Three-Unit Triplex
For Sale
$1,649,000
7714 Cypress Hills Street, Glendale, NY 11385
Three separate residences feature spacious layouts, eat-in kitchens, and solar panels across a well-maintained property.
Days on Market181
Property Features for 7714 Cypress Hills Street
General Information
Standard status
Active
Property subtype
Triplex
Amenities
solar panels
Building Details
Building Size
3,168 SF
Year Built
1970
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Coldwell Banker Kueber Realty
(347) 806-8407
Listed By:
Daniela Cazan
Source:
Serhant
Added: Feb 1
Changed: Jul 31
Last Checked: Aug 1 at 10:58AM
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 Coldwell Banker Kueber Realty
Investment Insights
Based on property information with market context.
This three-unit triplex residence includes one separate home on each of three floors. The first-floor residence offers one bedroom, an elegant living room, a full bathroom, and a generous eat-in kitchen. The second-floor home features two bedrooms, a spacious living room, a large eat-in kitchen with a dedicated dining area, and one full bathroom. The third-floor residence mirrors the second-floor layout with two bedrooms, a living room, an eat-in kitchen, dining area, and one full bathroom.
Built in 1970, the property is equipped with solar panels. It is located at 7714 Cypress Hills Street in Glendale, NY 11385, near shopping, dining, and transportation.
Built in 1970, the property is equipped with solar panels. It is located at 7714 Cypress Hills Street in Glendale, NY 11385, near shopping, dining, and transportation.
Key Highlights
- Three separate residences arranged across three floors
- First‑floor one‑bedroom residence with eat‑in kitchen
- Two second‑floor bedrooms with dedicated dining area
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 | $146.4k | $46.20 |
| − Vacancy | −$5.6k | −$1.76 |
| EGI | $140.8k | $44.44 |
| − OpEx | −$63.4k | −$20.00 |
| NOI | $77.4k | $24.44 |
3,168 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.11M
$968.0K – $1.29M
NOI $77,440 @ 7.0% cap · market cap 4.70%
Second Best
Multifamily LT 5
$749.1K
$655.5K – $873.9K
NOI $52,436 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$2.34M
$2.04M – $2.72M
NOI $163,484 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,744
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three separate residences feature spacious layouts, eat-in kitchens, and solar panels across a well-maintained property.
Where is this triplex located?
The property is located at 7714 Cypress Hills Street Glendale, NY.
What is the asking price?
The asking price for this property is $1,649,000.
What are key features of this property?
This property features: Three separate residences arranged across three floors; First‑floor one‑bedroom residence with eat‑in kitchen; Two second‑floor bedrooms with dedicated dining area
