Three-Family Residential Income
73-13 71st Street, Glendale, NY 11385
MULTI_FAMILY - Other - Glendale, NY
Property size:
3,360 SFLot size:
0.05 AcresPrice / SF:
$341/SF- Added:
- Jul 5, 2025
- Days on Market:
- 368
- Last Refresh:
- Jul 7 at 4:06 am
Property Features for 73-13 71st Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 11
- Bathrooms
- 3
- Rooms
- Bedroom 5, Bedroom 10, Bathroom 3, Bedroom 2, Bedroom 11, Bathroom 1, Bedroom 7, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 9, Bedroom 3, Bedroom 8, Bedroom 6
- Interior features
- Master Downstairs
- Fencing
- Fenced
- Standard status
- Active Under Contract
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 7684
Utilities
- Heating system
- Natural Gas, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1915
- Floors in Building
- 3
- Flooring type
- Carpet, Hardwood
- Architectural style
- Other
Listing agent Malgorzata Pieniadz (718) 502-5141
Listing office TRADEMARKO REALTY INC 68-32 Forest Ave, RIDGEWOOD, NY (718) 502-5141
Listing date Jul 5, 2025
MLS# 11530320
Listing URL
Copyright © 2026 My State 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
- Three‑family home built in 1915 with approx. 3,360 sq ft of living space
- Building size is 20' x 56' across three floors
- Unit layout: 1st floor has 3 bedrooms; 2nd and 3rd floors have 4 bedrooms each
- Each apartment includes a full bathroom plus living room, dining room, and kitchen
- Full basement with backyard access; home delivered vacant at closing
- Heating: hot water heating with natural gas; floors include carpet and hardwood; fenced property; public water source
Overview
This three-family, three-story residential property offers a practical setup for rental or owner-occupied use. The home features a full bathroom for each unit, along with living rooms, dining rooms, and kitchens. The first floor includes three bedrooms, while the second and third floors each provide four bedrooms. A full basement is included and is currently used for storage, with backyard access.
The property is located in Glendale, Queens, near Ridgewood. It sits just off Myrtle Avenue, with multiple public transit options listed including Q29, Q54, Q55, and B13, as well as express buses to Manhattan (QM24, QM25, QM34) and the L and M subway lines. The surrounding area includes access to Forest Park and several major retail and neighborhood destinations mentioned in the remarks.
Being sold in as-is condition and delivered vacant at closing, the building is well suited for buyers looking to set up units for their own rental strategy or personal use. With the existing bedroom and bathroom configuration across three floors and basement access to the backyard, it offers straightforward flexibility for multiple household arrangements.
The property is located in Glendale, Queens, near Ridgewood. It sits just off Myrtle Avenue, with multiple public transit options listed including Q29, Q54, Q55, and B13, as well as express buses to Manhattan (QM24, QM25, QM34) and the L and M subway lines. The surrounding area includes access to Forest Park and several major retail and neighborhood destinations mentioned in the remarks.
Being sold in as-is condition and delivered vacant at closing, the building is well suited for buyers looking to set up units for their own rental strategy or personal use. With the existing bedroom and bathroom configuration across three floors and basement access to the backyard, it offers straightforward flexibility for multiple household arrangements.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $155.2k | $46.20 |
| − Vacancy | −$5.9k | −$1.76 |
| EGI | $149.3k | $44.44 |
| − OpEx | −$67.2k | −$20.00 |
| NOI | $82.1k | $24.44 |
3,360 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.17M
$1.03M – $1.37M
NOI $82,133 @ 7.0% cap · market cap 7.15%
Second Best
Multifamily LT 5
$794.5K
$695.2K – $926.9K
NOI $55,613 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M
NOI $173,392 @ 7.0% cap · market cap 15.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Glendale
- County
- Queens
- State
- New York
- Longitude
- -73.879684
- Latitude
- 40.701544
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Three-story, full-basement three-family home delivered vacant and ready for customization or new tenancy.
Where is this triplex located?
The property is located at 73-13 71st Street Glendale, NY.
What is the asking price?
The asking price for this property is $1,148,000.
What are key features of this property?
This property features: Three‑family home built in 1915 with approx. 3,360 sq ft of living space; Building size is 20' x 56' across three floors; Unit layout: 1st floor has 3 bedrooms; 2nd and 3rd floors have 4 bedrooms each
