Two-Family Duplex With Bonus
For Sale
$1,198,000
83-32 60th Avenue, Middle Village, NY 11379
Legal duplex with two two-bedroom apartments and a walk-in level used for laundry and additional storage.
Property Size2,680 SF
Price / SF$447.01
Days on Market10
Property Features for 83-32 60th Avenue
General Information
Standard status
Active
Size
2,680 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$11,897
Amenities
laundry area
Building Details
Building Size
2,680 SF
Year Built
1960
Listing Agency:
Stephen Joseph Properties
(516) 805-0689
Listed By:
Maria Jeremenko
Source:
Cbwarburg
Added: Jul 28
Changed: Aug 5
Last Checked: Aug 5 at 6:50AM
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 Stephen Joseph Properties
Investment Insights
Based on property information with market context.
This 2,680-square-foot duplex is configured as a legal two-family residence with two separate apartments. Each apartment includes two bedrooms, one full bathroom, a living room, a kitchen, and a dedicated dinette area. The property was built in 1960 and also includes a walk-in level currently used for laundry, along with additional bonus space.
The walk-in level may offer the possibility of creating another unit, subject to proper permits and zoning review. Located at 83-32 60th Avenue in Middle Village, NY, the property provides a residential income configuration with flexibility for an investor or owner-occupant.
The walk-in level may offer the possibility of creating another unit, subject to proper permits and zoning review. Located at 83-32 60th Avenue in Middle Village, NY, the property provides a residential income configuration with flexibility for an investor or owner-occupant.
Key Highlights
- Legal two‑family residence with two separate apartments
- Each apartment includes 2 bedrooms, 1 full bath, living room, kitchen, and dinette area
- 2,680 square feet of property size
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $123.8k | $46.20 |
| − Vacancy | −$4.7k | −$1.76 |
| EGI | $119.1k | $44.44 |
| − OpEx | −$53.6k | −$20.00 |
| NOI | $65.5k | $24.44 |
2,680 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$935.9K
$818.9K – $1.09M
NOI $65,511 @ 7.0% cap · market cap 5.47%
Second Best
Multifamily LT 5
$633.7K
$554.5K – $739.3K
NOI $44,358 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,301 @ 7.0% cap · market cap 11.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,275
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Legal duplex with two two-bedroom apartments and a walk-in level used for laundry and additional storage.
Where is this duplex located?
The property is located at 83-32 60th Avenue Middle Village, NY.
What is the asking price?
The asking price for this property is $1,198,000.
What are key features of this property?
This property features: Legal two‑family residence with two separate apartments; Each apartment includes 2 bedrooms, 1 full bath, living room, kitchen, and dinette area; 2,680 square feet of property size
