Two-Family Duplex with
For Sale
$1,849,000
63-47 74th Street, Middle Village, NY 11379
Residential, Middle Village, NY
Property Size2,142 SF
Lot Size0.09 Acres
Price / SF$863.21
Days on Market27
Property Features for 63-47 74th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3X
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 2
Interior features
Dishwasher, Refrigerator, Stove
Basement
Full, Finished
Subdivision
Middle Village
Standard status
Active
Size
2,142 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
9110
Building Details
Year built
1955
Number of units
2
Building materials
Brick
Roof type
Shingle
Listing Agency:
Exit All Seasons Realty
(718) 345-4545
Listed By:
Jaroslaw Kaszuba
(917) 903-3103
Added: Aug 15
Changed: Sep 5
Last Checked: Sep 10 at 1:06PM
MLS# 503835
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,142-square-foot brick two-family home, built in 1955, provides two residential units with distinct outdoor features. The upper apartment includes two bedrooms and a balcony, while the lower residence offers two bedrooms, two walk-in closets, and access to a rear porch. Interior improvements include oversized windows, hardwood flooring, a modern kitchen, and updated bathrooms, with a dishwasher, refrigerator, and stove included. The property is situated on a 38' x 100' lot with a private backyard and carries R3X zoning.
The home is located at 63-47 74th Street in Middle Village, Queens, near Juniper Valley Park. The park offers access to tennis, baseball, shuffleboard, and bocce facilities, along with open green space and recreational surroundings.
The home is located at 63-47 74th Street in Middle Village, Queens, near Juniper Valley Park. The park offers access to tennis, baseball, shuffleboard, and bocce facilities, along with open green space and recreational surroundings.
Key Highlights
- Two‑family home with 2,142 square feet of building area
- Upper unit has two bedrooms and a balcony
- Lower unit includes two bedrooms, two walk‑in closets, and a rear porch
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,360
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,047,200
$1.0M
Cap Rate 7%
$748,000
$748.0K
Cap Rate 9%
$581,778
$581.8K
Market Conditions
NOI Build-Up for 2,142 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$99.0K $46.20/SF
− Vacancy
−$3.8K −$1.76/SF
EGI
$95.2K $44.44/SF
− OpEx
−$42.8K −$20.00/SF
NOI
$52.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,047,200
Cap Rate 7%
$748,000
Cap Rate 9%
$581,778
Alternative Uses
Best Use
Apartment 5plus
$748.0K
$654.5K – $872.7K
NOI $52,360 @ 7.0% cap · market cap 2.83%
Second Best
Multifamily LT 5
$506.5K
$443.2K – $590.9K
NOI $35,454 @ 7.0% cap · market cap 1.92%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,537 @ 7.0% cap · market cap 5.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,302
Businesses Nearby
Explore this area
Business Placement
Demographics for 11379, NY
37,906
Population
15,237
Households
2.5
Avg Household Size
44
Median Age
35%
College-Educated
84%
High-School Grad
2.2 sq mi
ZIP Area
17,230
Density / Sq Mi
$92,509
Median Household Income
$54,109
Median Earnings
$1,989
Median Rent
$886,600
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
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Frequently Asked Questions
What type of property is this?
Duplex - Brick two-unit property with upgraded interiors, outdoor spaces, and a private backyard.
Where is this duplex located?
The property is located at 63-47 74th Street Middle Village, NY.
What is the asking price?
The asking price for this property is $1,849,000.
What are key features of this property?
This property features: Two‑family home with 2,142 square feet of building area; Upper unit has two bedrooms and a balcony; Lower unit includes two bedrooms, two walk‑in closets, and a rear porch
