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 Market17
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
(718) 345-4545
Listed By:
Jaroslaw Kaszuba
(718) 345-4545
Source:
Serhant
Added: Aug 15
Changed: Aug 31
Last Checked: Aug 31 at 12:20AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,360
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
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 - 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
