Brick Duplex with Finished
New
For Sale
$1,199,800
102-08 62nd Road, Forest Hills, NY 11375
The home is arranged across three levels and currently serves as a single-family residence.
Property Size1,890 SF
Price / SF$634.81
Days on Market6
Property Features for 102-08 62nd Road
General Information
Standard status
Active
Size
1,890 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,958
Amenities
hardwood floors
open layout
private backyard
front patio
rear patio
gas heating
multipe heating and cooling units
laundry area
storage
recreation/gym room
finished walkout basement
First Floor Bedroom
Eat-in Kitchen
Walk Through Kitchen
Building Details
Building Size
1,890 SF
Year Built
1940
Buildings
1
Stories
3
Units
2
Construction
brick
Listing Agency:
Skylux Realty Inc
Listed By:
Fei Guo · License #10401366341
(516) 587-9113
Source:
Georgemcknight
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 26 at 4:07AM
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 Skylux Realty Inc
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Investment Insights
Based on property information with market context.
This legal two-family brick home was built in 1940 and is currently configured as one residence. Its three levels include a main-floor living room, formal dining room, bedroom, powder room, and eat-in kitchen with backyard access. Three bedrooms and a full bathroom occupy the second floor. The finished walkout basement has a recreation or gym room, full bathroom, laundry area, and storage. Additional features include gas heating, multiple heating and cooling units, an attached one-car garage, private driveway, and front and rear patios.
The property is near M and R subway service, local and express buses, the Long Island Expressway, and the Grand Central Parkway. Austin Street, Rego Center, Costco, Trader Joe's, shopping, restaurants, parks, and schools are also nearby.
The property is near M and R subway service, local and express buses, the Long Island Expressway, and the Grand Central Parkway. Austin Street, Rego Center, Costco, Trader Joe's, shopping, restaurants, parks, and schools are also nearby.
Key Highlights
- Legal two‑family brick home, currently arranged as one residence
- Three levels, including a finished walkout basement
- Built in 1940
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,200
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$924,000
$924.0K
Cap Rate 7%
$660,000
$660.0K
Cap Rate 9%
$513,333
$513.3K
Market Conditions
NOI Build-Up for 1,890 SF
Gross rent
$87.3K $46.20/SF
− Vacancy
−$3.3K −$1.76/SF
EGI
$84.0K $44.44/SF
− OpEx
−$37.8K −$20.00/SF
NOI
$46.2K $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%
$924,000
Cap Rate 7%
$660,000
Cap Rate 9%
$513,333
Alternative Uses
Best Use
Apartment 5plus
$660.0K
$577.5K – $770.0K
NOI $46,200 @ 7.0% cap · market cap 3.85%
Second Best
Multifamily LT 5
$446.9K
$391.0K – $521.4K
NOI $31,283 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$1.39M
$1.22M – $1.63M
NOI $97,533 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,181
Businesses Nearby
Explore this area
Business Placement
Demographics for 11375, NY
72,851
Population
35,415
Households
2.1
Avg Household Size
43
Median Age
61%
College-Educated
93%
High-School Grad
2.4 sq mi
ZIP Area
30,355
Density / Sq Mi
$104,319
Median Household Income
$75,149
Median Earnings
$2,126
Median Rent
$572,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The home is arranged across three levels and currently serves as a single-family residence.
Where is this duplex located?
The property is located at 102-08 62nd Road Forest Hills, NY.
What is the asking price?
The asking price for this property is $1,199,800.
What are key features of this property?
This property features: Legal two‑family brick home, currently arranged as one residence; Three levels, including a finished walkout basement; Built in 1940
