For Sale
$1,300,000
72-15 73 Street, Glendale, NY 11385
Duplexes
Property Size2,240 SF
Days on Market179
Property Features for 72-15 73 Street
General Information
Standard status
Active
Size
2,240 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$10,775
Building Details
Building Size
2,240 SF
Year Built
1925
Listing Agency:
Coldwell Banker American Homes
Listed By:
Elisette Ocampo · License #10301200859
(516) 642-4178
Source:
Serhant
Added: Apr 20
Changed: Oct 15
Last Checked: Oct 15 at 4:30AM
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 Coldwell Banker American Homes
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,756
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,095,120
$1.1M
Cap Rate 7%
$782,229
$782.2K
Cap Rate 9%
$608,400
$608.4K
Market Conditions
NOI Build-Up for 2,240 SF
Gross rent
$103.5K $46.20/SF
− Vacancy
−$3.9K −$1.76/SF
EGI
$99.6K $44.44/SF
− OpEx
−$44.8K −$20.00/SF
NOI
$54.8K $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%
$1,095,120
Cap Rate 7%
$782,229
Cap Rate 9%
$608,400
Alternative Uses
Best Use
Apartment 5plus
$782.2K
$684.5K – $912.6K
NOI $54,756 @ 7.0% cap · market cap 4.21%
Second Best
Multifamily LT 5
$529.7K
$463.5K – $617.9K
NOI $37,076 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$1.65M
$1.44M – $1.93M
NOI $115,595 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,747
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
Where is this duplex located?
The property is located at 72-15 73 Street Glendale, NY.
What is the asking price?
The asking price for this property is $1,300,000.
