Two-Family Brick Home with
For Sale
$1,150,000
108-16 63rd Avenue, Forest Hills, NY 11375
Semi-attached brick two-family home with a built-in garage and a 2-bedroom unit offering direct backyard access.
Property Size1,818 SF
Days on Market163
Property Features for 108-16 63rd Avenue
General Information
Standard status
Active
Size
1,818 SF
Property subtype
Multi Family
Building Details
Building Size
1,818 SF
Listing Agency:
Kmax Realty Inc
Listed By:
Siu Wai Raymond Cheung
(929) 456-3987
Source:
Serhant
Added: May 13
Changed: Oct 21
Last Checked: Oct 21 at 5:31AM
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 Kmax Realty Inc
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Investment Insights
Based on property information with market context.
Lovely semi-attached two-family brick home with a built-in garage. The property includes a highly desirable 2-bedroom apartment with direct backyard access. The upper level features two generously sized bedrooms, a spacious living room, a dining area, and a kitchen. The roof was newly redone in 2024.
Set on a quiet, tree-lined street, the home is described as conveniently located near transportation, schools, restaurants, and a nearby tennis center. It also appears to be well-positioned for access to Flushing Meadows Park, retail stores, and major roadways including the Long Island Expressway and Grand Central Parkway.
Bus lines Q23, Q36, and Q88 are noted nearby, along with PS 220 Elementary School, plus junior high schools, high schools, and both public and private schools within a short distance.
Set on a quiet, tree-lined street, the home is described as conveniently located near transportation, schools, restaurants, and a nearby tennis center. It also appears to be well-positioned for access to Flushing Meadows Park, retail stores, and major roadways including the Long Island Expressway and Grand Central Parkway.
Bus lines Q23, Q36, and Q88 are noted nearby, along with PS 220 Elementary School, plus junior high schools, high schools, and both public and private schools within a short distance.
Key Highlights
- Semi‑attached brick two‑family home with a built‑in garage
- 2‑bedroom apartment with direct backyard access
- Upper level includes 2 bedrooms, spacious living room, dining area, and kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,440
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$888,800
$888.8K
Cap Rate 7%
$634,857
$634.9K
Cap Rate 9%
$493,778
$493.8K
Market Conditions
NOI Build-Up for 1,818 SF
Gross rent
$84.0K $46.20/SF
− Vacancy
−$3.2K −$1.76/SF
EGI
$80.8K $44.44/SF
− OpEx
−$36.4K −$20.00/SF
NOI
$44.4K $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 Rate 5%
$888,800
Cap Rate 7%
$634,857
Cap Rate 9%
$493,778
Alternative Uses
Best Use
Apartment 5plus
$634.9K
$555.5K – $740.7K
NOI $44,440 @ 7.0% cap · market cap 3.86%
Second Best
Multifamily LT 5
$429.9K
$376.1K – $501.5K
NOI $30,091 @ 7.0% cap · market cap 2.62%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,818 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,697
Businesses Nearby
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Semi-attached brick two-family home with a built-in garage and a 2-bedroom unit offering direct backyard access.
Where is this duplex located?
The property is located at 108-16 63rd Avenue Forest Hills, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Semi‑attached brick two‑family home with a built‑in garage; 2‑bedroom apartment with direct backyard access; Upper level includes 2 bedrooms, spacious living room, dining area, and kitchen
