Two-Family Duplex with Walk-In
For Sale
$1,198,000
Pending
83-32 60th Avenue, Middle Village, NY 11379
Two apartments each provide two bedrooms, a full bath, a living room, and a kitchen with a dining area.
Property Size2,680 SF
Days on Market10
Property Features for 83-32 60th Avenue
General Information
Standard status
Pending
Size
2,680 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$11,897
Amenities
2
No
Yes
4
Eat-in Kitchen
Public
Driveway, Garage, Open
2680
Building Details
Building Size
2,680 SF
Year Built
1960
Listing Agency:
Stephen Joseph Properties
(516) 703-2918
Listed By:
Noman Basit
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 3:14PM
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
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Investment Insights
Based on property information with market context.
This legal two-family residence contains 2,680 square feet across two apartments. Each apartment has two bedrooms, one full bathroom, a living room, and an eat-in kitchen with a dedicated dining area. The walk-in level is currently used for laundry and provides additional space; creating another unit would require proper permits and a zoning review.
Built in 1960, the property also includes a driveway and garage. The existing two-unit configuration and separate apartment layouts define its residential income use.
Built in 1960, the property also includes a driveway and garage. The existing two-unit configuration and separate apartment layouts define its residential income use.
Key Highlights
- Legal two‑family residence with two apartments
- Each apartment includes two bedrooms, one full bath, a living room, and an eat‑in kitchen
- 2,680 square feet; built in 1960
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,511
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,310,220
$1.3M
Cap Rate 7%
$935,871
$935.9K
Cap Rate 9%
$727,900
$727.9K
Market Conditions
NOI Build-Up for 2,680 SF
Gross rent
$123.8K $46.20/SF
− Vacancy
−$4.7K −$1.76/SF
EGI
$119.1K $44.44/SF
− OpEx
−$53.6K −$20.00/SF
NOI
$65.5K $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%
$1,310,220
Cap Rate 7%
$935,871
Cap Rate 9%
$727,900
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,540
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments each provide two bedrooms, a full bath, a living room, and a kitchen with a dining area.
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 apartments; Each apartment includes two bedrooms, one full bath, a living room, and an eat‑in kitchen; 2,680 square feet; built in 1960
