Duplex with Finished
80-93 Cypress Avenue, Queens, NY 11385
For Sale
$1,449,995
Both apartments have two bedrooms, while the lower unit connects to a finished walkout basement.
Property Size2,767 SF
Lot Size0.09 Acres
Price / SF$524.03
Days on Market97
Property Features for 80-93 Cypress Avenue
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
fully fenced backyard
private double driveway
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
Corcoran Group
Listed By:
Francois Guerrier · License NY #10401274603
(917) 200-2895
Source:
Dallien
Added: Aug 7
Changed: Nov 7
Last Checked: Nov 10 at 4:27PM
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 Corcoran Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This semi-detached brick duplex contains two apartments, each with two bedrooms. The lower apartment has been updated and includes a finished walkout basement with laundry and utility areas. The property also has hardwood flooring, updated bathrooms, and a fenced backyard. Two furnaces were installed in 2018, and the hot water heater was replaced in 2020.
Located on Cypress Avenue in Ridgewood, the property is near shops, restaurants, parks, and public transportation. A private double driveway serves the property.
Located on Cypress Avenue in Ridgewood, the property is near shops, restaurants, parks, and public transportation. A private double driveway serves the property.
Key Highlights
- 2,767 square feet of interior space on a 3,935‑square‑foot lot
- Two apartments, each with two bedrooms
- Finished walkout basement with washer and dryer in the lower unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,375
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,367,500
$1.4M
Cap Rate 7%
$976,786
$976.8K
Cap Rate 9%
$759,722
$759.7K
Market Conditions
NOI Build-Up for 2,767 SF
Gross rent
$106.3K $38.40/SF
− Vacancy
−$8.6K −$3.10/SF
EGI
$97.7K $35.30/SF
− OpEx
−$29.3K −$10.59/SF
NOI
$68.4K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,367,500
Cap Rate 7%
$976,786
Cap Rate 9%
$759,722
Alternative Uses
Best Use
Multifamily LT 5
$976.8K
$854.7K – $1.14M
NOI $68,375 @ 7.0% cap · market cap 4.72%
Second Best
Apartment 5plus
$966.3K
$845.5K – $1.13M
NOI $67,638 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$2.04M
$1.78M – $2.38M
NOI $142,790 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,275
Businesses Nearby
Explore this area
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
$842,800
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Queens, NY
Properties on Market for Duplexes in Queens
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments have two bedrooms, while the lower unit connects to a finished walkout basement.
Where is this duplex located?
The property is located at 80-93 Cypress Avenue Queens, NY.
What is the asking price?
The asking price for this property is $1,449,995.
What are key features of this property?
This property features: 2,767 square feet of interior space on a 3,935‑square‑foot lot; Two apartments, each with two bedrooms; Finished walkout basement with washer and dryer in the lower unit
