Brick Duplex with Private
75-36 61st Street, Queens, NY 11385
For Sale
New
$975,000
Two-family configuration supports separate residential units, with the option to retain the existing arrangement or create a single-family home.
Property Size2,160 SF
Price / SF$451.39
Days on Market6
Property Features for 75-36 61st Street
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
private yard
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
Compass
Listed By:
Edward R Freiberg
(917) 592-5971
Source:
Howardhannanyc
Added: Nov 2
Changed: Nov 6
Last Checked: Nov 6 at 2:53PM
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 Compass
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Investment Insights
Based on property information with market context.
This 2,160-square-foot brick duplex, built in 1905, has a two-family layout and is offered in as-is condition. Interior details include hardwood flooring, bay windows, wainscoting, built-in shelving, and an original wood staircase. The railroad-style plan connects living and dining areas, while a private rear yard has mature greenery.
The property is on a residential block in Ridgewood, near neighborhood shops, cafes, and restaurants, as well as a Whole Foods planned for the area. The existing two-family setup can be maintained, or the home can be reconfigured as a single-family residence.
The property is on a residential block in Ridgewood, near neighborhood shops, cafes, and restaurants, as well as a Whole Foods planned for the area. The existing two-family setup can be maintained, or the home can be reconfigured as a single-family residence.
Key Highlights
- 2,160‑square‑foot brick duplex built in 1905
- Two‑family layout with potential to reconfigure as a single‑family home
- Private rear yard with mature greenery
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,800
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,056,000
$1.1M
Cap Rate 7%
$754,286
$754.3K
Cap Rate 9%
$586,667
$586.7K
Market Conditions
NOI Build-Up for 2,160 SF
Gross rent
$99.8K $46.20/SF
− Vacancy
−$3.8K −$1.76/SF
EGI
$96.0K $44.44/SF
− OpEx
−$43.2K −$20.00/SF
NOI
$52.8K $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%
$1,056,000
Cap Rate 7%
$754,286
Cap Rate 9%
$586,667
Alternative Uses
Best Use
Apartment 5plus
$754.3K
$660.0K – $880.0K
NOI $52,800 @ 7.0% cap · market cap 5.42%
Second Best
Multifamily LT 5
$510.7K
$446.9K – $595.9K
NOI $35,751 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,466 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,275
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
$842,800
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Queens, NY
Properties on Market for Duplexes in Queens
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-family configuration supports separate residential units, with the option to retain the existing arrangement or create a single-family home.
Where is this duplex located?
The property is located at 75-36 61st Street Queens, NY.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 2,160‑square‑foot brick duplex built in 1905; Two‑family layout with potential to reconfigure as a single‑family home; Private rear yard with mature greenery
