Two-Unit Duplex with Private
For Sale
$925,000
79-47 68th, Middle Village, NY 11379
Renovated interiors include stainless steel appliances and forced-air heating.
Property Size1,634 SF
Price / SF$566.10
Days on Market17
Property Features for 79-47 68th
General Information
Standard status
Active
Size
1,634 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,264
Amenities
First Floor Bedroom
First Floor Full Bath
Entrance Foyer
Open Floorplan
Open Kitchen
Primary Bathroom
Quartz/Quartzite Counters
Recessed Lighting
Washer/Dryer Hookup
Building Details
Building Size
1,634 SF
Year Built
1930
Buildings
1
Stories
2
Units
2
Listing Agency:
Macaluso Realty
(718) 894-5000
Listed By:
Antoniette Caruana
(718) 207-3557
Source:
Croninreale
Added: Oct 12
Changed: Oct 26
Last Checked: Oct 26 at 4:05AM
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 Macaluso Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1930, this 1,634-square-foot duplex contains two one-bedroom apartments, one on each floor. The first-floor unit connects directly to a private backyard, which can also be reached by a community driveway. Recent work includes new flooring, updated kitchens with stainless steel appliances, a replacement roof and siding, and improvements to the plumbing and electrical systems. Heating is forced air.
Bus routes Q29, Q47, and Q54 and the M train serve the area. Metropolitan Avenue’s shopping and dining, Atlas Park Mall, Stop & Shop, and Trader Joe’s are nearby. Highway access includes the Long Island Expressway, Jackie Robinson Parkway, and Grand Central Parkway. Juniper Valley Park and Forest Park are also in the vicinity.
Bus routes Q29, Q47, and Q54 and the M train serve the area. Metropolitan Avenue’s shopping and dining, Atlas Park Mall, Stop & Shop, and Trader Joe’s are nearby. Highway access includes the Long Island Expressway, Jackie Robinson Parkway, and Grand Central Parkway. Juniper Valley Park and Forest Park are also in the vicinity.
Key Highlights
- Two one‑bedroom apartments, one on each floor
- 1,634 square feet; built in 1930
- Updated kitchens with stainless steel appliances; forced‑air heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,942
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$798,840
$798.8K
Cap Rate 7%
$570,600
$570.6K
Cap Rate 9%
$443,800
$443.8K
Market Conditions
NOI Build-Up for 1,634 SF
Gross rent
$75.5K $46.20/SF
− Vacancy
−$2.9K −$1.76/SF
EGI
$72.6K $44.44/SF
− OpEx
−$32.7K −$20.00/SF
NOI
$39.9K $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%
$798,840
Cap Rate 7%
$570,600
Cap Rate 9%
$443,800
Alternative Uses
Best Use
Apartment 5plus
$570.6K
$499.3K – $665.7K
NOI $39,942 @ 7.0% cap · market cap 4.32%
Second Best
Multifamily LT 5
$386.4K
$338.1K – $450.8K
NOI $27,045 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$1.20M
$1.05M – $1.41M
NOI $84,322 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,672
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Renovated interiors include stainless steel appliances and forced-air heating.
Where is this duplex located?
The property is located at 79-47 68th Middle Village, NY.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Two one‑bedroom apartments, one on each floor; 1,634 square feet; built in 1930; Updated kitchens with stainless steel appliances; forced‑air heating
