Brick
New
For Sale
$1,149,000
6758 78th Street, Middle Village, NY 11379
The semi-detached residence contains two family units and dates to 1910.
Property Size2,800 SF
Days on Market3
Property Features for 6758 78th Street
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,660
Building Details
Building Size
2,800 SF
Year Built
1910
Construction
Brick
Listing Agency:
Elite Team Realty LLC
Listed By:
Augusto O. Torres
(718) 552-2352
Source:
Serhant
Added: Nov 1
Changed: Nov 3
Last Checked: Nov 3 at 2:30PM
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 Elite Team Realty LLC
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Investment Insights
Based on property information with market context.
This brick, semi-detached duplex contains two family units. Built in 1910, the residence offers a two-unit configuration suited to multifamily use.
The property is at 6758 78th Street in Middle Village, New York, two blocks from Metropolitan Avenue.
The property is at 6758 78th Street in Middle Village, New York, two blocks from Metropolitan Avenue.
Key Highlights
- Two family units in a brick, semi‑detached structure
- Built in 1910
- Two blocks from Metropolitan Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,444
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,368,880
$1.4M
Cap Rate 7%
$977,771
$977.8K
Cap Rate 9%
$760,489
$760.5K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$129.4K $46.20/SF
− Vacancy
−$4.9K −$1.76/SF
EGI
$124.4K $44.44/SF
− OpEx
−$56.0K −$20.00/SF
NOI
$68.4K $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%
$1,368,880
Cap Rate 7%
$977,771
Cap Rate 9%
$760,489
Alternative Uses
Best Use
Apartment 5plus
$977.8K
$855.6K – $1.14M
NOI $68,444 @ 7.0% cap · market cap 5.96%
Second Best
Multifamily LT 5
$662.1K
$579.3K – $772.4K
NOI $46,345 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$2.06M
$1.81M – $2.41M
NOI $144,493 @ 7.0% cap · market cap 12.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,512
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
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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 - The semi-detached residence contains two family units and dates to 1910.
Where is this duplex located?
The property is located at 6758 78th Street Middle Village, NY.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: Two family units in a brick, semi‑detached structure; Built in 1910; Two blocks from Metropolitan Avenue
