Duplex with Private
63-47 74th Street, Middle Village, NY 11379
For Sale
New
$1,849,000
Two two-bedroom residences offer distinct layouts, including a balcony upstairs and a rear porch at the lower level.
Property Size3,800 SF
Lot Size0.09 Acres
Price / SF$486.58
Days on Market6
Property Features for 63-47 74th Street
General Information
Standard status
Size
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
balcony
back porch
private backyard
Finished,Full
2
Yes
No
4
First Floor Bedroom,First Floor Full Bath,Formal Dining,Galley Type Kitchen,Granite Counters,High Ceilings
Finished, Full
Public
Private, Driveway
Building Details
Year Built
Buildings
Listing Agency:
Exit All Seasons Realty
(516) 788-8382
Listed By:
Ace Kalia
Source:
Sunluxrealty
Added: Nov 9
Changed: Nov 11
Last Checked: Nov 12 at 9:12PM
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 3,800-square-foot two-family home contains two-bedroom living spaces on separate levels. The upper residence includes a balcony, while the lower one has two walk-in closets and a rear porch. Interior details include hardwood flooring, oversized windows, high ceilings, updated kitchens and bathrooms, and formal dining areas. The property also has a finished full basement and a private driveway. Its lot measures 38' x 100'.
The home is at 63-47 74th Street in Middle Village, half a block from Juniper Valley Park. Park amenities include tennis, baseball, shuffleboard, and bocce facilities.
The home is at 63-47 74th Street in Middle Village, half a block from Juniper Valley Park. Park amenities include tennis, baseball, shuffleboard, and bocce facilities.
Key Highlights
- 3,800‑square‑foot two‑family home built in 1955
- Two‑bedroom residences on separate floors
- Upper residence has a balcony; lower residence includes two walk‑in closets and a rear porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,901
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,878,020
$1.9M
Cap Rate 7%
$1,341,443
$1.3M
Cap Rate 9%
$1,043,344
$1.0M
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$145.9K $38.40/SF
− Vacancy
−$11.8K −$3.10/SF
EGI
$134.1K $35.30/SF
− OpEx
−$40.2K −$10.59/SF
NOI
$93.9K $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%
$1,878,020
Cap Rate 7%
$1,341,443
Cap Rate 9%
$1,043,344
Alternative Uses
Best Use
Multifamily LT 5
$1.34M
$1.17M – $1.57M
NOI $93,901 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$1.33M
$1.16M – $1.55M
NOI $92,889 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$2.80M
$2.45M – $3.27M
NOI $196,098 @ 7.0% cap · market cap 10.61%
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
1,747
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 - Two two-bedroom residences offer distinct layouts, including a balcony upstairs and a rear porch at the lower level.
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: 3,800‑square‑foot two‑family home built in 1955; Two‑bedroom residences on separate floors; Upper residence has a balcony; lower residence includes two walk‑in closets and a rear porch
