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    The Largest CRE Database in the US with Over 1 Million Listings

    7521 Caldwell Ave Middle Village, NY 11379

    Sponsored
    For Sale
    Pending
    $1,800,000

    MULTI_FAMILY - Middle Village, NY

    Lot size:
    0.09 Acres
    Days on Market:
    85
    Last Refresh:
    Feb 3 at 5:06 am

    Property Features for 7521 Caldwell Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Bedroom 6, Bedroom 1, Bedroom 4, Bathroom 1, Bathroom 4, Bedroom 3, Bathroom 3, Bathroom 2, Basement, Bedroom 2, Bathroom 5, Bedroom 7, Bedroom 5
    Bedrooms
    7
    Bathrooms
    5
    APN
    02822-0046
    Parking
    5
    Parking features
    Driveway, Garage
    Interior features
    Ceiling Fan(s), Eat-in Kitchen, High Ceilings, Kitchen Island, Open Floorplan, Recessed Lighting, Storage
    Basement
    Finished, Full
    Lot size
    0.09 Acres

    Utilities

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

    Building Details

    Year built
    1975
    Number of units
    3
    Flooring type
    Hardwood, Carpet, Combination
    Building materials
    Brick
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Theo F. Eastwind

    Capri Jet Realty Corp. (347) 450-3577

    Listing agent Theo F. Eastwind

    Listing date Nov 11, 2025

    MLS# 917972 Listing URL

    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

    Renovated Middle Village Three-Family Home

    This renovated brick three-family home is located on a corner lot in Middle Village. The property includes a built-in garage and a driveway, situated on a 3,268 square foot lot. The building dimensions are 20 x 55 feet, while the lot measures 40 x 101 feet with an irregular shape. The zoning is R4, with a FAR of 0.95 and a maximum FAR of 1. The property is located on a tree-lined street, near Juniper Valley Park, dining, and shopping on Metropolitan Avenue and Fresh Pond Road, and local bus stops. The property is adjacent to Juniper Garden, a community garden, and has a private entrance. The first floor features a one-bedroom, one-bathroom unit with a living room, dining area, and kitchen. The second floor includes a three-bedroom, two-full-bathroom unit with a living room, dining area, kitchen, and private balcony. The third floor offers a three-bedroom, one-and-a-half-bathroom unit with a living room, dining area, kitchen with a washer and dryer, and a private balcony. The lower level has a kitchenette, one full bathroom, a living area, recessed lighting, and a separate entrance. Additional features include a built-in garage of approximately 200 square feet and a private driveway for up to four cars. The corner location provides abundant natural light to the apartments. At least one unit will be delivered vacant, offering an owner-occupancy option. The annual taxes are $14,452.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    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
    -73.885434
    Latitude
    40.724936

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    FAQs

    What type of property is this?
    Apartment building - Corner brick three-family home with garage, renovated, near Juniper Valley Park.
    Where is this apartment building located?
    The property is located at 7521 Caldwell Ave Middle Village, NY.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: - Fully renovated 3-family brick property with a built-in garage and private driveway for up to 4 cars.; - Prime location in Middle Village, only 2 blocks from Juniper Valley Park, close to Metropolitan Ave & Fresh Pond Rd dining and shopping, and near local bus stops.; - Unique feature: Adjacent to Juniper Garden (community garden) with a private entrance.
    (718) 388-2188
    Request Owner's contact information
    7521 Caldwell Ave Middle Village, NY 11379
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    Middle Village, NY 11379
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    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
    7521 Caldwell Ave Middle Village, NY 11379
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    We can help!
    Listing Contact
    Theo F. Eastwind
    (718) 388-2188
    Learn more
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