Three-Unit Residential
6047 74th Street, Middle Village, NY 11379
For Sale
$1,010,300
A full basement adds storage and utility space to the multi-unit residence.
Property Size2,593 SF
Lot Size0.05 Acres
Price / SF$389.63
Days on Market18
Property Features for 6047 74th Street
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Utilities to Site
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
individual air-conditioning units
full basement
driveway parking
Building Details
Building Size
Year Built
Units
Listing Agency:
REALHome Services & Solutions
Listed By:
Christopher A. Rose · License #10311208824
(678) 201-0475
Source:
Georgemcknight
Added: Oct 23
Changed: Nov 7
Last Checked: Nov 8 at 8:34PM
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 REALHome Services & Solutions
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Investment Insights
Based on property information with market context.
This three-family residence contains 2,593 square feet of living area, with 6 bedrooms and 3 full bathrooms. A full basement provides additional storage and utility space. The property has public water and sewer, gas-fired hot-water baseboard heat, individual air-conditioning units, and driveway parking. It was built in 1960 and occupies an approximately 2,300-square-foot lot.
In Middle Village, Queens, the property is in a primarily residential area with commercial amenities nearby. Transportation options, shopping, dining, parks, recreation, and neighborhood services are available in the surrounding area.
In Middle Village, Queens, the property is in a primarily residential area with commercial amenities nearby. Transportation options, shopping, dining, parks, recreation, and neighborhood services are available in the surrounding area.
Key Highlights
- 2,593 square feet of living space with 6 bedrooms and 3 full bathrooms
- Full basement for storage and utility space
- Approximately 2,300‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,075
Cap Rate
6.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,281,500
$1.3M
Cap Rate 7%
$915,357
$915.4K
Cap Rate 9%
$711,944
$711.9K
Market Conditions
NOI Build-Up for 2,593 SF
Gross rent
$99.6K $38.40/SF
− Vacancy
−$8.0K −$3.10/SF
EGI
$91.5K $35.30/SF
− OpEx
−$27.5K −$10.59/SF
NOI
$64.1K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,281,500
Cap Rate 7%
$915,357
Cap Rate 9%
$711,944
Alternative Uses
Best Use
Multifamily LT 5
$915.4K
$800.9K – $1.07M
NOI $64,075 @ 7.0% cap · market cap 6.34%
Second Best
Apartment 5plus
$905.5K
$792.3K – $1.06M
NOI $63,384 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,811 @ 7.0% cap · market cap 13.24%
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
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Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,321
Businesses Nearby
Explore this area
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
$886,600
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Queens County, NY
Properties on Market for Triplexes in Queens County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - A full basement adds storage and utility space to the multi-unit residence.
Where is this triplex located?
The property is located at 6047 74th Street Middle Village, NY.
What is the asking price?
The asking price for this property is $1,010,300.
What are key features of this property?
This property features: 2,593 square feet of living space with 6 bedrooms and 3 full bathrooms; Full basement for storage and utility space; Approximately 2,300‑square‑foot lot
