Two-Family Home with
For Sale
$1,100,000
7520 64th Place, Glendale, NY 11385
Two separate apartments offer three-bedroom layouts, with private yard use on the first floor.
Property Size2,154 SF
Days on Market174
Property Features for 7520 64th Place
General Information
Standard status
Active
Size
2,154 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,872
Building Details
Building Size
2,154 SF
Year Built
1931
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Jennifer J. Catalano SRES
Source:
Serhant
Added: Apr 17
Changed: Oct 6
Last Checked: Oct 6 at 12:18AM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
This two-family home contains two separate apartments and is being offered vacant in its existing condition. The first-floor residence includes three bedrooms, a bathroom, kitchen, and private yard use. The second-floor residence also provides three bedrooms and a bathroom, along with a kitchen and dining room. A basement with OSE adds additional property space.
Built in 1931, the home is located near shopping, schools, and public transportation. Its two-apartment layout, current vacancy, and separate residential configurations support both owner occupancy and income-producing use, as identified in the property information.
Built in 1931, the home is located near shopping, schools, and public transportation. Its two-apartment layout, current vacancy, and separate residential configurations support both owner occupancy and income-producing use, as identified in the property information.
Key Highlights
- Two‑family home with two vacant apartments
- First floor includes 3 bedrooms, bathroom, kitchen, and private yard use
- Second floor includes 3 bedrooms, bathroom, kitchen, and dining room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,653
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,053,060
$1.1M
Cap Rate 7%
$752,186
$752.2K
Cap Rate 9%
$585,033
$585.0K
Market Conditions
NOI Build-Up for 2,154 SF
Gross rent
$99.5K $46.20/SF
− Vacancy
−$3.8K −$1.76/SF
EGI
$95.7K $44.44/SF
− OpEx
−$43.1K −$20.00/SF
NOI
$52.7K $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%
$1,053,060
Cap Rate 7%
$752,186
Cap Rate 9%
$585,033
Alternative Uses
Best Use
Apartment 5plus
$752.2K
$658.2K – $877.6K
NOI $52,653 @ 7.0% cap · market cap 4.79%
Second Best
Multifamily LT 5
$509.3K
$445.7K – $594.2K
NOI $35,652 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $111,157 @ 7.0% cap · market cap 10.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,644
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate apartments offer three-bedroom layouts, with private yard use on the first floor.
Where is this duplex located?
The property is located at 7520 64th Place Glendale, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two‑family home with two vacant apartments; First floor includes 3 bedrooms, bathroom, kitchen, and private yard use; Second floor includes 3 bedrooms, bathroom, kitchen, and dining room
