Detached Brick
For Sale
$1,299,000
76-04 68th Avenue, Middle Village, NY 11379
Two-family residence with a vacant first-floor apartment, finished basement, front porch, and yard.
Property Size2,080 SF
Price / SF$624.52
Days on Market10
Property Features for 76-04 68th Avenue
General Information
Standard status
Active
Size
2,080 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 3.5BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,166
Amenities
eat-in kitchens
stainless steel appliances
finished full basement
front porch
yard
gas heat
Building Details
Building Size
2,080 SF
Year Built
1930
Buildings
1
Construction
brick
Listing Agency:
Crifasi Real Estate Inc
(718) 930-0040
Listed By:
Joseph V. Crifasi
Source:
Cbwarburg
Added: Jul 28
Changed: Aug 5
Last Checked: Aug 5 at 4:58AM
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 Crifasi Real Estate Inc
Investment Insights
Based on property information with market context.
This detached brick two-family residence was built in 1930 and contains 2,080 square feet. The first-floor apartment offers two bedrooms and one full bathroom and will be delivered vacant at closing. The second-floor unit includes 3.5 bedrooms and one full bathroom. Both apartments have eat-in kitchens equipped with stainless steel appliances.
A finished full basement adds flexible interior space for recreation, a family room, home office, gym, or other household use. Exterior features include a front porch and yard. Gas heat serves the property. The home is located less than a mile from the Metropolitan M train station and near shopping, restaurants, schools, parks, and public transportation in Middle Village, Queens.
A finished full basement adds flexible interior space for recreation, a family room, home office, gym, or other household use. Exterior features include a front porch and yard. Gas heat serves the property. The home is located less than a mile from the Metropolitan M train station and near shopping, restaurants, schools, parks, and public transportation in Middle Village, Queens.
Key Highlights
- Detached brick two‑family property built in 1930
- 2,080 square feet with a finished full basement
- First‑floor 2‑bedroom apartment delivered vacant at closing
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 3.91%
Second Best
Multifamily LT 5
$491.8K
$430.3K – $573.8K
NOI $34,427 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,338 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,989
Businesses Nearby
Explore this area
Business Placement
Demographics for 11379, NY
37,906
Population
15,237
Households
2.5
Avg Household Size
44
Median Age
35%
College-Educated
84%
High-School Grad
2.2 sq mi
ZIP Area
17,230
Density / Sq Mi
$92,509
Median Household Income
$54,109
Median Earnings
$1,989
Median Rent
$886,600
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?
Duplex - Two-family residence with a vacant first-floor apartment, finished basement, front porch, and yard.
Where is this duplex located?
The property is located at 76-04 68th Avenue Middle Village, 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: Detached brick two‑family property built in 1930; 2,080 square feet with a finished full basement; First‑floor 2‑bedroom apartment delivered vacant at closing
