Two-Family Home with Vacant
72-15 73 Street, Glendale, NY 11385
For Sale
$1,300,000
Pending
Residential Income, Glendale, NY
Property Size2,240 SF
Lot Size0.12 Acres
Days on Market214
Property Features for 72-15 73 Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Patio and Porch features
Interior features
Exterior features
Fencing
Basement
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Number of units
Flooring type
Building materials
Additional Structures
Listing Agency:
Coldwell Banker American Homes · Coldwell Banker Real Estate
(516) 825-6511
Listed By:
Elisette Ocampo · License #10301200859
(516) 642-4178
Added: Apr 9
Changed: Nov 6
Last Checked: Nov 8 at 12:06AM
MLS# 983093
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.
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Investment Insights
Based on property information with market context.
This offering includes a legal 2-family home plus an adjacent matching vacant lot, sold together as a package. The home is a 3-level interior structure built in 1925, configured as a 6 over 6 over a basement, and includes a full finished basement. Additional features include a 2-car garage and a four-car private driveway. The listing also notes two tax lots and provides tax information for the home lot and the vacant lot, with buyers advised to verify all details.
The property is located at 72-15 73 Street in Glendale, Queens. The address is described as being on a quiet, tree-lined block in the heart of Glendale, with express bus connections to Midtown and FiDi. Access to Fresh Pond Road and Myrtle Avenue shopping is noted, and the area includes nearby parks and bike paths. The Fresh Pond Road station for the M train is described as approximately 1 to 1.5 miles away.
For buyers seeking rental income, owner-occupancy, or development flexibility, the combined footprint of the legal 2-family home and adjacent buildable vacant lot may support expansion or outdoor-use options. The home sits on a double-width parcel (50 x 100.83, per the listing description), and the adjacent lot is presented as an opportunity for new construction or additional improvements, subject to buyer verification and applicable approvals.
The property is located at 72-15 73 Street in Glendale, Queens. The address is described as being on a quiet, tree-lined block in the heart of Glendale, with express bus connections to Midtown and FiDi. Access to Fresh Pond Road and Myrtle Avenue shopping is noted, and the area includes nearby parks and bike paths. The Fresh Pond Road station for the M train is described as approximately 1 to 1.5 miles away.
For buyers seeking rental income, owner-occupancy, or development flexibility, the combined footprint of the legal 2-family home and adjacent buildable vacant lot may support expansion or outdoor-use options. The home sits on a double-width parcel (50 x 100.83, per the listing description), and the adjacent lot is presented as an opportunity for new construction or additional improvements, subject to buyer verification and applicable approvals.
Key Highlights
- Legal 2‑family home built in 1925 with 2,240 SF interior area across 3 levels (6 over 6 plus basement).
- Full finished basement plus 2‑car garage and a four‑car private driveway.
- Sold together as two tax lots: Lot #83 home and adjacent matching vacant lot #81.
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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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,868
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
Properties on Market for Duplexes in Glendale
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Legal 2-family home with a full finished basement, garage, and an adjacent buildable vacant lot sold together.
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.
What are key features of this property?
This property features: Legal 2‑family home built in 1925 with 2,240 SF interior area across 3 levels (6 over 6 plus basement).; Full finished basement plus 2‑car garage and a four‑car private driveway.; Sold together as two tax lots: Lot #83 home and adjacent matching vacant lot #81.
