Duplex with Detached
For Sale
$1,358,000
7805 83rd Street, Glendale, NY 11385
Two separate residential layouts are complemented by a finished basement with a bathroom, laundry area, and walk-out access.
Property Size2,273 SF
Price / SF$597.45
Days on Market12
Property Features for 7805 83rd Street
General Information
Standard status
Active
Size
2,273 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$9,093
Amenities
First Floor Bedroom
First Floor Full Bath
Ceiling Fan(s)
Eat-in Kitchen
Entrance Foyer
Formal Dining
Granite Counters
Building Details
Building Size
2,273 SF
Year Built
1920
Units
2
Listing Agency:
Four Seasons Realty Team
(516) 721-4444
Listed By:
Lynne Maimone Koszalka CRB E-PRO P
(917) 689-0795
Source:
Croninreale
Added: Oct 14
Changed: Oct 23
Last Checked: Oct 23 at 5:35PM
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 Four Seasons Realty Team
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Investment Insights
Based on property information with market context.
Built in 1920, this 2,273-square-foot duplex has two distinct residential units. The first-floor unit includes a living room, formal dining room, eat-in kitchen with granite countertops and stainless steel appliances, two bedrooms, and a full bathroom. The upper-level unit offers a living room, formal dining room, eat-in kitchen, three bedrooms, and a full hall bathroom.
A finished basement adds bonus space, a bathroom, and a laundry area, with walk-out access to the yard. The property also includes a driveway and a detached two-car garage. Located at 7805 83rd Street in Glendale, the home is described as close to shopping, dining, parks, public transportation, and major roadways.
A finished basement adds bonus space, a bathroom, and a laundry area, with walk-out access to the yard. The property also includes a driveway and a detached two-car garage. Located at 7805 83rd Street in Glendale, the home is described as close to shopping, dining, parks, public transportation, and major roadways.
Key Highlights
- 2,273‑square‑foot duplex built in 1920
- Two‑bedroom first‑floor unit and three‑bedroom upper‑level unit
- Finished basement with bathroom, laundry area, and walk‑out access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,562
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,111,240
$1.1M
Cap Rate 7%
$793,743
$793.7K
Cap Rate 9%
$617,356
$617.4K
Market Conditions
NOI Build-Up for 2,273 SF
Gross rent
$105.0K $46.20/SF
− Vacancy
−$4.0K −$1.76/SF
EGI
$101.0K $44.44/SF
− OpEx
−$45.5K −$20.00/SF
NOI
$55.6K $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%
$1,111,240
Cap Rate 7%
$793,743
Cap Rate 9%
$617,356
Alternative Uses
Best Use
Apartment 5plus
$793.7K
$694.5K – $926.0K
NOI $55,562 @ 7.0% cap · market cap 4.09%
Second Best
Multifamily LT 5
$537.5K
$470.3K – $627.0K
NOI $37,622 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$1.68M
$1.47M – $1.95M
NOI $117,298 @ 7.0% cap · market cap 8.64%
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
1,695
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residential layouts are complemented by a finished basement with a bathroom, laundry area, and walk-out access.
Where is this duplex located?
The property is located at 7805 83rd Street Glendale, NY.
What is the asking price?
The asking price for this property is $1,358,000.
What are key features of this property?
This property features: 2,273‑square‑foot duplex built in 1920; Two‑bedroom first‑floor unit and three‑bedroom upper‑level unit; Finished basement with bathroom, laundry area, and walk‑out access
