Two-Family Duplex with
78-12 64th Street, Glendale, NY 11385
For Sale
$1,290,000
Vacant Colonial residence with two apartments, a finished basement, and private off-street parking.
Property Size1,912 SF
Days on Market12
Property Features for 78-12 64th Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
O Kane Realty
Listed By:
John O Kane
(917) 859-9362
Source:
Serhant
Added: Oct 28
Changed: Nov 7
Last Checked: Nov 7 at 12:14PM
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 O Kane Realty
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Investment Insights
Based on property information with market context.
Built in 1930, this two-family Colonial has a 20-by-60-foot footprint and two six-room apartments. The first-floor unit has two bedrooms; the upper apartment has three. Parquet hardwood floors run throughout, and the fully finished basement has high windows, interior access, and two exterior entrances. The property will be delivered vacant.
A 70-foot private driveway leads to a detached two-car garage. Forest Park is nearby, along with shopping, dining, schools, and public transportation.
A 70-foot private driveway leads to a detached two-car garage. Forest Park is nearby, along with shopping, dining, schools, and public transportation.
Key Highlights
- Two apartments, each arranged across six rooms
- First‑floor apartment has 2 bedrooms; second‑floor apartment has 3
- 20' x 60' Colonial built in 1930
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,738
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$934,760
$934.8K
Cap Rate 7%
$667,686
$667.7K
Cap Rate 9%
$519,311
$519.3K
Market Conditions
NOI Build-Up for 1,912 SF
Gross rent
$88.3K $46.20/SF
− Vacancy
−$3.4K −$1.76/SF
EGI
$85.0K $44.44/SF
− OpEx
−$38.2K −$20.00/SF
NOI
$46.7K $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%
$934,760
Cap Rate 7%
$667,686
Cap Rate 9%
$519,311
Alternative Uses
Best Use
Apartment 5plus
$667.7K
$584.2K – $779.0K
NOI $46,738 @ 7.0% cap · market cap 3.62%
Second Best
Multifamily LT 5
$452.1K
$395.6K – $527.5K
NOI $31,647 @ 7.0% cap · market cap 2.45%
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,668 @ 7.0% cap · market cap 7.65%
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
5,689
Businesses Nearby
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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
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Market
Properties on Market for Duplexes in Glendale
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Vacant Colonial residence with two apartments, a finished basement, and private off-street parking.
Where is this duplex located?
The property is located at 78-12 64th Street Glendale, NY.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: Two apartments, each arranged across six rooms; First‑floor apartment has 2 bedrooms; second‑floor apartment has 3; 20' x 60' Colonial built in 1930
