Brick Duplex with Finished
New
For Sale
$1,199,000
76-04 68th Avenue, Middle Village, NY 11379
One apartment will be vacant at closing, and both units feature eat-in kitchens with stainless steel appliances.
Property Size2,080 SF
Price / SF$576.44
Days on Market6
Property Features for 76-04 68th Avenue
General Information
Standard status
Active
Size
2,080 SF
Property subtype
Residential Income
Units
Unit Mix
2BR/1BA, 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
First Floor Bedroom
First Floor Full Bath
Eat-in Kitchen
Entrance Foyer
Formal Dining
Building Details
Building Size
2,080 SF
Year Built
1930
Buildings
1
Units
2
Construction
brick
Listing Agency:
Crifasi Real Estate Inc
Listed By:
Joseph V. Crifasi · License #30CR1126424
(718) 930-0040
Source:
Georgemcknight
Added: Oct 23
Changed: Oct 27
Last Checked: Oct 26 at 4:07AM
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
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Investment Insights
Based on property information with market context.
This detached brick duplex contains two apartments in a 2,080-square-foot building constructed in 1930. The first-floor unit has two bedrooms and one full bathroom; the second-floor unit has three and a half bedrooms and one full bathroom. Each apartment includes an eat-in kitchen with stainless steel appliances, and the first-floor apartment is scheduled to be vacant at closing.
A finished full basement, front porch, and yard add to the property’s features. The home has gas heat and is located less than a mile from the Metropolitan M train station, with shopping, restaurants, schools, parks, and public transportation also nearby.
A finished full basement, front porch, and yard add to the property’s features. The home has gas heat and is located less than a mile from the Metropolitan M train station, with shopping, restaurants, schools, parks, and public transportation also nearby.
Key Highlights
- Detached brick two‑family property with 2,080 square feet
- Built in 1930
- First‑floor apartment has 2 bedrooms and 1 full bathroom; vacant at closing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,844
Cap Rate
4.24%
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 4.24%
Second Best
Multifamily LT 5
$491.8K
$430.3K – $573.8K
NOI $34,427 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,338 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,590
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - One apartment will be vacant at closing, and both units feature eat-in kitchens with stainless steel appliances.
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 $1,199,000.
What are key features of this property?
This property features: Detached brick two‑family property with 2,080 square feet; Built in 1930; First‑floor apartment has 2 bedrooms and 1 full bathroom; vacant at closing
