Quadplex with Finished
6217 62nd Road, Middle Village, NY 11379
For Sale
$1,299,000
The occupied apartments include a private backyard, with residents covering their own electric and cooking gas.
Property Size2,325 SF
Price / SF$558.71
Days on Market17
Property Features for 6217 62nd Road
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
private backyard
High Ceilings
Building Details
Building Size
Year Built
Units
Listing Agency:
Exit All Seasons Realty
Listed By:
Jaroslaw Kaszuba
(917) 903-3103
Source:
Georgemcknight
Added: Oct 23
Changed: Nov 7
Last Checked: Nov 7 at 2:05PM
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 Exit All Seasons Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,325-square-foot quadplex in Middle Village contains two one-bedroom apartments, a studio, and a two-bedroom apartment. A finished basement and private backyard are also part of the property. Built in 1930, the building is being offered in as-is condition.
All four apartments are occupied. Residents pay their own electric and cooking gas, and the units have no leases in place.
All four apartments are occupied. Residents pay their own electric and cooking gas, and the units have no leases in place.
Key Highlights
- Four apartments: two one‑bedroom units, one studio, and one two‑bedroom unit
- 2,325‑square‑foot building constructed in 1930
- Finished basement and private backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,833
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,136,660
$1.1M
Cap Rate 7%
$811,900
$811.9K
Cap Rate 9%
$631,478
$631.5K
Market Conditions
NOI Build-Up for 2,325 SF
Gross rent
$107.4K $46.20/SF
− Vacancy
−$4.1K −$1.76/SF
EGI
$103.3K $44.44/SF
− OpEx
−$46.5K −$20.00/SF
NOI
$56.8K $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%
$1,136,660
Cap Rate 7%
$811,900
Cap Rate 9%
$631,478
Alternative Uses
Best Use
Apartment 5plus
$811.9K
$710.4K – $947.2K
NOI $56,833 @ 7.0% cap · market cap 4.38%
Second Best
Multifamily LT 5
$549.7K
$481.0K – $641.4K
NOI $38,482 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,981 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,913
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
$886,600
Median Home Value
Market
Average Price Trend$/SF for Quadplexes in Queens County, NY
Properties on Market for Quadplexes in Queens County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - The occupied apartments include a private backyard, with residents covering their own electric and cooking gas.
Where is this quadplex located?
The property is located at 6217 62nd Road Middle Village, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Four apartments: two one‑bedroom units, one studio, and one two‑bedroom unit; 2,325‑square‑foot building constructed in 1930; Finished basement and private backyard
