
$721.4K
Market Conditions
NOI Build-Up for 2,656 SF
Gross rent
$122.7K $46.20/SF
− Vacancy
−$4.7K −$1.76/SF
EGI
$118.0K $44.44/SF
− OpEx
−$53.1K −$20.00/SF
NOI
$64.9K $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%
$1,298,480
Cap Rate 7%
$927,486
Cap Rate 9%
$721,378
Alternative Uses
Best Use
Apartment 5plus
$927.5K
$811.6K – $1.08M
NOI $64,924 @ 7.0% cap · market cap 4.39%
Second Best
Multifamily LT 5
$628.0K
$549.5K – $732.7K
NOI $43,961 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$1.96M
$1.71M – $2.28M
NOI $137,062 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,186
Businesses Nearby
Explore this area
Business Placement
Demographics for 11365, NY
46,908
Population
16,626
Households
2.8
Avg Household Size
41
Median Age
39%
College-Educated
84%
High-School Grad
2.5 sq mi
ZIP Area
18,763
Density / Sq Mi
$85,375
Median Household Income
$51,458
Median Earnings
$1,869
Median Rent
$911,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-family residence with a garage and a finished basement offering additional interior space.
Where is this duplex located?
The property is located at 6728 Utopia Parkway Fresh Meadows, NY.
What is the asking price?
The asking price for this property is $1,480,000.
What are key features of this property?
This property features: Two‑family property with approximately 2,656 SF of living area on a 2,202 SF lot; Each floor has 3 bedrooms and 2 full bathrooms; Finished basement includes a full bathroom
