Three-Unit Triplex with Solar
For Sale
$1,649,000
7714 Cypress Hills Street, Glendale, NY 11385
Three-story configuration includes one one-bedroom residence and two two-bedroom residences, each with a living room, kitchen, and full bathroom.
Property Size3,168 SF
Days on Market252
Property Features for 7714 Cypress Hills Street
General Information
Standard status
Active
Size
3,168 SF
Property subtype
Triplex
Units
Unit Mix
1 x 1BR/1BA, 2 x 2BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$11,503
Amenities
solar panels
Building Details
Building Size
3,168 SF
Year Built
1970
Buildings
1
Stories
3
Listing Agency:
Coldwell Banker Kueber Realty
Listed By:
Daniela Cazan
(347) 806-8407
Source:
Serhant
Added: Feb 1
Changed: Oct 9
Last Checked: Oct 10 at 2:07AM
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 Coldwell Banker Kueber Realty
Investment Insights
Based on property information with market context.
This three-family property contains one residence on each of its three floors. The first-floor unit has one bedroom, a living room, a full bathroom, and an eat-in kitchen. Two-bedroom residences occupy the second and third floors, each offering a living room, eat-in kitchen, dining area, and full bathroom.
Built in 1970, the property is equipped with solar panels. The address is near shopping, fine dining, and transportation in Glendale, New York. The three-unit layout provides distinct residential spaces within a single multifamily asset.
Built in 1970, the property is equipped with solar panels. The address is near shopping, fine dining, and transportation in Glendale, New York. The three-unit layout provides distinct residential spaces within a single multifamily asset.
Key Highlights
- Three‑family property arranged across three floors
- Unit mix includes one one‑bedroom residence and two two‑bedroom residences
- Each residence includes a living room, kitchen, and full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,440
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,548,800
$1.5M
Cap Rate 7%
$1,106,286
$1.1M
Cap Rate 9%
$860,444
$860.4K
Market Conditions
NOI Build-Up for 3,168 SF
Gross rent
$146.4K $46.20/SF
− Vacancy
−$5.6K −$1.76/SF
EGI
$140.8K $44.44/SF
− OpEx
−$63.4K −$20.00/SF
NOI
$77.4K $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%
$1,548,800
Cap Rate 7%
$1,106,286
Cap Rate 9%
$860,444
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
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,045
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-story configuration includes one one-bedroom residence and two two-bedroom residences, each with a living room, kitchen, and full bathroom.
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‑family property arranged across three floors; Unit mix includes one one‑bedroom residence and two two‑bedroom residences; Each residence includes a living room, kitchen, and full bathroom
