Duplex with Private
63-23 71st Street, Middle Village, NY 11379
For Sale
New
$1,148,000
Separate second-floor and walk-in apartments are complemented by rear outdoor space.
Property Size2,151 SF
Days on Market5
Property Features for 63-23 71st Street
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
rear terrace
private yard
Building Details
Building Size
Year Built
Construction
Listing Agency:
Tscherne Realty Inc
Listed By:
Christopher Tscherne
(718) 672-7400
Source:
Barbieliteam
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 9:35AM
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 Tscherne Realty Inc
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Investment Insights
Based on property information with market context.
This 2,151-square-foot brick duplex, built in 1960, contains two apartments. The second-floor unit has two bedrooms, a living room, dining area, kitchen, full bathroom and rear terrace. At walk-in level, the other apartment includes a bedroom, living room with yard access, eat-in kitchen and bathroom. An unfinished basement, private driveway and one-car garage are also part of the property.
The rear yard can be reached from the first floor and basement. Transit options include local and express buses and the M train. Shopping and dining are available along Metropolitan Avenue, while Juniper Valley Park is nearby and spans 55 acres.
The rear yard can be reached from the first floor and basement. Transit options include local and express buses and the M train. Shopping and dining are available along Metropolitan Avenue, while Juniper Valley Park is nearby and spans 55 acres.
Key Highlights
- Two‑apartment brick property with 2,151 square feet; built in 1960
- Second‑floor apartment has two bedrooms, a dining area and rear terrace
- Walk‑in unit includes a bedroom, eat‑in kitchen and living room with yard access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,153
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,063,060
$1.1M
Cap Rate 7%
$759,329
$759.3K
Cap Rate 9%
$590,589
$590.6K
Market Conditions
NOI Build-Up for 2,151 SF
Gross rent
$82.6K $38.40/SF
− Vacancy
−$6.7K −$3.10/SF
EGI
$75.9K $35.30/SF
− OpEx
−$22.8K −$10.59/SF
NOI
$53.2K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,063,060
Cap Rate 7%
$759,329
Cap Rate 9%
$590,589
Alternative Uses
Best Use
Multifamily LT 5
$759.3K
$664.4K – $885.9K
NOI $53,153 @ 7.0% cap · market cap 4.63%
Second Best
Apartment 5plus
$751.1K
$657.3K – $876.3K
NOI $52,580 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $111,002 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,406
Businesses Nearby
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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
$886,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Middle Village, NY
Properties on Market for Duplexes in Middle Village
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate second-floor and walk-in apartments are complemented by rear outdoor space.
Where is this duplex located?
The property is located at 63-23 71st Street Middle Village, NY.
What is the asking price?
The asking price for this property is $1,148,000.
What are key features of this property?
This property features: Two‑apartment brick property with 2,151 square feet; built in 1960; Second‑floor apartment has two bedrooms, a dining area and rear terrace; Walk‑in unit includes a bedroom, eat‑in kitchen and living room with yard access
