Two-Unit Duplex with
70-24 Utopia Parkway, Fresh Meadows, NY 11365
For Sale
$1,188,000
Separate kitchens and full bathrooms serve the first- and second-floor residences.
Property Size1,424 SF
Lot Size0.06 Acres
Price / SF$834.27
Days on Market70
Property Features for 70-24 Utopia Parkway
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
garage
private yard
balcony
First Floor Bedroom
First Floor Full Bath
Quartz/Quartzite Counters
Balcony
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
Julia & Lena Metelev R E Group
Listed By:
Lena Metelev
(718) 591-5000
Source:
Croninreale
Added: Aug 31
Changed: Nov 7
Last Checked: Nov 7 at 2:19PM
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 Julia & Lena Metelev R E Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,424-square-foot duplex contains two residences. The first-floor unit has a living room, one bedroom with a balcony, an updated kitchen and an updated full bathroom. The second-floor unit includes two bedrooms, a kitchen and a full bathroom. An unfinished basement opens to the yard and garage. Heating is natural gas with three zones; the property dates to 1940.
The 18' x 149' lot is zoned R4 and includes a private yard. St. John's University, mass transit, shopping, parks, schools and houses of worship are nearby. The property is zoned for PS 173 in School District 26.
The 18' x 149' lot is zoned R4 and includes a private yard. St. John's University, mass transit, shopping, parks, schools and houses of worship are nearby. The property is zoned for PS 173 in School District 26.
Key Highlights
- Two‑unit duplex with a 1,424‑square‑foot building
- 18' x 149' lot with R4 zoning
- First‑floor unit has one bedroom, balcony, updated kitchen and updated full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,809
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$696,180
$696.2K
Cap Rate 7%
$497,271
$497.3K
Cap Rate 9%
$386,767
$386.8K
Market Conditions
NOI Build-Up for 1,424 SF
Gross rent
$65.8K $46.20/SF
− Vacancy
−$2.5K −$1.76/SF
EGI
$63.3K $44.44/SF
− OpEx
−$28.5K −$20.00/SF
NOI
$34.8K $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%
$696,180
Cap Rate 7%
$497,271
Cap Rate 9%
$386,767
Alternative Uses
Best Use
Apartment 5plus
$497.3K
$435.1K – $580.2K
NOI $34,809 @ 7.0% cap · market cap 2.93%
Second Best
Multifamily LT 5
$336.7K
$294.6K – $392.8K
NOI $23,569 @ 7.0% cap · market cap 1.98%
Theoretical Best
Office A
$1.05M
$918.6K – $1.22M
NOI $73,485 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
300
Businesses Nearby
Explore this area
Business Placement
Demographics for 11365, NY
46,908
Population
16,626
Households
2.8
Avg Household Size
41
Median Age
39%
College-Educated
84%
High-School Grad
2.5 sq mi
ZIP Area
18,763
Density / Sq Mi
$85,375
Median Household Income
$51,458
Median Earnings
$1,869
Median Rent
$911,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Duplexes in Fresh Meadows
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate kitchens and full bathrooms serve the first- and second-floor residences.
Where is this duplex located?
The property is located at 70-24 Utopia Parkway Fresh Meadows, NY.
What is the asking price?
The asking price for this property is $1,188,000.
What are key features of this property?
This property features: Two‑unit duplex with a 1,424‑square‑foot building; 18' x 149' lot with R4 zoning; First‑floor unit has one bedroom, balcony, updated kitchen and updated full bathroom
