Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Glendale Four-Family Brick Building Title is generated by Realmo AI

    72-07 73 Street, Glendale, NY 11385

    View on Map
    Claim this Listing
    For Sale
    $1,349,000

    MULTI_FAMILY - Glendale, NY

    Lot size:
    0.06 Acres
    Added:
    Sep 18, 2025
    Days on Market:
    238
    Last Refresh:
    May 13 at 6:06 am

    Property Features for 72-07 73 Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    4
    Rooms
    Bathroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 5, Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 2
    Interior features
    First Floor Bedroom, Storage
    Basement
    Finished, Full
    Standard status
    Active
    APN
    03696-0084
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    19028

    Utilities

    Utilities
    Natural Gas Available
    Heating system
    Natural Gas
    Water source
    Public

    Building Details

    Year built
    1931
    Number of units
    4
    Flooring type
    Hardwood
    Building materials
    Brick
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Sal J. Crifasi
    Sal J. Crifasi

    Listing agent Sal J. Crifasi License #NY10301205163

    Listing office Crifasi Real Estate Inc 313 Graham Ave, Middle Village, NY

    Listing date Sep 18, 2025

    MLS# 914856 Listing URL

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Excellent rental income potential with two vacant units, ideal for owner‑occupants or investors.
    • Potential to increase rental income by reconfiguring 1‑bedroom units into 2‑bedroom units.
    • New roof and new gas boiler.
    • Convenient location: one block from Express Buses to Manhattan.
    • Semi‑detached brick building with windows throughout.
    • Located in the quiet Glendale neighborhood, minutes from the Jackie Robinson Expressway.

    Overview

    This four-family brick building is located in Glendale and offers an investment opportunity. The property features three 1-bedroom apartments and one 2-bedroom apartment. Two units are vacant, which is suitable for owner-occupants or investors. The building includes a new roof and a new gas boiler. It is a semi-detached building with windows throughout. There is value-add potential to reconfigure the existing 1-bedroom layouts into 2-bedroom apartments by relocating kitchens to the center, which could maximize future rental income. The property is located one block from the Express Buses to Manhattan and minutes from the Jackie Robinson Expressway, offering commuters access to the city while residing in a quiet Glendale neighborhood.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Queens
    State
    New York
    Longitude
    -73.876716
    Latitude
    40.703797

    Nearby Similar for Sale

    • $1,498,000
      4,500 SF

      Detached Four-Family in Prime Location

      Detached four-family property in Ridgewood/Glendale near shopping and transportation.
      7037 72nd Place, Glendale, NY 11385
      View Details
    • $8,500,000
      18,313 SF

      Glendale Commercial Property with Yard

      18,313 SF commercial building with warehouse and yard.
      88-81 76th Avenue, Glendale, NY 11385
      View Details
    • $1,050,000
      1,880 SF

      Renovated Two-Family Home, Glendale, NY

      Two-family home with renovated units and convenient location.
      6508 Cooper Avenue, Glendale, NY 11385
      View Details
    • $905,000

      Glendale Two-Family Home with Garage

      Charming two-family home in a prime Glendale location.
      77-21 76th Street, Glendale, NY 11385
      View Details
    • $1,450,000
      3,427 SF

      Glendale Four-Family Brick Building

      Four-family brick building with private driveway on oversized lot.
      7861 75th Street, Glendale, NY 11385
      View Details
    • $1,225,000
      1,300 SF

      Mixed-Use Property on Myrtle Avenue

      Two-story mixed-use property with commercial space and residential units.
      65-12 Myrtle Avenue, Glendale, NY 11385
      View Details
    • $1,950,000

      Glendale Four-Family Brick Building

      Four-family brick corner property in Glendale, Queens. Investment opportunity.
      7402 65th Street, Glendale, NY 11385
      View Details
    • $1,288,000

      Spacious Glendale Two-Family Home

      Semi-detached 2-family home in Glendale, close to transportation.
      82-72 88th Place, Glendale, NY 11385
      View Details
    • $899,000

      Two-Family Home in Glendale, NY

      Two-family home with potential in a convenient location.
      73-35 71st Place, Glendale, NY 11385
      View Details
    • $1,148,000
      3,360 SF

      Glendale Three-Family Investment Opportunity

      Spacious three-family home in Glendale, delivered vacant at closing.
      73-13 71st Street, Glendale, NY 11385
      View Details
    • $1,649,000

      Grand Three-Family Glendale Residence

      Spacious three-family home in Glendale with investment potential.
      7714 Cypress Hills Street, Glendale, NY 11385
      View Details
    • $1,049,000

      Glendale Triplex: Investment Opportunity

      Legal three-family house in Glendale, close to transportation and amenities.
      73-51 70th Street, Glendale, NY 11385
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four-family building in Glendale with income potential and value-add opportunity.
    Where is this quadplex located?
    The property is located at 72-07 73 Street Glendale, NY.
    What is the asking price?
    The asking price for this property is $1,349,000.
    What are key features of this property?
    This property features: Excellent rental income potential with two vacant units, ideal for owner‑occupants or investors.; Potential to increase rental income by reconfiguring 1‑bedroom units into 2‑bedroom units.; **New roof and new gas boiler.**
    (718) 782-4411
    We can help!
    Listing Contact
    Sal J. Crifasi
    Sal J. Crifasi
    Real Estate License ID: NY10301205163
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    72-07 73 Street, Glendale, NY 11385
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!