Vacant Four-Family
For Sale
$1,599,000
7031 67th Place, Glendale, NY 11385
Three two-bedroom units and one three-bedroom unit offer a flexible live-on-site configuration.
Property Size3,000 SF
Lot Size0.06 Acres
Price / SF$533
Days on Market27
Property Features for 7031 67th Place
General Information
Standard status
Active
Size
3,000 SF
Lot size
0.06 Acres
Property subtype
Quadruplex
Zoning
R5B
Building Details
Building Size
3,000 SF
Year Built
1931
Tenancy
Multi
Listing Agency:
Capri Jet Realty Corp
(347) 882-6469
Listed By:
Anetta Wojtasiewicz
Source:
Cbwarburg
Added: Jul 6
Changed: Jul 31
Last Checked: Jul 31 at 1:06PM
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 Capri Jet Realty Corp
Investment Insights
Based on property information with market context.
This well-maintained legal four-family property will be delivered vacant and includes three 2BR/1BATH units plus one 3BR/1BATH unit. The building measures 25 x 60 ft on a 25 x 96 ft lot, with a partially finished basement, green backyard, and convenient street parking. Built in 1931, the property is zoned R5B with a 1.25 FAR and 1.5 Max FAR.
Located in Glendale near Ridgewood, the property offers access to Myrtle Avenue shopping and dining, the M train, Q55 bus line, local restaurants and bars, PS 119, PS 91, and Highland Park. The vacant delivery provides flexibility for an investor or owner-occupant to plan future use and updates.
Located in Glendale near Ridgewood, the property offers access to Myrtle Avenue shopping and dining, the M train, Q55 bus line, local restaurants and bars, PS 119, PS 91, and Highland Park. The vacant delivery provides flexibility for an investor or owner-occupant to plan future use and updates.
Key Highlights
- Legal four‑family property delivered vacant
- Unit mix includes three 2BR/1BATH units and one 3BR/1BATH unit
- 25 x 60 ft building on a 25 x 96 ft lot
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 | $138.6k | $46.20 |
| − Vacancy | −$5.3k | −$1.76 |
| EGI | $133.3k | $44.44 |
| − OpEx | −$60.0k | −$20.00 |
| NOI | $73.3k | $24.44 |
3,000 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$916.7K – $1.22M
NOI $73,333 @ 7.0% cap · market cap 4.59%
Second Best
Multifamily LT 5
$709.4K
$620.7K – $827.6K
NOI $49,655 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$2.21M
$1.94M – $2.58M
NOI $154,814 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,923
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Three two-bedroom units and one three-bedroom unit offer a flexible live-on-site configuration.
Where is this quadplex located?
The property is located at 7031 67th Place Glendale, NY.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Legal four‑family property delivered vacant; Unit mix includes three 2BR/1BATH units and one 3BR/1BATH unit; 25 x 60 ft building on a 25 x 96 ft lot
