Brick Three-Family Home with
74-40 65th Street, Glendale, NY 11385
MULTI_FAMILY - Glendale, NY
Property size:
2,750 SFLot size:
0.08 AcresPrice / SF:
$472/SF- Added:
- Sep 26, 2025
- Days on Market:
- 285
- Last Refresh:
- Jul 7 at 4:06 am
Property Features for 74-40 65th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Rooms
- Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 6
- Standard status
- Active Under Contract
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 9403
Building Details
- Year built
- 1915
- Floors in Building
- 2
- Building materials
- Masonite
Listing agent Benedetto Faulisi
Listing office Faulisi Realty LLC 101-42 99th St, Ozone Park, NY
Listing date Sep 26, 2025
MLS# 11588878
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
- Brick three‑family home built in 1915 (pre‑certificate of occupancy)
- 2,750 sq ft of living space with a full basement and separate entrances
- Detached garage included
- Set on a 3,500 sq ft lot with a private yard
- NYC HPD/DOF website lists it as a 3‑unit property; buyer to verify all use
- Convenient to L & M subway lines, major bus routes, Myrtle Ave, and Fresh Pond Rd
Overview
This brick three-family home, built in 1915, offers a detached garage and a full basement with separate entrances. The property is currently presented as a three-unit structure, consistent with the NYC HPD/DOF website listing as a 3 Units property. The home is being sold as-is, and the buyer will need to verify all use.
Set on a 3,500 sq. ft. lot, the residence includes a private yard. The property is located in Glendale, with convenient access to the L & M subway lines, major bus routes, and nearby corridors including Myrtle Ave and Fresh Pond Rd.
For buyers looking for a multi-family setup, the separate basement entrances can be an important consideration for layout flexibility. The detached garage and private outdoor space add practical value for owner-occupants and tenants alike. As an as-is sale from a pre-certificate of occupancy build, prospective buyers should complete their own due diligence regarding use and any applicable requirements.
Set on a 3,500 sq. ft. lot, the residence includes a private yard. The property is located in Glendale, with convenient access to the L & M subway lines, major bus routes, and nearby corridors including Myrtle Ave and Fresh Pond Rd.
For buyers looking for a multi-family setup, the separate basement entrances can be an important consideration for layout flexibility. The detached garage and private outdoor space add practical value for owner-occupants and tenants alike. As an as-is sale from a pre-certificate of occupancy build, prospective buyers should complete their own due diligence regarding use and any applicable requirements.
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 | $127.1k | $46.20 |
| − Vacancy | −$4.8k | −$1.76 |
| EGI | $122.2k | $44.44 |
| − OpEx | −$55.0k | −$20.00 |
| NOI | $67.2k | $24.44 |
2,750 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$960.3K
$840.3K – $1.12M
NOI $67,222 @ 7.0% cap · market cap 5.17%
Second Best
Multifamily LT 5
$650.2K
$569.0K – $758.6K
NOI $45,517 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$2.03M
$1.77M – $2.37M
NOI $141,913 @ 7.0% cap · market cap 10.92%
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
- -73.889661
- Latitude
- 40.699337
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Brick three-family in Glendale with a detached garage and a full basement featuring separate entrances.
Where is this triplex located?
The property is located at 74-40 65th Street Glendale, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Brick three‑family home built in 1915 (pre‑certificate of occupancy); 2,750 sq ft of living space with a full basement and separate entrances; Detached garage included
