Two-Family Duplex with
New
For Sale
$1,849,000
63-47 74th Street, Middle Village, NY 11379
MULTI_FAMILY - Middle Village, NY
Property Size2,142 SF
Lot Size0.09 Acres
Price / SF$863.21
Days on Market6
Property Features for 63-47 74th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3X
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 1
Interior features
Dishwasher, Refrigerator, Stove
Basement
Finished, Full
Subdivision
Middle Village
Standard status
Active
Size
2,142 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
9110
Amenities
Balcony
Back Porch
Private Backyard
Building Details
Year built
1955
Number of units
2
Building materials
Brick
Roof type
Shingle
Listing Agency:
Exit All Seasons Realty
(718) 345-4545
Listed By:
Jaroslaw Kaszuba
(718) 345-4545
Added: Aug 15
Changed: Aug 19
Last Checked: Aug 20 at 1:06AM
MLS# 503835
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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 2,142-square-foot brick duplex, built in 1955, is arranged as two residential units. The upper apartment contains two bedrooms and a balcony, while the lower residence provides two bedrooms, two walk-in closets, and a rear porch. Oversized windows, hardwood flooring, modern kitchens, luxurious bathrooms, and included appliances contribute to the property’s interior configuration. The roof is shingle, and the lot measures 38 feet by 100 feet with a private backyard.
Located at 63-47 74th Street in Middle Village, Queens, the property is near Juniper Valley Park. The surrounding recreational amenities include tennis, baseball, shuffleboard, and bocce facilities. R3X zoning and the two-unit layout define the property’s residential income profile.
Located at 63-47 74th Street in Middle Village, Queens, the property is near Juniper Valley Park. The surrounding recreational amenities include tennis, baseball, shuffleboard, and bocce facilities. R3X zoning and the two-unit layout define the property’s residential income profile.
Key Highlights
- Two‑unit duplex configuration with 2,142 square feet
- Upper residence includes 2 bedrooms and a balcony
- Lower residence offers 2 bedrooms, 2 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
1,302
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 - Brick duplex with upgraded kitchens, hardwood flooring, outdoor space, and a private backyard on an R3X-zoned lot.
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‑unit duplex configuration with 2,142 square feet; Upper residence includes 2 bedrooms and a balcony; Lower residence offers 2 bedrooms, 2 walk‑in closets, and a rear porch
