Two-Family Duplex with Finished
For Sale
$1,480,000
6728 Utopia Parkway, Fresh Meadows, NY 11365
Residential Income, Fresh Meadows, NY
Property Size2,656 SF
Lot Size0.05 Acres
Price / SF$557.23
Days on Market8
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Property Features for 6728 Utopia Parkway
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 2, Bathroom 4, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 6, Bathroom 1, Bathroom 5, Basement, Bedroom 5, Bedroom 2, Bedroom 4
Parking features
Driveway, Garage
Interior features
First Floor Bedroom
Basement
Finished
Elementary school
Ps 173 Fresh Meadows
Middle school
Jhs 216 George J Ryan
High school
Francis Lewis High School
Elementary school district
Queens 26
Middle school district
Queens 26
High school district
Queens 26
Standard status
Active
APN
06929-0027
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
11326
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1955
Number of units
2
Building materials
Brick
Listing Agency:
Prospes Real Estate Corp
(718) 321-2800
Listed By:
Huanyan Li · License #10401267841
(347) 885-8668
Added: Oct 8
Changed: Oct 13
Last Checked: Oct 15 at 5:06PM
MLS# 1060552
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This brick duplex, built in 1955, contains two three-bedroom residences. Each floor has two full bathrooms; the upper residence also has a new kitchen and appliances, along with new flooring. A finished, walk-in basement adds another full bathroom and flexible interior space. The property includes a one-car garage and driveway parking, with public water and sewer service.
The home is at 6728 Utopia Parkway in Fresh Meadows, within Queens School District 26. Shopping, supermarkets, restaurants, schools, parks, and public transportation are nearby, with access to major roadways.
The home is at 6728 Utopia Parkway in Fresh Meadows, within Queens School District 26. Shopping, supermarkets, restaurants, schools, parks, and public transportation are nearby, with access to major roadways.
Key Highlights
- Two three‑bedroom residences, each with two full bathrooms
- Approximately 2,656 SF of living space on a 2,202 SF lot
- Finished, walk‑in basement with 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.
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate three-bedroom floors and a finished lower level provide distinct living areas within the property.
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 three‑bedroom residences, each with two full bathrooms; Approximately 2,656 SF of living space on a 2,202 SF lot; Finished, walk‑in basement with a full bathroom
