Duplex with Finished Lower
For Sale
$1,395,000
Pending
6037 Wetherole Street, Rego Park, NY 11373
A private driveway and updated kitchens complement the home's two-family configuration.
Property Size1,751 SF
Days on Market9
Property Features for 6037 Wetherole Street
General Information
Standard status
Pending
Size
1,751 SF
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,715
Amenities
Finished
4
Yes
First Floor Bedroom,First Floor Full Bath,Open Floorplan,Open Kitchen,Stone Counters,Washer/Dryer Hookup
Public
No
Driveway
1751
Building Details
Building Size
1,751 SF
Year Built
1925
Listing Agency:
Century Homes Realty Group LLC
(516) 703-2918
Listed By:
Noman Basit
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 3:23PM
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 Century Homes Realty Group LLC
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Investment Insights
Based on property information with market context.
This 1,751-square-foot duplex, built in 1925, is arranged as a two-family home. Interior features include open-plan living areas, hardwood floors, recessed lighting, updated kitchens with stainless steel appliances and stone counters, and finished bathrooms. The lower level and top floor are finished, providing additional interior space. A private driveway serves the property.
Shopping, restaurants, schools, parks, public transportation, and major roadways are listed among the nearby amenities and connections.
Shopping, restaurants, schools, parks, public transportation, and major roadways are listed among the nearby amenities and connections.
Key Highlights
- 1,751‑square‑foot two‑family home
- Built in 1925
- Finished lower level and top floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,802
Cap Rate
3.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$856,040
$856.0K
Cap Rate 7%
$611,457
$611.5K
Cap Rate 9%
$475,578
$475.6K
Market Conditions
NOI Build-Up for 1,751 SF
Gross rent
$80.9K $46.20/SF
− Vacancy
−$3.1K −$1.76/SF
EGI
$77.8K $44.44/SF
− OpEx
−$35.0K −$20.00/SF
NOI
$42.8K $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%
$856,040
Cap Rate 7%
$611,457
Cap Rate 9%
$475,578
Alternative Uses
Best Use
Apartment 5plus
$611.5K
$535.0K – $713.4K
NOI $42,802 @ 7.0% cap · market cap 3.07%
Second Best
Multifamily LT 5
$414.0K
$362.3K – $483.0K
NOI $28,982 @ 7.0% cap · market cap 2.08%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,360 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5,070
Businesses Nearby
Explore this area
Business Placement
Demographics for 11373, NY
105,712
Population
34,797
Households
3
Avg Household Size
38
Median Age
30%
College-Educated
75%
High-School Grad
1.5 sq mi
ZIP Area
70,475
Density / Sq Mi
$71,470
Median Household Income
$36,043
Median Earnings
$1,913
Median Rent
$683,200
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 - A private driveway and updated kitchens complement the home's two-family configuration.
Where is this duplex located?
The property is located at 6037 Wetherole Street Rego Park, NY.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: 1,751‑square‑foot two‑family home; Built in 1925; Finished lower level and top floor
