Three-Unit
For Sale
$1,049,000
73-51 70th Street, Glendale, NY 11385
Multifamily property with separate heating and hot water systems for each apartment, plus a fully finished basement.
Property Size2,080 SF
Price / SF$504.33
Days on Market136
Property Features for 73-51 70th Street
General Information
Standard status
Active
Size
2,080 SF
Property subtype
Triplex
Building Details
Building Size
2,080 SF
Year Built
1910
Listing Agency:
Keller Williams Landmark II
Listed By:
Adam W. Krzesniak CBR
Source:
Cbwarburg
Added: Mar 19
Changed: Jul 31
Last Checked: Jul 31 at 6:18PM
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 Keller Williams Landmark II
Investment Insights
Based on property information with market context.
This three-unit multifamily property at 73-51 70th Street includes 2,080 square feet and was built in 1910. The first floor features a three-bedroom railroad-style apartment with an open-concept kitchen, an additional sun or office room, and access to the backyard. The second floor contains two one-bedroom apartments. Each apartment has a separate heating and hot water system, and the property includes a fully finished basement.
The property is located near public transportation, schools, and shopping in Glendale, NY. It can be delivered vacant at closing, providing flexibility for an owner-user or investor seeking a three-unit residential property.
The property is located near public transportation, schools, and shopping in Glendale, NY. It can be delivered vacant at closing, providing flexibility for an owner-user or investor seeking a three-unit residential property.
Key Highlights
- Three‑unit multifamily property with 2,080 square feet
- Built in 1910
- First‑floor three‑bedroom railroad‑style apartment with open‑concept kitchen
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 | $96.1k | $46.20 |
| − Vacancy | −$3.7k | −$1.76 |
| EGI | $92.4k | $44.44 |
| − OpEx | −$41.6k | −$20.00 |
| NOI | $50.8k | $24.44 |
2,080 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$726.3K
$635.6K – $847.4K
NOI $50,844 @ 7.0% cap · market cap 4.85%
Second Best
Multifamily LT 5
$491.8K
$430.3K – $573.8K
NOI $34,427 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,338 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,409
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Multifamily property with separate heating and hot water systems for each apartment, plus a fully finished basement.
Where is this triplex located?
The property is located at 73-51 70th Street Glendale, NY.
What is the asking price?
The asking price for this property is $1,049,000.
What are key features of this property?
This property features: Three‑unit multifamily property with 2,080 square feet; Built in 1910; First‑floor three‑bedroom railroad‑style apartment with open‑concept kitchen
