Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6161 62Nd Ave Middle Village, NY 11379

    Sponsored
    For Sale
    $1,298,000

    MULTI_FAMILY - Middle Village, NY

    Lot size:
    0.10 Acres
    Days on Market:
    17
    Last Refresh:
    Feb 5 at 10:06 pm

    Property Features for 6161 62Nd Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    ENERGY STAR Qualified WIndows
    Rooms
    Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 2, Basement
    Bedrooms
    4
    Bathrooms
    3
    APN
    02764-0046
    Parking
    2
    Parking features
    Driveway
    Interior features
    First Floor Bedroom, First Floor Full Bath, Primary Bathroom, Walk-In Closet(s)
    Exterior features
    Courtyard, Garden
    Basement
    Walk-Out Access, Finished, Full
    Lot size
    0.10 Acres

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating)
    Cooling system
    Wall/Window Unit(s), Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1935
    Number of units
    2
    Flooring type
    Hardwood, Carpet
    Building materials
    Frame

    We can help!

    Listing Contact
    Gobinda Lama
    Gobinda Lama

    Prime America Real Estate, Inc. (646) 371-6141

    Listing agent Gobinda K. Lama

    Listing date Jan 20, 2026

    MLS# 945102

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Middle Village Multifamily Home with Potential

    Located in Middle Village, NY, this multifamily home is set on a double lot. The property features landscaped grounds with trees and gardens. It includes two apartments with sunlit living spaces and 10-foot ceilings. Each apartment has a kitchen and four bedrooms. The fully finished basement has a separate entrance. Recent upgrades include Renewal by Andersen windows with transferable warranties, a professionally maintained roof, and refreshed interiors. The 4,229 sq ft lot is zoned R4-1, offering potential for expansion or subdivision. The property has parking for multiple vehicles. It is located near schools, parks, shopping, and transit. The property has favorable taxes and is not in a flood risk area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Middle Village
    County
    Queens
    State
    New York
    Longitude
    -73.899637
    Latitude
    40.714212

    Nearby Similar for Sale

    • $1,800,000
      Pending

      Renovated Middle Village Three-Family Home

      Corner brick three-family home with garage, renovated, near Juniper Valley Park.
      7521 Caldwell Ave, Middle Village, NY 11379
      View Details
    • $1,648,000
      0.09 Acres

      Middle Village Multifamily Investment Opportunity

      Six-family property in prime Middle Village location, near transportation.
      8439 60Th Dr, Middle Village, NY 11379
      View Details
    • $1,648,000
      0.09 Acres

      Middle Village Multifamily Investment Opportunity

      Legal six-family property in prime Middle Village location.
      84-39 60Th Dr, Middle Village, NY 11379
      View Details
    • $1,599,000
      0.06 Acres

      Corner Two-Family Home, Middle Village

      Solid brick, two-family home in prime Middle Village location.
      8318 58Th Ave, Middle Village, NY 11379
      View Details
    • $1,475,000
      0.04 Acres

      Spacious Multi-Family Home, Middle Village

      Multi-family home with income potential in a desirable location.
      6536 Metropolitan Ave, Middle Village, NY 11379
      View Details
    • $1,550,000
      Pending

      Spacious Two-Family Home with Yard

      Large, clean, two-family home with oversized yard and parking.
      6227 69Th Ln, Middle Village, NY 11379
      View Details
    • $579,000
      Pending

      Two-Family Brick Home with Backyard

      Two-family brick home with backyard and basement in Middle Village.
      6766 79Th St, Middle Village, NY 11379
      View Details
    • $1,349,000
      Pending

      Updated Duplex in Middle Village

      Updated two-family residence with modern amenities and rental potential.
      61-34 76Th St, Middle Village, NY 11379
      View Details
    • $1,475,000

      Spacious Multi-Family Home in Middle Village

      Multi-family home with income potential in a desirable location.
      6536 Metropolitan Ave, Middle Village, NY 11379
      View Details
    • $1,198,000
      0.05 Acres

      Two-Family Home in Middle Village

      Two-family brick home in Middle Village with private yard.
      60-56 75Th St, Middle Village, NY 11379
      View Details
    • $1,277,000
      Pending

      Renovated Duplex in Middle Village

      Totally renovated duplex with modern amenities, near transportation and shopping.
      79-31 69Th Ave, Middle Village, NY 11379
      View Details
    • $948,000

      Middle Village Two-Family Home

      Two-family home with detached garage in Middle Village, Queens.
      65-02 80Th St, Middle Village, NY 11379
      View Details

    FAQs

    What type of property is this?
    Duplex - Well-maintained home on a double lot with expansion potential.
    Where is this duplex located?
    The property is located at 6161 62Nd Ave Middle Village, NY.
    What is the asking price?
    The asking price for this property is $1,298,000.
    What are key features of this property?
    This property features: - Rare double lot (4,229 sq ft, R4-1 zoning) offers significant potential for expansion, multi-generational living, or subdivision.; - Two apartments with sunlit living spaces, 10-foot ceilings, and four spacious bedrooms provide comfort and flexibility.; - Fully finished basement with separate entrance offers possibilities for a guest suite, recreation room, or home office.
    (646) 371-6141
    Request Owner's contact information
    6161 62Nd Ave Middle Village, NY 11379
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6161 62Nd Ave
    Middle Village, NY 11379
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6161 62Nd Ave Middle Village, NY 11379
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Gobinda Lama
    Gobinda Lama
    Real Estate License ID: 10311207567
    (646) 371-6141
    Learn more
    Google sign-in failed. Please try again or use another login method.