Renovated Two-Family
New
For Sale
$1,290,000
Pending
6207 Alderton Street, Rego Park, NY 11374
Separate building systems, a finished lower level, and private outdoor space support the home's two-unit configuration.
Property Size1,520 SF
Days on Market4
Property Features for 6207 Alderton Street
General Information
Standard status
Pending
Size
1,520 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$12,048
Amenities
Finished,Walk-Out Access
Hardwood,Tile
3
No
Yes
4
First Floor Bedroom,First Floor Full Bath,Eat-in Kitchen,Entrance Foyer,Open Kitchen
Finished, Walk-Out Access
Public
2
Private
Balcony,Garden,Other
1520
Building Details
Building Size
1,520 SF
Year Built
1945
Listing Agency:
(516) 703-2918
Listed By:
Hassan Mahmood
Source:
Hedgestonehomes
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 4:14PM
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 Hassan Mahmood
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Investment Insights
Based on property information with market context.
This legal two-family home has two-bedroom, one-bathroom layouts on both the first and second floors. A finished basement with a full bathroom and separate front and rear entrances adds usable space. Renovations were completed in 2021, and the property measures 1,520 square feet. The 20-by-146.63-foot lot includes a deep backyard, a private garage, and two additional parking spaces.
The building has three electric meters, two gas meters, two hot water heaters, and two boilers. It is approximately a 10-minute walk from the M and R subway lines and Queens Center Mall, with Costco and Trader Joe’s a short drive away. Shops, supermarkets, and dining are also nearby.
The building has three electric meters, two gas meters, two hot water heaters, and two boilers. It is approximately a 10-minute walk from the M and R subway lines and Queens Center Mall, with Costco and Trader Joe’s a short drive away. Shops, supermarkets, and dining are also nearby.
Key Highlights
- Legal two‑family home with two bedrooms and one full bath on each of the first and second floors
- Finished basement with full bathroom and separate front and rear entrances
- Renovated in 2021; 1,520 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,156
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$743,120
$743.1K
Cap Rate 7%
$530,800
$530.8K
Cap Rate 9%
$412,844
$412.8K
Market Conditions
NOI Build-Up for 1,520 SF
Gross rent
$70.2K $46.20/SF
− Vacancy
−$2.7K −$1.76/SF
EGI
$67.6K $44.44/SF
− OpEx
−$30.4K −$20.00/SF
NOI
$37.2K $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%
$743,120
Cap Rate 7%
$530,800
Cap Rate 9%
$412,844
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.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
3,949
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate building systems, a finished lower level, and private outdoor space support the home's two-unit configuration.
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: Legal two‑family home with two bedrooms and one full bath on each of the first and second floors; Finished basement with full bathroom and separate front and rear entrances; Renovated in 2021; 1,520 square feet
