Duplex with Finished
For Sale
$1,100,000
Pending
86-32 79th Street, Woodhaven, NY 11421
Two legal residences provide separate living areas, while the lower level adds recreation and storage space.
Property Size2,474 SF
Lot Size0.06 Acres
Days on Market15
Property Features for 86-32 79th Street
General Information
Standard status
Pending
Size
2,474 SF
Lot size
0.06 Acres
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,500
Amenities
Finished,Full
2
Yes
6
First Floor Bedroom,First Floor Full Bath
Finished, Full
Public
No
Open
2474
Building Details
Building Size
2,474 SF
Year Built
1920
Buildings
1
Stories
2
Construction
frame
Listing Agency:
(516) 788-8382
Listed By:
Pankaj Kalia
Source:
Sunluxrealty
Added: Oct 16
Changed: Oct 29
Last Checked: Oct 29 at 2:46PM
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 Pankaj Kalia
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Investment Insights
Based on property information with market context.
Built in 1920, this legal two-family residence contains two separate units, each with a living room, eat-in kitchen, three bedrooms, and a full bathroom. The finished basement adds a half bathroom, two rooms, and an open recreation area. Above, a walk-up attic offers nearly 700 square feet; conversion to living space would require permits and approvals. The property occupies a 25 x 100 lot.
The home is in Woodhaven, Queens, between Forest Park and the shops and cafés along Jamaica Avenue. Access to the J train and major roadways is noted. The two-unit layout and finished lower level provide distinct areas for household use, recreation, and storage.
The home is in Woodhaven, Queens, between Forest Park and the shops and cafés along Jamaica Avenue. Access to the J train and major roadways is noted. The two-unit layout and finished lower level provide distinct areas for household use, recreation, and storage.
Key Highlights
- Legal two‑family residence with two three‑bedroom units
- Each unit has an eat‑in kitchen, living room, and full bathroom
- Finished basement includes a half bathroom, two rooms, and open recreation area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,475
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,209,500
$1.2M
Cap Rate 7%
$863,929
$863.9K
Cap Rate 9%
$671,944
$671.9K
Market Conditions
NOI Build-Up for 2,474 SF
Gross rent
$114.3K $46.20/SF
− Vacancy
−$4.3K −$1.76/SF
EGI
$110.0K $44.44/SF
− OpEx
−$49.5K −$20.00/SF
NOI
$60.5K $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%
$1,209,500
Cap Rate 7%
$863,929
Cap Rate 9%
$671,944
Alternative Uses
Best Use
Apartment 5plus
$863.9K
$755.9K – $1.01M
NOI $60,475 @ 7.0% cap · market cap 5.50%
Second Best
Multifamily LT 5
$585.0K
$511.9K – $682.5K
NOI $40,949 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$1.82M
$1.60M – $2.13M
NOI $127,670 @ 7.0% cap · market cap 11.61%
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
1,501
Businesses Nearby
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Business Placement
Demographics for 11421, NY
42,586
Population
12,776
Households
3.3
Avg Household Size
38
Median Age
26%
College-Educated
79%
High-School Grad
1.3 sq mi
ZIP Area
32,758
Density / Sq Mi
$89,439
Median Household Income
$40,934
Median Earnings
$1,901
Median Rent
$682,800
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 legal residences provide separate living areas, while the lower level adds recreation and storage space.
Where is this duplex located?
The property is located at 86-32 79th Street Woodhaven, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Legal two‑family residence with two three‑bedroom units; Each unit has an eat‑in kitchen, living room, and full bathroom; Finished basement includes a half bathroom, two rooms, and open recreation area
