Renovated Two-Family
For Sale
$1,295,000
88-30 79th Avenue, Glendale, NY 11385
A full basement, detached garage, and private outdoor area add useful space.
Property Size1,636 SF
Days on Market191
Property Features for 88-30 79th Avenue
General Information
Standard status
Active
Size
1,636 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,534
Amenities
private outdoor space
full basement
detached garage
Building Details
Building Size
1,636 SF
Year Built
1930
Listing Agency:
Winzone Realty Inc
Listed By:
Einer M. Carvajal Suarez
(718) 899-7000
Source:
Serhant
Added: Apr 8
Changed: Oct 15
Last Checked: Oct 15 at 2:40AM
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 Winzone Realty Inc
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Investment Insights
Based on property information with market context.
This two-family property was built in 1930 and has been renovated with updated kitchens and bathrooms, contemporary lighting, and modern finishes. Three full bathrooms include a glass-enclosed shower. The home also has a full basement and a detached garage.
Private outdoor space provides an additional area for use outside the home.
Private outdoor space provides an additional area for use outside the home.
Key Highlights
- Two‑family home renovated with updated kitchens and bathrooms
- Three full bathrooms, including a glass‑enclosed shower
- Full basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,991
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$799,820
$799.8K
Cap Rate 7%
$571,300
$571.3K
Cap Rate 9%
$444,344
$444.3K
Market Conditions
NOI Build-Up for 1,636 SF
Gross rent
$75.6K $46.20/SF
− Vacancy
−$2.9K −$1.76/SF
EGI
$72.7K $44.44/SF
− OpEx
−$32.7K −$20.00/SF
NOI
$40.0K $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%
$799,820
Cap Rate 7%
$571,300
Cap Rate 9%
$444,344
Alternative Uses
Best Use
Apartment 5plus
$571.3K
$499.9K – $666.5K
NOI $39,991 @ 7.0% cap · market cap 3.09%
Second Best
Multifamily LT 5
$386.8K
$338.5K – $451.3K
NOI $27,078 @ 7.0% cap · market cap 2.09%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,425 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,452
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A full basement, detached garage, and private outdoor area add useful space.
Where is this duplex located?
The property is located at 88-30 79th Avenue Glendale, NY.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Two‑family home renovated with updated kitchens and bathrooms; Three full bathrooms, including a glass‑enclosed shower; Full basement
