Two-Family Duplex
For Sale
$1,450,000
Pending
88-56 Aubrey Avenue, Glendale, NY 11385
Two separate residences offer multi-level layouts, private access to the upper unit, and garage parking.
Property Size2,835 SF
Lot Size0.07 Acres
Days on Market9
Property Features for 88-56 Aubrey Avenue
General Information
Standard status
Pending
Size
2,835 SF
Lot size
0.07 Acres
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,439
Amenities
Finished,Full,See Remarks,Storage Space,Walk-Out Access
Ceramic Tile
5
No
Yes
7
First Floor Bedroom,First Floor Full Bath,Entrance Foyer,Formal Dining,Galley Type Kitchen,Granite Counters,High Ceilings,Primary Bathroom
Finished, Full, See Remarks, Storage Space, Walk-Out Access
Public
Driveway, Garage, Private
2835
Building Details
Building Size
2,835 SF
Year Built
1970
Buildings
1
Listing Agency:
(516) 703-2918
Listed By:
Hassan Mahmood
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 4:17PM
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 Hassan Mahmood
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Investment Insights
Based on property information with market context.
This 2,835-square-foot two-family property, built in 1970, contains two distinct residences. The first-floor home spans multiple levels and includes a basement, foyer, living room, formal dining room, galley kitchen, three bedrooms, and 1.5 baths, along with an additional room suited to bedroom, office, or guest use. The upper residence has a separate entrance and a three-bedroom, two-bath duplex layout with an attic. Hardwood floors, granite counters, storage, a garage, and a private driveway are among the listed features.
The building measures 21 by 54 feet on a 29-by-100-foot property in Glendale. Woodhaven Boulevard bus service is nearby, as are Home Depot and Trader Joe’s.
The building measures 21 by 54 feet on a 29-by-100-foot property in Glendale. Woodhaven Boulevard bus service is nearby, as are Home Depot and Trader Joe’s.
Key Highlights
- Two residences, including a three‑bedroom, two‑bath upper duplex with a private entrance
- First‑floor unit has three bedrooms, 1.5 baths, and an additional flexible‑use room
- 2,835 square feet; building measures 21 x 54 feet on a 29 x 100‑foot property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,300
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,386,000
$1.4M
Cap Rate 7%
$990,000
$990.0K
Cap Rate 9%
$770,000
$770.0K
Market Conditions
NOI Build-Up for 2,835 SF
Gross rent
$131.0K $46.20/SF
− Vacancy
−$5.0K −$1.76/SF
EGI
$126.0K $44.44/SF
− OpEx
−$56.7K −$20.00/SF
NOI
$69.3K $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%
$1,386,000
Cap Rate 7%
$990,000
Cap Rate 9%
$770,000
Alternative Uses
Best Use
Apartment 5plus
$990.0K
$866.3K – $1.16M
NOI $69,300 @ 7.0% cap · market cap 4.78%
Second Best
Multifamily LT 5
$670.3K
$586.6K – $782.1K
NOI $46,924 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,300 @ 7.0% cap · market cap 10.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,882
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 - Two separate residences offer multi-level layouts, private access to the upper unit, and garage parking.
Where is this duplex located?
The property is located at 88-56 Aubrey Avenue Glendale, NY.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Two residences, including a three‑bedroom, two‑bath upper duplex with a private entrance; First‑floor unit has three bedrooms, 1.5 baths, and an additional flexible‑use room; 2,835 square feet; building measures 21 x 54 feet on a 29 x 100‑foot property
