Two-Family Duplex with
For Sale
$1,849,000
63-47 74th Street, Middle Village, NY 11379
Two residential units offer flexible layouts, private outdoor space, and updated interior finishes.
Property Size2,142 SF
Lot Size0.09 Acres
Days on Market62
Property Features for 63-47 74th Street
General Information
Standard status
Active
Size
2,142 SF
Lot size
0.09 Acres
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,110
Building Details
Building Size
2,142 SF
Year Built
1955
Buildings
1
Listing Agency:
Exit All Seasons Realty
Listed By:
Jaroslaw Kaszuba
(718) 345-4545
Source:
Serhant
Added: Aug 15
Changed: Oct 7
Last Checked: Oct 15 at 8:00AM
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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Investment Insights
Based on property information with market context.
Built in 1955, this two-family duplex property includes a two-bedroom upper residence with a balcony and a lower two-bedroom residence with two walk-in closets and a rear porch. Interior features include oversized windows, hardwood flooring throughout, a modern kitchen, and upgraded bathrooms. The property also includes a private backyard on a 38' x 100' lot.
Located near Juniper Valley Park, the property is close to recreational amenities that include tennis, baseball, shuffleboard, and bocce facilities. The address is 63-47 74th Street, Middle Village, NY 11379.
Located near Juniper Valley Park, the property is close to recreational amenities that include tennis, baseball, shuffleboard, and bocce facilities. The address is 63-47 74th Street, Middle Village, NY 11379.
Key Highlights
- Two‑family property with two‑bedroom units on separate levels
- Upper unit includes a balcony
- Lower unit features two walk‑in closets and a rear porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,360
Cap Rate
2.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,047,200
$1.0M
Cap Rate 7%
$748,000
$748.0K
Cap Rate 9%
$581,778
$581.8K
Market Conditions
NOI Build-Up for 2,142 SF
Gross rent
$99.0K $46.20/SF
− Vacancy
−$3.8K −$1.76/SF
EGI
$95.2K $44.44/SF
− OpEx
−$42.8K −$20.00/SF
NOI
$52.4K $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%
$1,047,200
Cap Rate 7%
$748,000
Cap Rate 9%
$581,778
Alternative Uses
Best Use
Apartment 5plus
$748.0K
$654.5K – $872.7K
NOI $52,360 @ 7.0% cap · market cap 2.83%
Second Best
Multifamily LT 5
$506.5K
$443.2K – $590.9K
NOI $35,454 @ 7.0% cap · market cap 1.92%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,537 @ 7.0% cap · market cap 5.98%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,747
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
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer flexible layouts, private outdoor space, and updated interior finishes.
Where is this duplex located?
The property is located at 63-47 74th Street Middle Village, NY.
What is the asking price?
The asking price for this property is $1,849,000.
What are key features of this property?
This property features: Two‑family property with two‑bedroom units on separate levels; Upper unit includes a balcony; Lower unit features two walk‑in closets and a rear porch
