Two-Family Duplex
New
For Sale
$1,250,000
108-52 63rd Road, Forest Hills, NY 11375
A two-family residence offers an established residential income configuration near public transportation and everyday services.
Property Size1,730 SF
Price / SF$722.54
Days on Market3
Property Features for 108-52 63rd Road
General Information
Standard status
Active
Size
1,730 SF
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,410
Amenities
First Floor Bedroom
First Floor Full Bath
Eat-in Kitchen
Formal Dining
Mailbox
Other
Private Roof
Building Details
Building Size
1,730 SF
Year Built
1945
Units
2
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Zhaohua Zhang
(917) 881-8518
Source:
Georgemcknight
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 27 at 3:53AM
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 Douglas Elliman Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex property contains 1,730 square feet and was built in 1945. Its two-family configuration provides separate residential living spaces within one property.
The property is in Forest Hills, near a supermarket, a school, bus service, and train service.
The property is in Forest Hills, near a supermarket, a school, bus service, and train service.
Key Highlights
- Two‑family residential property
- 1,730 square feet of building area
- Built in 1945
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,289
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$845,780
$845.8K
Cap Rate 7%
$604,129
$604.1K
Cap Rate 9%
$469,878
$469.9K
Market Conditions
NOI Build-Up for 1,730 SF
Gross rent
$79.9K $46.20/SF
− Vacancy
−$3.0K −$1.76/SF
EGI
$76.9K $44.44/SF
− OpEx
−$34.6K −$20.00/SF
NOI
$42.3K $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%
$845,780
Cap Rate 7%
$604,129
Cap Rate 9%
$469,878
Alternative Uses
Best Use
Apartment 5plus
$604.1K
$528.6K – $704.8K
NOI $42,289 @ 7.0% cap · market cap 3.38%
Second Best
Multifamily LT 5
$409.1K
$357.9K – $477.2K
NOI $28,634 @ 7.0% cap · market cap 2.29%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,276 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,014
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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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 - A two-family residence offers an established residential income configuration near public transportation and everyday services.
Where is this duplex located?
The property is located at 108-52 63rd Road Forest Hills, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Two‑family residential property; 1,730 square feet of building area; Built in 1945
