Duplex Property with Finished
For Sale
$1,599,000
7036 70th Street, New York, NY 11385
Two stacked duplex apartments provide separate multi-bedroom layouts, while a finished basement adds further usable space.
Property Size2,448 SF
Lot Size0.07 Acres
Price / SF$653.19
Days on Market22
Property Features for 7036 70th Street
General Information
Standard status
Active
Size
2,448 SF
Lot size
0.07 Acres
Property subtype
Duplex
Site & Location
Neighborhood
Mill Basin
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/2BA, 1 x 4BR/2.5BA
Multifamily Units
2
Amenities
finished basement
private parking
split A/C units
fenced front and rear yards
Building Details
Year Built
2025
Buildings
1
Stories
3
Listing Agency:
New Home Mega Management Corp
Listed By:
Haiim Russo · License #10311205952
(718) 808-2030
Source:
Neilcharlesrealestate
Added: Oct 9
Changed: Oct 30
Last Checked: Oct 30 at 2:16AM
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 New Home Mega Management Corp
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2025, this detached duplex property contains two apartments arranged over two levels each. The lower apartment has 3 bedrooms and 2 full bathrooms; the upper has 4 bedrooms and 2.5 bathrooms. The home offers approximately 2,448 sq. ft. of living space on an approximately 2,971 sq. ft. lot. A finished basement includes a separate entrance, windows, high ceilings, a full bathroom, laundry hookup, and a new washer and dryer.
Interior features include hardwood flooring, recessed lighting, stainless steel appliances, granite countertops, split A/C units throughout, and updated kitchens and bathrooms. Fenced front and rear yards and private parking for several vehicles are also part of the property.
The property is at 7036 70th Street in Glendale, near Myrtle Avenue shopping, Atlas Park, public transportation, schools, and major highways.
Interior features include hardwood flooring, recessed lighting, stainless steel appliances, granite countertops, split A/C units throughout, and updated kitchens and bathrooms. Fenced front and rear yards and private parking for several vehicles are also part of the property.
The property is at 7036 70th Street in Glendale, near Myrtle Avenue shopping, Atlas Park, public transportation, schools, and major highways.
Key Highlights
- Two duplex apartments: lower unit has 3 bedrooms and 2 full bathrooms; upper unit has 4 bedrooms and 2.5 bathrooms
- Approximately 2,448 sq. ft. of living space on an approximately 2,971 sq. ft. lot
- Finished basement with separate entrance, windows, high ceilings, full bathroom, laundry hookup, and new washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,849
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,656,980
$1.7M
Cap Rate 7%
$1,183,557
$1.2M
Cap Rate 9%
$920,544
$920.5K
Market Conditions
NOI Build-Up for 2,448 SF
Gross rent
$124.8K $51.00/SF
− Vacancy
−$6.5K −$2.65/SF
EGI
$118.4K $48.35/SF
− OpEx
−$35.5K −$14.50/SF
NOI
$82.8K $33.84/SF
Area
New York, NY
Vacancy
5.20%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,656,980
Cap Rate 7%
$1,183,557
Cap Rate 9%
$920,544
Alternative Uses
Best Use
Multifamily LT 5
$1.18M
$1.04M – $1.38M
NOI $82,849 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$1.09M
$957.4K – $1.28M
NOI $76,591 @ 7.0% cap · market cap 4.79%
Theoretical Best
Specialty Retail
$6.09M
$5.33M – $7.11M
NOI $426,540 @ 7.0% cap · market cap 26.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
486
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
Frequently Asked Questions
What type of property is this?
Duplex - Two stacked duplex apartments provide separate multi-bedroom layouts, while a finished basement adds further usable space.
Where is this duplex located?
The property is located at 7036 70th Street New York, 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: Two duplex apartments: lower unit has 3 bedrooms and 2 full bathrooms; upper unit has 4 bedrooms and 2.5 bathrooms; Approximately 2,448 sq. ft. of living space on an approximately 2,971 sq. ft. lot; Finished basement with separate entrance, windows, high ceilings, full bathroom, laundry hookup, and new washer and dryer
