Duplex with Walkout
New
For Sale
$1,225,000
Pending
6417 Eliot Avenue, Middle Village, NY 11379
Private parking, a garage, and a fenced backyard complement the residence’s finished lower level.
Property Size2,014 SF
Days on Market5
Property Features for 6417 Eliot Avenue
General Information
Standard status
Pending
Size
2,014 SF
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,599
Amenities
fenced back yard
walkout basement
Finished
Hardwood,Wood
2
No
Yes
4
Bay Window(s),Blinds
First Floor Bedroom,First Floor Full Bath
Public
Driveway, Garage, Private
Block
2014
Building Details
Building Size
2,014 SF
Year Built
1935
Buildings
1
Listing Agency:
(516) 703-2918
Listed By:
Michael Giordano
Source:
Hedgestonehomes
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 4:34PM
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 Michael Giordano
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Investment Insights
Based on property information with market context.
At 6417 Eliot Avenue in Middle Village, Queens, this legal duplex contains 2,014 square feet and dates to 1935. The finished basement has a walkout and direct access from the garage. A driveway and garage provide private parking, and the fenced backyard adds outdoor space. A new hot water heater was installed in May 2026.
Bus stops serving the Q14, Q58, Q54, Q39, Q98, Q67, and Q38 routes are less than 200 feet away; three of the routes are express buses to Manhattan. The M train is 0.5 miles away, and the R train is accessible by bus. Manhattan is 7 miles away.
Bus stops serving the Q14, Q58, Q54, Q39, Q98, Q67, and Q38 routes are less than 200 feet away; three of the routes are express buses to Manhattan. The M train is 0.5 miles away, and the R train is accessible by bus. Manhattan is 7 miles away.
Key Highlights
- Legal duplex with 2,014 square feet
- Finished walkout basement with access from the garage
- Driveway and garage provide private parking; fenced backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,231
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$984,620
$984.6K
Cap Rate 7%
$703,300
$703.3K
Cap Rate 9%
$547,011
$547.0K
Market Conditions
NOI Build-Up for 2,014 SF
Gross rent
$93.0K $46.20/SF
− Vacancy
−$3.5K −$1.76/SF
EGI
$89.5K $44.44/SF
− OpEx
−$40.3K −$20.00/SF
NOI
$49.2K $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%
$984,620
Cap Rate 7%
$703,300
Cap Rate 9%
$547,011
Alternative Uses
Best Use
Apartment 5plus
$703.3K
$615.4K – $820.5K
NOI $49,231 @ 7.0% cap · market cap 4.02%
Second Best
Multifamily LT 5
$476.2K
$416.7K – $555.6K
NOI $33,335 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,932 @ 7.0% cap · market cap 8.48%
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
1,904
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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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 - Private parking, a garage, and a fenced backyard complement the residence’s finished lower level.
Where is this duplex located?
The property is located at 6417 Eliot Avenue Middle Village, NY.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: Legal duplex with 2,014 square feet; Finished walkout basement with access from the garage; Driveway and garage provide private parking; fenced backyard
