Two-Family Duplex with
7703 58th Avenue, Middle Village, NY 11379
For Sale
$1,590,000
Pending
Both residences offer three bedrooms and two bathrooms, with parking provided by an attached garage and private driveway.
Property Size2,436 SF
Lot Size0.07 Acres
Days on Market19
Property Features for 7703 58th Avenue
General Information
Standard status
Size
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Finished,Walk-Out Access
4
Yes
6
First Floor Bedroom,First Floor Full Bath,Open Kitchen
Finished, Walk-Out Access
Public
2
No
Driveway, Garage
2436
Building Details
Building Size
Year Built
Listing Agency:
Chase Global Realty Corp
(516) 703-2918
Listed By:
Randy Kral
Source:
Hedgestonehomes
Added: Oct 21
Changed: Nov 7
Last Checked: Nov 7 at 8:45PM
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 Chase Global Realty Corp
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Investment Insights
Based on property information with market context.
This semi-attached, two-family townhouse contains two residences, each with three bedrooms and two bathrooms. The first-floor unit and basement have been renovated, while the second-floor unit is rented. The property includes 2,436 square feet of building area on a north-facing 3,200-square-foot lot. It was built in 2000.
An attached garage and private driveway provide on-site parking. The property is in Middle Village, near Queens Center and transportation options.
An attached garage and private driveway provide on-site parking. The property is in Middle Village, near Queens Center and transportation options.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- 2,436 SF of building area on a 3,200 SF north‑facing lot
- First‑floor residence and basement renovated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,547
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,190,940
$1.2M
Cap Rate 7%
$850,671
$850.7K
Cap Rate 9%
$661,633
$661.6K
Market Conditions
NOI Build-Up for 2,436 SF
Gross rent
$112.5K $46.20/SF
− Vacancy
−$4.3K −$1.76/SF
EGI
$108.3K $44.44/SF
− OpEx
−$48.7K −$20.00/SF
NOI
$59.5K $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%
$1,190,940
Cap Rate 7%
$850,671
Cap Rate 9%
$661,633
Alternative Uses
Best Use
Apartment 5plus
$850.7K
$744.3K – $992.5K
NOI $59,547 @ 7.0% cap · market cap 3.75%
Second Best
Multifamily LT 5
$576.0K
$504.0K – $672.0K
NOI $40,320 @ 7.0% cap · market cap 2.54%
Theoretical Best
Office A
$1.80M
$1.57M – $2.10M
NOI $125,709 @ 7.0% cap · market cap 7.91%
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
1,581
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
$886,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Middle Village, NY
Properties on Market for Duplexes in Middle Village
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer three bedrooms and two bathrooms, with parking provided by an attached garage and private driveway.
Where is this duplex located?
The property is located at 7703 58th Avenue Middle Village, NY.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 bathrooms; 2,436 SF of building area on a 3,200 SF north‑facing lot; First‑floor residence and basement renovated
