Duplex with 3 Bedrooms and
For Sale
$860,000
69-37 68th Street, Glendale, NY 11385
Colonial-style duplex with three bedrooms, two full baths, an eat-in kitchen, and a one-car garage.
Property Size1,308 SF
Days on Market98
Property Features for 69-37 68th Street
General Information
Standard status
Active
Size
1,308 SF
Total Parking Spaces
1
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$7,268
Amenities
Eat In Kitchen
Building Details
Building Size
1,308 SF
Year Built
1930
Construction
Colonial
Listing Agency:
Island Advantage Realty LLC
Listed By:
Todd A. Yovino · License #49YO0956714
(631) 351-6000
Source:
Serhant
Added: Jun 8
Changed: Sep 2
Last Checked: Sep 13 at 11:30AM
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 Island Advantage Realty LLC
Investment Insights
Based on property information with market context.
This Colonial-style duplex at 69-37 68th Street in Glendale offers three bedrooms and two full bathrooms. The home includes an eat-in kitchen and a one-car garage for day-to-day convenience.
Built in 1930, the property provides a classic residential layout with practical interior space for everyday living. The information provided is estimated to the best of our abilities, but the core configuration is clearly described: bedrooms, full baths, eat-in kitchen, and attached garage space.
The home’s size and arrangement make it suitable for tenants or owner-occupants looking for a residential income property with defined bedroom and bath count, plus a garage.
Built in 1930, the property provides a classic residential layout with practical interior space for everyday living. The information provided is estimated to the best of our abilities, but the core configuration is clearly described: bedrooms, full baths, eat-in kitchen, and attached garage space.
The home’s size and arrangement make it suitable for tenants or owner-occupants looking for a residential income property with defined bedroom and bath count, plus a garage.
Key Highlights
- Colonial‑style duplex at 69‑37 68th Street in Glendale, NY
- 3 bedrooms
- 2 full baths
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,973
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$639,460
$639.5K
Cap Rate 7%
$456,757
$456.8K
Cap Rate 9%
$355,256
$355.3K
Market Conditions
NOI Build-Up for 1,308 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$60.4K $46.20/SF
− Vacancy
−$2.3K −$1.76/SF
EGI
$58.1K $44.44/SF
− OpEx
−$26.2K −$20.00/SF
NOI
$32.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$639,460
Cap Rate 7%
$456,757
Cap Rate 9%
$355,256
Alternative Uses
Best Use
Apartment 5plus
$456.8K
$399.7K – $532.9K
NOI $31,973 @ 7.0% cap · market cap 3.72%
Second Best
Multifamily LT 5
$309.3K
$270.6K – $360.8K
NOI $21,650 @ 7.0% cap · market cap 2.52%
Theoretical Best
Office A
$964.3K
$843.7K – $1.12M
NOI $67,499 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,672
Businesses Nearby
Explore this area
Business Placement
Demographics for 11385, NY
100,883
Population
40,175
Households
2.5
Avg Household Size
36
Median Age
34%
College-Educated
84%
High-School Grad
3.6 sq mi
ZIP Area
28,023
Density / Sq Mi
$87,365
Median Household Income
$47,335
Median Earnings
$1,959
Median Rent
$842,800
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
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Frequently Asked Questions
What type of property is this?
Duplex - Colonial-style duplex with three bedrooms, two full baths, an eat-in kitchen, and a one-car garage.
Where is this duplex located?
The property is located at 69-37 68th Street Glendale, NY.
What is the asking price?
The asking price for this property is $860,000.
What are key features of this property?
This property features: Colonial‑style duplex at 69‑37 68th Street in Glendale, NY; 3 bedrooms; 2 full baths
