Colonial Residential Income
For Sale
$1,049,000
Pending
73-51 70th Street, Glendale, NY 11385
A 1910-built property offers a finished basement, eat-in kitchen, and fenced backyard.
Property Size2,080 SF
Days on Market203
Property Features for 73-51 70th Street
General Information
Standard status
Pending
Size
2,080 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$6,217
Amenities
Hot Water, Natural Gas
Finished, Full, Storage Space, Walk-Out Access
Eat-in Kitchen, High Ceilings, Storage
City
Fenced, Back Yard
On Street
Colonial
Building Details
Building Size
2,080 SF
Year Built
1910
Listing Agency:
Keller Williams Landmark II
Listed By:
Adam W. Krzesniak CBR
(347) 564-4832
Source:
Evrealestate
Added: Mar 19
Changed: Oct 3
Last Checked: Oct 5 at 5:56PM
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 Colonial-style residential income property was built in 1910. Interior features include an eat-in kitchen with high ceilings and storage, along with a finished, full basement offering storage space and walk-out access. Hot water and natural gas are listed among the property features.
The property is at 73-51 70th Street in Glendale, Queens. Exterior features include a fenced backyard, with on-street parking.
The property is at 73-51 70th Street in Glendale, Queens. Exterior features include a fenced backyard, with on-street parking.
Key Highlights
- Built in 1910
- Finished, full basement with storage and walk‑out access
- Eat‑in kitchen with high ceilings and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,844
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,016,880
$1.0M
Cap Rate 7%
$726,343
$726.3K
Cap Rate 9%
$564,933
$564.9K
Market Conditions
NOI Build-Up for 2,080 SF
Gross rent
$96.1K $46.20/SF
− Vacancy
−$3.7K −$1.76/SF
EGI
$92.4K $44.44/SF
− OpEx
−$41.6K −$20.00/SF
NOI
$50.8K $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%
$1,016,880
Cap Rate 7%
$726,343
Cap Rate 9%
$564,933
Alternative Uses
Best Use
Apartment 5plus
$726.3K
$635.6K – $847.4K
NOI $50,844 @ 7.0% cap · market cap 4.85%
Second Best
—
—
no second resolved use
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
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Current Use
Location Intelligence
Trade Area within ½ mile
2,416
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
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Frequently Asked Questions
What type of property is this?
Residential income property - A 1910-built property offers a finished basement, eat-in kitchen, and fenced backyard.
Where is this residential income property 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: Built in 1910; Finished, full basement with storage and walk‑out access; Eat‑in kitchen with high ceilings and storage
