Brick Two-Family
New
For Sale
$1,250,000
70-22 68th Street, Glendale, NY 11385
Vacant at closing, with finished basement space, private garage, backyard, and wood floors throughout the living areas.
Property Size2,400 SF
Price / SF$520.83
Days on Market5
Property Features for 70-22 68th Street
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Duplex
Amenities
private garage
backyard
full finished basement
Building Details
Building Size
2,400 SF
Year Built
1920
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Crifasi Real Estate Inc
(718) 930-0040
Listed By:
Joseph V. Crifasi
Source:
Cbwarburg
Added: Jul 28
Changed: Jul 31
Last Checked: Jul 31 at 5:53PM
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 Crifasi Real Estate Inc
Investment Insights
Based on property information with market context.
This well-maintained, semi-detached brick duplex contains 2,400 square feet and was built in 1920. The first-floor unit includes an eat-in kitchen, formal dining room, living room with abundant windows, two bedrooms, and one full bathroom. The second-floor unit offers a similar layout with three bedrooms and one full bathroom. Wood floors and generous windows add character and natural light throughout the living spaces.
A full finished basement provides additional living or recreational space, while the property also includes a private garage and backyard. Delivered completely vacant at closing, the two-family home is located at 70-22 68th Street in Glendale, near shopping, schools, parks, public transportation, and major roadways.
A full finished basement provides additional living or recreational space, while the property also includes a private garage and backyard. Delivered completely vacant at closing, the two-family home is located at 70-22 68th Street in Glendale, near shopping, schools, parks, public transportation, and major roadways.
Key Highlights
- 2,400‑square‑foot semi‑detached brick duplex built in 1920
- Two‑family layout with 2 bedrooms on the first floor and 3 bedrooms on the second floor
- Each floor includes 1 full bathroom, an eat‑in kitchen, dining area, and living room
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $110.9k | $46.20 |
| − Vacancy | −$4.2k | −$1.76 |
| EGI | $106.7k | $44.44 |
| − OpEx | −$48.0k | −$20.00 |
| NOI | $58.7k | $24.44 |
2,400 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$838.1K
$733.3K – $977.8K
NOI $58,667 @ 7.0% cap · market cap 4.69%
Second Best
Multifamily LT 5
$567.5K
$496.6K – $662.1K
NOI $39,724 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,852 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,379
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Vacant at closing, with finished basement space, private garage, backyard, and wood floors throughout the living areas.
Where is this duplex located?
The property is located at 70-22 68th Street Glendale, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 2,400‑square‑foot semi‑detached brick duplex built in 1920; Two‑family layout with 2 bedrooms on the first floor and 3 bedrooms on the second floor; Each floor includes 1 full bathroom, an eat‑in kitchen, dining area, and living room
