Two-Family Home with Finished
New
For Sale
$1,380,000
Pending
6022 83rd Place, Middle Village, NY 11379
Two apartments offer distinct bedroom and bathroom layouts, with a private backyard and separate basement entry.
Property Size2,136 SF
Lot Size0.05 Acres
Days on Market2
Property Features for 6022 83rd Place
General Information
Standard status
Pending
Size
2,136 SF
Lot size
0.05 Acres
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,063
Amenities
Finished
3
Yes
5
Tile Counters
Other
No
Off Street
2136
Building Details
Building Size
2,136 SF
Year Built
1998
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Winzone Realty Inc
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 31
Last Checked: Oct 31 at 2:19PM
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 Winzone Realty Inc
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Investment Insights
Based on property information with market context.
This brick two-family home, built in 1998, contains two apartments: a first-floor unit with 2 bedrooms and 1 full bathroom, and an upper-floor unit with 3 bedrooms and 2 full bathrooms. The finished basement has a separate entrance at the rear, which opens toward the private backyard. The building measures approximately 21 ft. × 52 ft. on a 21 ft. × 100 ft. lot, with a stated property size of 2,136 square feet.
The Middle Village property is near shopping, dining, parks, schools, and supermarkets. Queens Center Mall, Costco Wholesale, Target, and local restaurants and retail are among the nearby destinations. Bus service includes the Q29, Q38, Q47, Q54, Q67, and Q72; the M and R subway lines are accessible at Woodhaven Boulevard and 63 Drive–Rego Park stations.
The Middle Village property is near shopping, dining, parks, schools, and supermarkets. Queens Center Mall, Costco Wholesale, Target, and local restaurants and retail are among the nearby destinations. Bus service includes the Q29, Q38, Q47, Q54, Q67, and Q72; the M and R subway lines are accessible at Woodhaven Boulevard and 63 Drive–Rego Park stations.
Key Highlights
- Two residential apartments: 2 bedrooms and 1 full bathroom on the first floor; 3 bedrooms and 2 full bathrooms upstairs
- Finished basement with a separate rear entrance
- Private backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,213
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,044,260
$1.0M
Cap Rate 7%
$745,900
$745.9K
Cap Rate 9%
$580,144
$580.1K
Market Conditions
NOI Build-Up for 2,136 SF
Gross rent
$98.7K $46.20/SF
− Vacancy
−$3.7K −$1.76/SF
EGI
$94.9K $44.44/SF
− OpEx
−$42.7K −$20.00/SF
NOI
$52.2K $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%
$1,044,260
Cap Rate 7%
$745,900
Cap Rate 9%
$580,144
Alternative Uses
Best Use
Apartment 5plus
$745.9K
$652.7K – $870.2K
NOI $52,213 @ 7.0% cap · market cap 3.78%
Second Best
Multifamily LT 5
$505.1K
$441.9K – $589.2K
NOI $35,354 @ 7.0% cap · market cap 2.56%
Theoretical Best
Office A
$1.57M
$1.38M – $1.84M
NOI $110,228 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,407
Businesses Nearby
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Business Placement
Demographics for 11379, NY
37,906
Population
15,237
Households
2.5
Avg Household Size
44
Median Age
35%
College-Educated
84%
High-School Grad
2.2 sq mi
ZIP Area
17,230
Density / Sq Mi
$92,509
Median Household Income
$54,109
Median Earnings
$1,989
Median Rent
$886,600
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 - Two apartments offer distinct bedroom and bathroom layouts, with a private backyard and separate basement entry.
Where is this duplex located?
The property is located at 6022 83rd Place Middle Village, NY.
What is the asking price?
The asking price for this property is $1,380,000.
What are key features of this property?
This property features: Two residential apartments: 2 bedrooms and 1 full bathroom on the first floor; 3 bedrooms and 2 full bathrooms upstairs; Finished basement with a separate rear entrance; Private backyard
