Brick Two-Family Home With
For Sale
$2,198,000
68-41 Dartmouth Street, Forest Hills, NY 11375
Legal two-family layout includes a renovated upper apartment, finished basement, attic space, and attached parking.
Property Size4,420 SF
Lot Size0.06 Acres
Price / SF$549.50
Days on Market129
Property Features for 68-41 Dartmouth Street
General Information
Standard status
Active
Size
4,420 SF
Total Parking Spaces
2
Lot size
0.06 Acres
Property subtype
Triplex
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$15,675
Amenities
fireplace
sunroom
finished basement
laundry/utility room
Building Details
Building Size
4,420 SF
Year Built
1930
Year Renovated
2019
Buildings
1
Stories
3
Construction
brick
Tenancy
Multi
Listing Agency:
EXP Realty
Listed By:
Carolina Grunner
(718) 316-0422
Source:
Barbieliteam
Added: Jun 28
Changed: Oct 31
Last Checked: Nov 1 at 2:03PM
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 EXP Realty
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Investment Insights
Based on property information with market context.
This legal two-family Tudor-style residence was built in 1930 on a 25x100 sq ft lot, with building dimensions of 20.5 x 68 and approximately 4000 sq ft of total livable area. The first apartment offers two bedrooms, one full bathroom, an eat-in kitchen, formal dining room, living room with fireplace, and sunroom. The second apartment follows a similar two-bedroom layout and was renovated in 2019.
A finished attic provides additional space and includes a full bathroom. Both apartments have indoor access to the finished basement, where the laundry and utility room are located. The basement also includes a full bathroom, private egress, and direct entry to the 2-car attached garage.
The property is half a block from Forest Hills Gardens and near West Side Tennis Club and Forest Hills Stadium. Continental/71st Ave E/F/R and LIRR are 0.4 miles away, while Austin Street provides nearby cafes, restaurants, shopping, and everyday services.
A finished attic provides additional space and includes a full bathroom. Both apartments have indoor access to the finished basement, where the laundry and utility room are located. The basement also includes a full bathroom, private egress, and direct entry to the 2-car attached garage.
The property is half a block from Forest Hills Gardens and near West Side Tennis Club and Forest Hills Stadium. Continental/71st Ave E/F/R and LIRR are 0.4 miles away, while Austin Street provides nearby cafes, restaurants, shopping, and everyday services.
Key Highlights
- Legal 2‑family residence with approximately 4000 sq ft of total livable area
- 25x100 sq ft lot with 20.5 x 68 building dimensions
- Second‑floor apartment renovated in 2019
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,778
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,955,560
$2.0M
Cap Rate 7%
$1,396,829
$1.4M
Cap Rate 9%
$1,086,422
$1.1M
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$184.8K $46.20/SF
− Vacancy
−$7.0K −$1.76/SF
EGI
$177.8K $44.44/SF
− OpEx
−$80.0K −$20.00/SF
NOI
$97.8K $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%
$1,955,560
Cap Rate 7%
$1,396,829
Cap Rate 9%
$1,086,422
Alternative Uses
Best Use
Apartment 5plus
$1.40M
$1.22M – $1.63M
NOI $97,778 @ 7.0% cap · market cap 4.45%
Second Best
Multifamily LT 5
$945.8K
$827.6K – $1.10M
NOI $66,206 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$2.95M
$2.58M – $3.44M
NOI $206,419 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5,173
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family layout includes a renovated upper apartment, finished basement, attic space, and attached parking.
Where is this duplex located?
The property is located at 68-41 Dartmouth Street Forest Hills, NY.
What is the asking price?
The asking price for this property is $2,198,000.
What are key features of this property?
This property features: Legal 2‑family residence with approximately 4000 sq ft of total livable area; 25x100 sq ft lot with 20.5 x 68 building dimensions; Second‑floor apartment renovated in 2019
