Two-Unit Duplex with Private
For Sale
$1,498,000
Pending
10201 62nd Road, Forest Hills, NY 11375
Separate kitchens serve two residences, including one arranged over two levels.
Property Size2,410 SF
Lot Size0.05 Acres
Days on Market9
Property Features for 10201 62nd Road
General Information
Standard status
Pending
Size
2,410 SF
Total Parking Spaces
1
Lot size
0.05 Acres
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$9,168
Amenities
Hardwood
3
Yes
No
5
First Floor Bedroom,Chefs Kitchen,Eat-in Kitchen,Formal Dining,High Ceilings,Open Floorplan
Other
4
Off Street, Private
2410
Building Details
Building Size
2,410 SF
Year Built
1935
Buildings
1
Construction
brick
Listing Agency:
Exit Realty First Choice
(516) 703-2918
Listed By:
John Taylor
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 3:16PM
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 Exit Realty First Choice
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Investment Insights
Based on property information with market context.
This legal two-family duplex contains 2,410 square feet, with five bedrooms and three bathrooms across its two residences. The larger unit spans two levels and includes three bedrooms, a living room, formal dining area, and kitchen; the second has two bedrooms, a living room, and its own kitchen. Both kitchens feature stainless steel appliances, and the property was renovated in 2004. The 2,000-square-foot lot measures 20 by 100 feet and includes private off-street parking.
The property is at 10201 62nd Road in Forest Hills, Queens, near shops, restaurants, parks, and schools. Subway and express bus service, along with major highways, provide connections toward Manhattan and other destinations.
The property is at 10201 62nd Road in Forest Hills, Queens, near shops, restaurants, parks, and schools. Subway and express bus service, along with major highways, provide connections toward Manhattan and other destinations.
Key Highlights
- Legal two‑family property with two separate residences
- 2,410 square feet with five bedrooms and three bathrooms
- Larger residence spans two levels and has three bedrooms; second unit has two bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,911
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,178,220
$1.2M
Cap Rate 7%
$841,586
$841.6K
Cap Rate 9%
$654,567
$654.6K
Market Conditions
NOI Build-Up for 2,410 SF
Gross rent
$111.3K $46.20/SF
− Vacancy
−$4.2K −$1.76/SF
EGI
$107.1K $44.44/SF
− OpEx
−$48.2K −$20.00/SF
NOI
$58.9K $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%
$1,178,220
Cap Rate 7%
$841,586
Cap Rate 9%
$654,567
Alternative Uses
Best Use
Apartment 5plus
$841.6K
$736.4K – $981.9K
NOI $58,911 @ 7.0% cap · market cap 3.93%
Second Best
Multifamily LT 5
$569.8K
$498.6K – $664.8K
NOI $39,889 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$1.78M
$1.55M – $2.07M
NOI $124,368 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,485
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate kitchens serve two residences, including one arranged over two levels.
Where is this duplex located?
The property is located at 10201 62nd Road Forest Hills, NY.
What is the asking price?
The asking price for this property is $1,498,000.
What are key features of this property?
This property features: Legal two‑family property with two separate residences; 2,410 square feet with five bedrooms and three bathrooms; Larger residence spans two levels and has three bedrooms; second unit has two bedrooms
