Duplex with Outdoor
New
For Sale
$899,000
63-22 71st Street, Middle Village, NY 11379
Residential Income, Middle Village, NY
Property Size1,672 SF
Lot Size0.05 Acres
Price / SF$537.68
Days on Market1
Property Features for 63-22 71st Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 2
Patio and Porch features
Patio, Deck
Subdivision
Middle Village
Standard status
Active
Size
1,672 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
9340
Utilities
Heating system
Natural Gas
Amenities
backyard patio
storage shed
outdoor terrace
shared laundry room
Building Details
Year built
1950
Floors in Building
2
Listing Agency:
JZ REAL ESTATE PARTNERS LLC
Listed By:
Jennifer Zajfe
(646) 397-1162
Added: Oct 8
Last Checked: Oct 8 at 10:06PM
MLS# 12019499
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,672-square-foot duplex, built in 1950, contains two renovated apartments. Each residence has two bedrooms and one bathroom. The first-floor apartment opens to a backyard patio with a storage shed, while the upper apartment connects to an outdoor terrace. A shared laundry room is located on the first floor, and the property includes two outdoor parking spaces.
The property sits in Middle Village, near Juniper Valley Park. Its 0.0473-acre lot accommodates the building and outdoor areas.
The property sits in Middle Village, near Juniper Valley Park. Its 0.0473-acre lot accommodates the building and outdoor areas.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- 1,672 square feet on a 0.0473‑acre lot
- Both apartments have been renovated
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
1,084
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
Check the figures for this property
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 residences share a first-floor laundry room and have separate private outdoor spaces.
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 apartments, each with 2 bedrooms and 1 bathroom; 1,672 square feet on a 0.0473‑acre lot; Both apartments have been renovated
