This is an exceptional opportunity for seasoned investors only. The property is currently occupied, and interior access will not be provided. The eviction process has already been initiated, and the buyer must be willing to take the property as-is, assume the remainder of the legal process, and proceed based on exterior evaluation only. Seller is flexible and negotiable for the right investor ready to move forward.
Situated in prime Middle Village, one of Queens’ most desirable and supply-constrained neighborhoods, this legal two-family offers a rare blend of upside and location. The layout features a two-bedroom over two-bedroom configuration with a partially finished basement, all set on a 2,736 sq ft corner lot zoned M1-1 with residential use — creating potential value in a transitioning, mixed-use corridor.
This classic 1920s brick-frame home offers the lot depth, frontage, and positioning that make Middle Village a long-term hold for many investors. Moments from Juniper Valley Park, the Metropolitan Ave corridor, major highways, and transit connections to Manhattan, Forest Hills, and the LIRR, this property sits in a location known for both its stability and future growth.
This is not your typical listing — but for the right buyer, it’s a unique chance to secure a high-demand property in a market where inventory is scarce and opportunity is rare.
Listed by Matthew Schnepf
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Coldwell Banker American Homes
·
718-206-1340
Last updated July 12, 2025
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Source: OneKey #888128
Listing Facts
TypeMulti-family
NeighborhoodMiddle Village
Bedrooms4
Bathrooms2
Days on Prevu58
Taxes$7,512.6/year
Amenities
Parking
Location
Mortgage Calculator
Listing History
07/11/2025
Listed by Coldwell Banker American Homes
$850,000
Estimated Closing Costs
Total
$26,415
Attorney Fees
$4,000
Title Insurance
$3,825
Bank Attorney
$1,500
Mortgage Recording Tax
$13,090
Other Closing Costs
$4,000
Estimated closing costs are based on the list price of $850,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.
Property Details for 69-55 78th Street
Exterior
Construction
Number Of Units Total: 2
Property Attached: Yes
Year Built: 1920
Construction Materials: Frame
Measurements
Building Area Total: 1,620
Building Area Units: Square Feet
Lot Size Acres: 0.06
Lot Size Square Feet: 2,736
Financial
Taxes
Parcel Number: 03798-0109
Tax Annual Amount: $7,512.60
Tax Assessed Value: $54,120.00
Tax Year: 2024
Interior
Features
Interior Features: First Floor Bedroom
Rooms
Basement: Full, Partially Finished
Has Basement: Yes
Bathrooms Full: 2
Bathrooms Total Integer: 2
Bedrooms Total: 4
Parking
Parking
Parking Features: Driveway
Parking Total: 1
Utilities
Equipment
Cooling: Wall/Window Unit(s)
Heating: Natural Gas
Sewer: Public Sewer
Utilities: Electricity Connected, Natural Gas Connected
Water Source: Public
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