Triplex with Two-Car
For Sale
$1,398,000
7809 67th Drive, Middle Village, NY 11379
Three residential units occupy the property, including two separate apartments on the second floor.
Property Size3,320 SF
Price / SF$388.33
Days on Market8
Property Features for 7809 67th Drive
General Information
Standard status
Active
Size
3,320 SF
Total Parking Spaces
2
Property subtype
Triplex
Units
Unit Mix
1 x 3BR/1BA, 1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
3
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$7,465
Building Details
Building Size
3,320 SF
Year Built
1920
Buildings
1
Listing Agency:
Prime America Real Estate Inc
Listed By:
Enisa Pjetrovic
(929) 400-2718
Source:
Serhant
Added: Oct 9
Changed: Oct 11
Last Checked: Oct 15 at 7:58AM
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.
Built in 1920, this three-family property offers approximately 3,600 square feet across a basement and two upper floors. The basement measures approximately 1,200 square feet and includes a utility room and recreation space. The first floor has six rooms: three bedrooms, a home office, a living room, a dining room, and a full bathroom. Two separate apartments occupy the second floor: a front one-bedroom, one-bathroom unit and a rear two-bedroom, one-bathroom unit.
A two-car garage and an approximately 8-foot-wide party driveway provide private parking. Building systems include three gas meters and four electric meters.
A two-car garage and an approximately 8-foot-wide party driveway provide private parking. Building systems include three gas meters and four electric meters.
Key Highlights
- Approximately 3,600 square feet across the basement, first, and second floors
- Two second‑floor apartments: a front one‑bedroom, one‑bathroom unit and a rear two‑bedroom, one‑bathroom unit
- First floor includes three bedrooms, an office, living and dining rooms, and a full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,000
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,760,000
$1.8M
Cap Rate 7%
$1,257,143
$1.3M
Cap Rate 9%
$977,778
$977.8K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$166.3K $46.20/SF
− Vacancy
−$6.3K −$1.76/SF
EGI
$160.0K $44.44/SF
− OpEx
−$72.0K −$20.00/SF
NOI
$88.0K $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%
$1,760,000
Cap Rate 7%
$1,257,143
Cap Rate 9%
$977,778
Alternative Uses
Best Use
Apartment 5plus
$1.26M
$1.10M – $1.47M
NOI $88,000 @ 7.0% cap · market cap 6.29%
Second Best
Multifamily LT 5
$851.2K
$744.8K – $993.1K
NOI $59,586 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$2.65M
$2.32M – $3.10M
NOI $185,777 @ 7.0% cap · market cap 13.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,512
Businesses Nearby
Explore this area
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
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
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units occupy the property, including two separate apartments on the second floor.
Where is this triplex located?
The property is located at 7809 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: Approximately 3,600 square feet across the basement, first, and second floors; Two second‑floor apartments: a front one‑bedroom, one‑bathroom unit and a rear two‑bedroom, one‑bathroom unit; First floor includes three bedrooms, an office, living and dining rooms, and a full bathroom
