Building Details

Building Size 2,340 SF

Year Built 1950

Buildings 1

Units 2

Listed By: Gail Leone Show Phone

Source: Clairedleone

Added: Mar 11 Changed: Oct 26 Last Checked: Oct 26 at 3:43AM

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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 Gail Leone

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Investment Insights

Based on property information with market context.

This legal two-family residence offers a six-bedroom, 2.5-bathroom configuration within a 2,340-square-foot structure built in 1950. The property remains in its original condition and requires renovation, providing a flexible starting point for buyers planning updates. A driveway and private outdoor area add practical utility to the 40-by-100-foot lot.

The home is located in Oakland Gardens, Queens, within School District 26 and zoned for PS 213, JHS 74, and Benjamin N. Cardozo High School. Alley Pond Park and the Vanderbilt Motor Parkway provide nearby recreational destinations, while Bell Boulevard and Key Food serve everyday dining and shopping needs. Express bus service is available via the QM5, QM8, and QM35 routes, including connections to Manhattan.

The two-family layout and bedroom count support a range of owner-occupant and multigenerational living arrangements, subject to renovation plans and applicable requirements.

Key Highlights

• Legal two‑family residence with 6 bedrooms and 2.5 bathrooms
• 2,340‑square‑foot structure built in 1950
• 40' x 100' lot with a driveway and private outdoor area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$57,200

Cap Rate

3.81%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,144,000 $1.1M

Cap Rate 7%

$817,143 $817.1K

Cap Rate 9%

$635,556 $635.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,340 SF

Gross rent

$108.1K $46.20/SF

− Vacancy

−$4.1K −$1.76/SF

EGI

$104.0K $44.44/SF

− OpEx

−$46.8K −$20.00/SF

NOI

$57.2K $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%

$1,144,000

Cap Rate 7%

$817,143

Cap Rate 9%

$635,556

Alternative Uses

Best Use

Apartment 5plus

$817.1K

$715.0K – $953.3K (±1% cap)

NOI $57,200 @ 7.0% cap · market cap 3.81%

Second Best

Multifamily LT 5

$553.3K

$484.1K – $645.5K (±1% cap)

NOI $38,731 @ 7.0% cap · market cap 2.58%

Theoretical Best

Office A

$1.73M

$1.51M – $2.01M (±1% cap)

NOI $120,755 @ 7.0% cap · market cap 8.05%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

753

Businesses Nearby

Explore this area Business Placement

Demographics for 11364, NY

37,032

Population

14,527

Households

2.5

Avg Household Size

45

Median Age

49%

College-Educated

86%

High-School Grad

2.5 sq mi

ZIP Area

14,813

Density / Sq Mi

$101,222

Median Household Income

$55,295

Median Earnings

$2,330

Median Rent

$770,100

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Legal two-family property with six bedrooms, a driveway, and outdoor space for customization.

Where is this duplex located?

The property is located at 6912 Cloverdale Boulevard Oakland Gardens, NY.

What is the asking price?

The asking price for this property is $1,499,949.

What are key features of this property?

This property features: Legal two‑family residence with 6 bedrooms and 2.5 bathrooms; 2,340‑square‑foot structure built in 1950; 40' x 100' lot with a driveway and private outdoor area