Duplex with Private
New
For Sale
$1,395,000
79-34 68th Avenue, Middle Village, NY 11379
Two residential units have separate meters and ductless heating and cooling systems.
Property Size2,600 SF
Price / SF$536.54
Days on Market2
Property Features for 79-34 68th Avenue
General Information
Standard status
Active
Size
2,600 SF
Total Parking Spaces
3
Property subtype
Residential Income
Units
Unit Mix
2BR/1BA
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$6,552
Amenities
Security camera system
Hardwood
2
No
Yes
5
Ceiling Fan(s),Chefs Kitchen,Crown Molding,Eat-in Kitchen,Entrance Foyer,Granite Counters,Natural Woodwork
Public
3
Shared Driveway
Building Details
Year Built
1930
Buildings
1
Stories
3
Listing Agency:
Howard Hanna NYC LLC
(516) 703-2918
Listed By:
Noman Basit
Source:
Hedgestonehomes
Added: Oct 31
Last Checked: Oct 28 at 9:18AM
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 Howard Hanna NYC LLC
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Investment Insights
Based on property information with market context.
This renovated, semi-detached duplex contains two two-bedroom, one-bathroom apartments on the second and third floors. The upper apartment features hardwood flooring, a separate windowed kitchen, four closets, and a skylight. The second-floor unit has a windowed eat-in kitchen and direct access to a deck and backyard. A finished walk-out recreational area occupies the first floor and will be delivered vacant. The property was built in 1930.
The apartments have individual meters, new ductless systems, and separate heating zones. A new water main and one Con Edison-approved PLP meter serve the property. Shared driveway access leads to private parking for three cars; the yard has a PVC fence and exterior security cameras.
The apartments have individual meters, new ductless systems, and separate heating zones. A new water main and one Con Edison-approved PLP meter serve the property. Shared driveway access leads to private parking for three cars; the yard has a PVC fence and exterior security cameras.
Key Highlights
- Two 2‑bedroom, 1‑bathroom apartments
- Private parking for 3 cars with shared driveway access
- Finished walk‑out recreational area on the first floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,555
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,271,100
$1.3M
Cap Rate 7%
$907,929
$907.9K
Cap Rate 9%
$706,167
$706.2K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$120.1K $46.20/SF
− Vacancy
−$4.6K −$1.76/SF
EGI
$115.6K $44.44/SF
− OpEx
−$52.0K −$20.00/SF
NOI
$63.6K $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%
$1,271,100
Cap Rate 7%
$907,929
Cap Rate 9%
$706,167
Alternative Uses
Best Use
Apartment 5plus
$907.9K
$794.4K – $1.06M
NOI $63,555 @ 7.0% cap · market cap 4.56%
Second Best
Multifamily LT 5
$614.8K
$537.9K – $717.2K
NOI $43,034 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,172 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,524
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
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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?
Duplex - Two residential units have separate meters and ductless heating and cooling systems.
Where is this duplex located?
The property is located at 79-34 68th Avenue Middle Village, NY.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bathroom apartments; Private parking for 3 cars with shared driveway access; Finished walk‑out recreational area on the first floor
