Solid Brick 6-Unit
78-11 73rd Pl, Glendale, NY 11385
New
- Added:
- Jun 4, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 5 at 5:06 am
Property Features for 78-11 73rd Pl
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bathrooms
- 6
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Kitchen
- Parking features
- Garage
- Basement Y/N
- 1
- Standard status
- Active
- Size
- 4,500 SF
Taxes and HOA fees
- Tax Annual Amount
- 0
Utilities
- Heating system
- Natural Gas, Steam
Building Details
- Year built
- 1925
- Year renovated
- 1925
- Flooring type
- Hardwood
- Building materials
- Brick
- Roof type
- Flat
- Architectural style
- Other
Listing agent Lucy Lu
Listing office LANDMARK INTERNATIONAL REAL ESTATE GROUP LLC 38-19 UNION ST SUITE 201, FLUSHING, NY (718) 898-8300
Listing date Jun 4, 2026
MLS# 11801015
Listing URL
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Glendale 6‑family solid brick, semi‑attached building built in 1925
- Fully occupied 6 units, all 2‑bedroom layouts with living room, kitchen, and bath
- Unit mix: 4 free‑market units and 2 rent‑stabilized units (1A and 3A stabilized)
- Current rents total $103,800 annually: 1A $1,080; 1B $1,300; 2A $1,650; 2B $1,680; 3A $1,575; 3B $1,365
- Heating includes natural gas and steam; hardwood flooring; flat roof
- Garage parking and basement included
Overview
This is a semi-attached, solid brick, walk-up six-family building in Glendale. The property consists of four free-market units and two rent-stabilized units, with units described as two bedrooms, a living room, kitchen, and bath. The building is fully occupied. Current tenant rents provided for the stabilized and free-market units are listed by unit number in the remarks.
The property is located at 78-11 73rd Pl in Glendale, Queens, NY 11385. The offering includes the stated annual rent roll and annual operating expense figures, along with annual property taxes.
For buyers or owner-operators seeking a small residential income asset, this building offers a straightforward unit mix of all two-bedroom apartments, with both free-market and rent-stabilized components. The property’s provided expense and tax information can help underwrite ongoing ownership costs, supported by the current, fully occupied status described in the remarks.
The property is located at 78-11 73rd Pl in Glendale, Queens, NY 11385. The offering includes the stated annual rent roll and annual operating expense figures, along with annual property taxes.
For buyers or owner-operators seeking a small residential income asset, this building offers a straightforward unit mix of all two-bedroom apartments, with both free-market and rent-stabilized components. The property’s provided expense and tax information can help underwrite ongoing ownership costs, supported by the current, fully occupied status described in the remarks.
Local 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 | $207.9k | $46.20 |
| − Vacancy | −$7.9k | −$1.76 |
| EGI | $200.0k | $44.44 |
| − OpEx | −$90.0k | −$20.00 |
| NOI | $110.0k | $24.44 |
4,500 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.57M
$1.38M – $1.83M
NOI $110,000 @ 7.0% cap · market cap 7.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.32M
$2.90M – $3.87M
NOI $232,222 @ 7.0% cap · market cap 14.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Glendale
- County
- Queens
- State
- New York
- Longitude
- -73.875773
- Latitude
- 40.703882
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Fully occupied six-unit building with two-bedroom layouts and a mix of free-market and rent-stabilized units.
Where is this apartment building located?
The property is located at 78-11 73rd Pl Glendale, NY.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Glendale 6‑family solid brick, semi‑attached building built in 1925; Fully occupied 6 units, all 2‑bedroom layouts with living room, kitchen, and bath; Unit mix: 4 free‑market units and 2 rent‑stabilized units (1A and 3A stabilized)
