Renovated Duplex with Private
For Sale
$1,290,000
6207 Alderton Street, Rego Park, NY 11374
Legal two-family home with finished basement, separate entrances, and dedicated parking.
Property Size1,520 SF
Lot Size0.07 Acres
Price / SF$848.68
Days on Market103
Property Features for 6207 Alderton Street
General Information
Standard status
Active
Size
1,520 SF
Total Parking Spaces
3
Lot size
0.07 Acres
Property subtype
Duplex
Additional Details
Utilities to Site
Yes
Building Details
Building Size
1,520 SF
Year Built
1945
Year Renovated
2021
Buildings
1
Tenancy
Multi
Listing Agency:
Royalux Realty LLC
(347) 536-0888
Listed By:
Wenrou Chen
Source:
Cbwarburg
Added: Apr 21
Changed: Jul 31
Last Checked: Jul 31 at 2:25PM
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 Royalux Realty LLC
Investment Insights
Based on property information with market context.
Renovated in 2021, this legal two-family home offers 1,520 square feet across two residential floors and a finished basement. Each of the first and second floors includes 2 bedrooms and 1 full bath, while the basement adds a full bathroom along with separate front and rear entrances. Newly installed windows provide sound insulation.
The property sits on an oversized 20 x 146.63 lot with a deep backyard, private garage, and 2 additional parking spaces. Building infrastructure includes 3 electric meters, 2 gas meters, 2 hot water heaters, and 2 boilers. The 1945-built property is approximately a 10-minute walk from the M/R subway lines and Queens Center Mall, with Costco, Trader Joe's, shops, supermarkets, and dining a short drive or nearby.
The property sits on an oversized 20 x 146.63 lot with a deep backyard, private garage, and 2 additional parking spaces. Building infrastructure includes 3 electric meters, 2 gas meters, 2 hot water heaters, and 2 boilers. The 1945-built property is approximately a 10-minute walk from the M/R subway lines and Queens Center Mall, with Costco, Trader Joe's, shops, supermarkets, and dining a short drive or nearby.
Key Highlights
- Renovated legal two‑family home updated in 2021
- Each residential floor offers 2 bedrooms and 1 full bath
- Finished basement with full bathroom and separate front and rear entrances
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.2k | $46.20 |
| − Vacancy | −$2.7k | −$1.76 |
| EGI | $67.6k | $44.44 |
| − OpEx | −$30.4k | −$20.00 |
| NOI | $37.2k | $24.44 |
1,520 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$530.8K
$464.5K – $619.3K
NOI $37,156 @ 7.0% cap · market cap 2.88%
Second Best
Multifamily LT 5
$359.4K
$314.5K – $419.3K
NOI $25,158 @ 7.0% cap · market cap 1.95%
Theoretical Best
Office A
$1.12M
$980.5K – $1.31M
NOI $78,439 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,630
Businesses Nearby
Explore this area
Business Placement
Demographics for 11374, NY
47,129
Population
21,197
Households
2.2
Avg Household Size
43
Median Age
51%
College-Educated
90%
High-School Grad
0.9 sq mi
ZIP Area
52,366
Density / Sq Mi
$86,333
Median Household Income
$58,309
Median Earnings
$1,957
Median Rent
$484,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family home with finished basement, separate entrances, and dedicated parking.
Where is this duplex located?
The property is located at 6207 Alderton Street Rego Park, NY.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: Renovated legal two‑family home updated in 2021; Each residential floor offers 2 bedrooms and 1 full bath; Finished basement with full bathroom and separate front and rear entrances
