Two-Family Duplex with Outdoor
New
For Sale
$899,000
63-22 71st Street, Middle Village, NY 11379
Two renovated two-bedroom apartments share a first-floor laundry room and each have private outdoor space.
Property Size1,672 SF
Days on Market4
Property Features for 63-22 71st Street
General Information
Standard status
Active
Size
1,672 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,340
Amenities
shared laundry room
backyard patio with storage shed
outdoor terrace
Building Details
Building Size
1,672 SF
Year Built
1950
Buildings
1
Listing Agency:
JZ Real Estate Partners LLC
Listed By:
Jennifer Zajfe
(646) 397-1162
Source:
Barbieliteam
Added: Oct 8
Changed: Oct 10
Last Checked: Oct 9 at 7:44PM
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 JZ Real Estate Partners LLC
Investment Insights
Based on property information with market context.
This two-family duplex, built in 1950, contains two two-bedroom, one-bathroom apartments. Both units have been renovated. The first-floor apartment connects to a backyard patio and storage shed, while the second-floor apartment opens onto an outdoor terrace. A shared laundry room is located on the first floor.
The property includes two outdoor parking spaces and is in Middle Village, close to Juniper Valley Park.
The property includes two outdoor parking spaces and is in Middle Village, close to Juniper Valley Park.
Key Highlights
- Two renovated apartments, each with two bedrooms and one bathroom
- Two outdoor parking spaces
- First‑floor apartment has access to a backyard patio and storage shed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,871
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$817,420
$817.4K
Cap Rate 7%
$583,871
$583.9K
Cap Rate 9%
$454,122
$454.1K
Market Conditions
NOI Build-Up for 1,672 SF
Gross rent
$77.2K $46.20/SF
− Vacancy
−$2.9K −$1.76/SF
EGI
$74.3K $44.44/SF
− OpEx
−$33.4K −$20.00/SF
NOI
$40.9K $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%
$817,420
Cap Rate 7%
$583,871
Cap Rate 9%
$454,122
Alternative Uses
Best Use
Apartment 5plus
$583.9K
$510.9K – $681.2K
NOI $40,871 @ 7.0% cap · market cap 4.55%
Second Best
Multifamily LT 5
$395.3K
$345.9K – $461.2K
NOI $27,674 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,283 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,406
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two renovated two-bedroom apartments share a first-floor laundry room and each have private outdoor space.
Where is this duplex located?
The property is located at 63-22 71st Street Middle Village, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two renovated apartments, each with two bedrooms and one bathroom; Two outdoor parking spaces; First‑floor apartment has access to a backyard patio and storage shed
