Legal 2-Family with Private
76-22 60th Lane Glendale, NY 11385
New
For Sale
Contact for pricing
Legal 2-family home currently configured as a 3-family on a wide corner lot, with a finished basement and off-street parking.
Property Size2,780 SF
Price / SF$466.55
Days on Market6
Property Features for 76-22 60th Lane
General Information
- Standard status
- Active
- Size
- 2,780 SF
- Property subtype
- Mixed Use
Listing Agency:
NY SUPERIOR REALTY
(718) 205-7770
Listed By:
Nora Avalos
Source:
Crexi
Added: Jul 21
Changed: Jul 24
Last Checked: Jul 25 at 7:53AM
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 NY SUPERIOR REALTY
Investment Insights
Based on property information with market context.
Detached legal 2-family home currently being used as a 3-family residence, set on a wide corner lot. The first floor is owner-occupied and includes a spacious 3-bedroom apartment. The upper level provides two 1-bedroom apartments. Across the home, there are 5 full bathrooms total. A full finished basement adds flexible space for recreation, storage, a home office, or other uses. Off-street parking is supported by a private driveway and an attached garage.
Located near B13 and Q39 bus lines and close to Myrtle Avenue shopping and dining options, as well as supermarkets and everyday conveniences.
The property is a residential income asset with multiple apartment units and a finished basement, offering a practical layout for both owner-occupants and investors.
Located near B13 and Q39 bus lines and close to Myrtle Avenue shopping and dining options, as well as supermarkets and everyday conveniences.
The property is a residential income asset with multiple apartment units and a finished basement, offering a practical layout for both owner-occupants and investors.
Key Highlights
- Legal 2‑family home currently configured as a 3‑family on a wide corner lot in Glendale
- 5 full bathrooms total and current gross rental income of $65,400 per year
- First floor owner‑occupied with a spacious 3‑bedroom apartment; upper level has two 1‑bedroom apartments
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 | $128.4k | $46.20 |
| − Vacancy | −$4.9k | −$1.76 |
| EGI | $123.6k | $44.44 |
| − OpEx | −$55.6k | −$20.00 |
| NOI | $68.0k | $24.44 |
2,780 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$970.8K
$849.4K – $1.13M
NOI $67,955 @ 7.0% cap · market cap 5.24%
Second Best
Multifamily LT 5
$657.3K
$575.2K – $766.9K
NOI $46,013 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$2.05M
$1.79M – $2.39M
NOI $143,461 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Legal 2-family home currently configured as a 3-family on a wide corner lot, with a finished basement and off-street parking.
Where is this duplex located?
The property is located at 76-22 60th Lane Glendale, NY.
What is the asking price?
The asking price for this property is $1,297,000.
What are key features of this property?
This property features: Legal 2‑family home currently configured as a 3‑family on a wide corner lot in Glendale; 5 full bathrooms total and current gross rental income of $65,400 per year; First floor owner‑occupied with a spacious 3‑bedroom apartment; upper level has two 1‑bedroom apartments
