Brick Two-Family Residence with
For Sale
$1,318,000
63-163A Alderton Street, Rego Park, NY 11374
Brick two-family home in Rego Park with private driveway and finished basement for added flexibility.
Days on Market60
Property Features for 63-163A Alderton Street
General Information
Standard status
Active
Property subtype
Duplex
Building Details
Building Size
2,972 SF
Year Built
1945
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
Mitra Hakimi Realty Group LLC
(718) 268-5588
Listed By:
Etan Hakimi
Source:
Serhant
Added: Jun 3
Changed: Jul 31
Last Checked: Aug 1 at 10:55AM
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 Mitra Hakimi Realty Group LLC
Investment Insights
Based on property information with market context.
63-163A Alderton Street is a brick two-family residence in the heart of Rego Park, offering a flexible setup for owner-occupants or investors. The first-floor unit features two bedrooms and one full bathroom. The second-floor unit offers three bedrooms and one full bathroom.
A finished basement adds additional utility, including one full bathroom and one half bathroom, creating space that can support recreation, a workspace, or additional living needs.
The property was built in 1945. Residents benefit from nearby transit options, with the M and R subway lines accessible at the nearby New York City subway station, and bus service including Q38, Q60, Q59, QM10, QM11, and QM40 along Queens Boulevard and Woodhaven Boulevard. The Long Island Rail Road at Forest Hills is also nearby, with service to Penn Station and Grand Central Madison, and there is easy access to Rego Center, parks, and the dining, shopping, and entertainment in Rego Park and Forest Hills.
A finished basement adds additional utility, including one full bathroom and one half bathroom, creating space that can support recreation, a workspace, or additional living needs.
The property was built in 1945. Residents benefit from nearby transit options, with the M and R subway lines accessible at the nearby New York City subway station, and bus service including Q38, Q60, Q59, QM10, QM11, and QM40 along Queens Boulevard and Woodhaven Boulevard. The Long Island Rail Road at Forest Hills is also nearby, with service to Penn Station and Grand Central Madison, and there is easy access to Rego Center, parks, and the dining, shopping, and entertainment in Rego Park and Forest Hills.
Key Highlights
- Brick two‑family residence in Rego Park
- First‑floor unit: two bedrooms and one full bathroom
- Second‑floor unit: three bedrooms and one full bathroom
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 | $137.3k | $46.20 |
| − Vacancy | −$5.2k | −$1.76 |
| EGI | $132.1k | $44.44 |
| − OpEx | −$59.4k | −$20.00 |
| NOI | $72.6k | $24.44 |
2,972 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.04M
$908.1K – $1.21M
NOI $72,649 @ 7.0% cap · market cap 5.51%
Second Best
Multifamily LT 5
$702.7K
$614.9K – $819.9K
NOI $49,191 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$2.19M
$1.92M – $2.56M
NOI $153,369 @ 7.0% cap · market cap 11.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,233
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 - Brick two-family home in Rego Park with private driveway and finished basement for added flexibility.
Where is this duplex located?
The property is located at 63-163A Alderton Street Rego Park, NY.
What is the asking price?
The asking price for this property is $1,318,000.
What are key features of this property?
This property features: Brick two‑family residence in Rego Park; First‑floor unit: two bedrooms and one full bathroom; Second‑floor unit: three bedrooms and one full bathroom
