Brick Three-Family
For Sale
$1,099,000
Pending
68-09 79 Street, Middle Village, NY 11379
The layout combines a five-room first-floor apartment with two one-bedroom residences upstairs.
Property Size1,938 SF
Days on Market9
Property Features for 68-09 79 Street
General Information
Standard status
Pending
Size
1,938 SF
Total Parking Spaces
2
Property subtype
Residential Income
Units
Unit Mix
1 x 5-room apartment, 2 x 1BR
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,987
Amenities
Finished
Wood
4
No
Yes
Eat-in Kitchen
Public
Garage
1938
Building Details
Building Size
1,938 SF
Year Built
1920
Construction
brick
Listing Agency:
Macaluso Realty
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 3:35PM
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 semi-detached brick property is configured as a legal three-family residence and was built in 1920. The first floor contains a five-room apartment, while the second floor has two one-bedroom apartments. The finished basement has a separate entrance, and a detached two-car garage is included.
The first-floor apartment, finished basement, and front second-floor apartment are slated for delivery vacant. The property offers 1,938 square feet and is in Middle Village, near shopping, transportation, and schools.
The first-floor apartment, finished basement, and front second-floor apartment are slated for delivery vacant. The property offers 1,938 square feet and is in Middle Village, near shopping, transportation, and schools.
Key Highlights
- Legal three‑family layout in a semi‑detached brick building
- 1,938 square feet; built in 1920
- Five‑room first‑floor apartment and two one‑bedroom apartments on the second floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,373
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$947,460
$947.5K
Cap Rate 7%
$676,757
$676.8K
Cap Rate 9%
$526,367
$526.4K
Market Conditions
NOI Build-Up for 1,938 SF
Gross rent
$89.5K $46.20/SF
− Vacancy
−$3.4K −$1.76/SF
EGI
$86.1K $44.44/SF
− OpEx
−$38.8K −$20.00/SF
NOI
$47.4K $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%
$947,460
Cap Rate 7%
$676,757
Cap Rate 9%
$526,367
Alternative Uses
Best Use
Apartment 5plus
$676.8K
$592.2K – $789.6K
NOI $47,373 @ 7.0% cap · market cap 4.31%
Second Best
Multifamily LT 5
$458.2K
$401.0K – $534.6K
NOI $32,077 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,010 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,213
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The layout combines a five-room first-floor apartment with two one-bedroom residences upstairs.
Where is this triplex located?
The property is located at 68-09 79 Street Middle Village, NY.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Legal three‑family layout in a semi‑detached brick building; 1,938 square feet; built in 1920; Five‑room first‑floor apartment and two one‑bedroom apartments on the second floor
