Two-Family Home with Finished
For Sale
$1,070,000
71-15 68th Street, Glendale, NY 11385
Two distinct apartment layouts are complemented by a finished lower level with laundry and workshop space.
Property Size2,320 SF
Price / SF$461.21
Days on Market49
Property Features for 71-15 68th Street
General Information
Standard status
Active
Size
2,320 SF
Property subtype
Residential Income
Additional Details
Asking Price
$1,070,000
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,926
Amenities
laundry area
First Floor Bedroom
Ceiling Fan(s)
Eat-in Kitchen
Entrance Foyer
Formal Dining
High Ceilings
His and Hers Closets
In-Law Floorplan
Pantry
Quartz/Quartzite Counters
Washer/Dryer Hookup
Building Details
Building Size
2,320 SF
Year Built
1910
Units
2
Listing Agency:
EXP Realty
Listed By:
Lisa Grassia
(888) 276-0630
Source:
Adamstreetrealty
Added: Sep 16
Changed: Nov 2
Last Checked: Nov 3 at 5:57AM
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 EXP Realty
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Investment Insights
Based on property information with market context.
This 2,320-square-foot duplex was built in 1910 and contains five bedrooms and three full bathrooms. The first-floor apartment has a living room, formal dining room, windowed kitchen, bathroom and two bedrooms; the second-floor residence offers a similar layout with three bedrooms. A finished basement adds rooms, another full bathroom, laundry facilities, storage closets and a workshop. The fully attached building measures 20 by 55 feet on a 20-by-95-foot lot, with front and rear entrances connecting the home to its outdoor areas.
The property is in Glendale, near Myrtle Avenue shops, restaurants, bakeries and markets. The Shops at Atlas Park and Forest Park are also nearby, along with local bus service and subway access.
The property is in Glendale, near Myrtle Avenue shops, restaurants, bakeries and markets. The Shops at Atlas Park and Forest Park are also nearby, along with local bus service and subway access.
Key Highlights
- Legal two‑family property with 5 bedrooms and 3 full bathrooms
- Finished basement includes additional rooms, a full bathroom, laundry, closets and a workshop
- 2,320 square feet on a 20' x 95' lot; building measures 20' x 55'
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,711
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,134,220
$1.1M
Cap Rate 7%
$810,157
$810.2K
Cap Rate 9%
$630,122
$630.1K
Market Conditions
NOI Build-Up for 2,320 SF
Gross rent
$107.2K $46.20/SF
− Vacancy
−$4.1K −$1.76/SF
EGI
$103.1K $44.44/SF
− OpEx
−$46.4K −$20.00/SF
NOI
$56.7K $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%
$1,134,220
Cap Rate 7%
$810,157
Cap Rate 9%
$630,122
Alternative Uses
Best Use
Apartment 5plus
$810.2K
$708.9K – $945.2K
NOI $56,711 @ 7.0% cap · market cap 5.30%
Second Best
Multifamily LT 5
$548.6K
$480.0K – $640.0K
NOI $38,400 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,723 @ 7.0% cap · market cap 11.19%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,672
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct apartment layouts are complemented by a finished lower level with laundry and workshop space.
Where is this duplex located?
The property is located at 71-15 68th Street Glendale, NY.
What is the asking price?
The asking price for this property is $1,070,000.
What are key features of this property?
This property features: Legal two‑family property with 5 bedrooms and 3 full bathrooms; Finished basement includes additional rooms, a full bathroom, laundry, closets and a workshop; 2,320 square feet on a 20' x 95' lot; building measures 20' x 55'
