3-Unit Triplex with
For Sale
$1,398,000
78-09 67th Drive, Middle Village, NY 11379
Separate upper-floor apartments complement a three-bedroom main level and a basement with recreation space.
Property Size2,400 SF
Price / SF$582.50
Days on Market24
Property Features for 78-09 67th Drive
General Information
Standard status
Active
Size
2,400 SF
Total Parking Spaces
2
Property subtype
Multi-Unit (2-4)
Units
Unit Mix
1 x 3BR/1BA, 1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
3
Individually Metered Utilities
gas, electricity
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1920
Buildings
1
Stories
2
Construction
semi-detached
Listing Agency:
PRIME AMERICA REAL ESTATE INC
Listed By:
Gobinda Lama · License #10311207567
(347) 725-3142
Source:
Gosenproperties
Added: Oct 8
Changed: Oct 28
Last Checked: Oct 28 at 4:27PM
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 PRIME AMERICA REAL ESTATE INC
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Investment Insights
Based on property information with market context.
This semi-detached three-family home has a basement, a six-room first floor, and two apartments on the second floor. The basement includes a utility room, recreation area, and high ceilings. The first floor has three bedrooms, a home office, living and dining rooms, and a full bathroom. Upstairs, the front apartment has one bedroom and the rear apartment has two; each includes a bathroom, living and dining areas, and an eat-in kitchen.
A two-car garage and an approximately 8-foot-wide party driveway provide private vehicle parking. The property was built in 1920 and has three gas meters and four electric meters.
A two-car garage and an approximately 8-foot-wide party driveway provide private vehicle parking. The property was built in 1920 and has three gas meters and four electric meters.
Key Highlights
- Three‑family semi‑detached home with two second‑floor apartments
- First floor includes three bedrooms, a home office, living and dining rooms, and a full bathroom
- Second‑floor apartments have one and two bedrooms, respectively, with eat‑in kitchens
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,667
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,173,340
$1.2M
Cap Rate 7%
$838,100
$838.1K
Cap Rate 9%
$651,856
$651.9K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$110.9K $46.20/SF
− Vacancy
−$4.2K −$1.76/SF
EGI
$106.7K $44.44/SF
− OpEx
−$48.0K −$20.00/SF
NOI
$58.7K $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%
$1,173,340
Cap Rate 7%
$838,100
Cap Rate 9%
$651,856
Alternative Uses
Best Use
Apartment 5plus
$838.1K
$733.3K – $977.8K
NOI $58,667 @ 7.0% cap · market cap 4.20%
Second Best
Multifamily LT 5
$567.5K
$496.6K – $662.1K
NOI $39,724 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,852 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,504
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?
Triplex - Separate upper-floor apartments complement a three-bedroom main level and a basement with recreation space.
Where is this triplex located?
The property is located at 78-09 67th Drive Middle Village, NY.
What is the asking price?
The asking price for this property is $1,398,000.
What are key features of this property?
This property features: Three‑family semi‑detached home with two second‑floor apartments; First floor includes three bedrooms, a home office, living and dining rooms, and a full bathroom; Second‑floor apartments have one and two bedrooms, respectively, with eat‑in kitchens
