Residential Income Property with
For Sale
$1,698,000
6542 Metropolitan Avenue, Middle Village, NY 11379
A 2007-built property with a private driveway, garden, balcony, and finished full basement.
Property Size2,631 SF
Days on Market24
Property Features for 6542 Metropolitan Avenue
General Information
Standard status
Active
Size
2,631 SF
Total Parking Spaces
2
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$10,608
Amenities
Wall/Window Unit(s)
Baseboard, Hot Water, Natural Gas, Other
Finished, Full
High Ceilings, Other, Storage
Front Yard, Other
Alley Access, Driveway, Private
Garden, Balcony, Lighting
Other
Building Details
Building Size
2,631 SF
Year Built
2007
Listing Agency:
Trademarko Realty Inc
Listed By:
Malgorzata A. Pieniadz CBR
(347) 647-6397
Source:
Evrealestate
Added: Sep 1
Changed: Sep 24
Last Checked: Sep 24 at 3:04PM
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 Trademarko Realty Inc
Investment Insights
Based on property information with market context.
Built in 2007, this residential income property includes high ceilings, storage, and a finished full basement. Interior features include wall or window air conditioning and baseboard hot-water heat using natural gas. Outside, the property has a front yard, garden, balcony, lighting, and a private driveway with alley access.
The property is near the M and L trains and local and express bus routes, including the Q14, Q38, Q54, Q58, Q59, Q67, QM25, and QM34.
The property is near the M and L trains and local and express bus routes, including the Q14, Q38, Q54, Q58, Q59, Q67, QM25, and QM34.
Key Highlights
- Built in 2007
- Finished full basement with storage and high ceilings
- Private driveway with alley access
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
$64,313
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
3.79%
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%
$1,286,260
$1.3M
Cap Rate 7%
$918,757
$918.8K
Cap Rate 9%
$714,589
$714.6K
Market Conditions
NOI Build-Up for 2,631 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
$121.6K $46.20/SF
− Vacancy
−$4.6K −$1.76/SF
EGI
$116.9K $44.44/SF
− OpEx
−$52.6K −$20.00/SF
NOI
$64.3K $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%
$1,286,260
Cap Rate 7%
$918,757
Cap Rate 9%
$714,589
Alternative Uses
Best Use
Apartment 5plus
$918.8K
$803.9K – $1.07M
NOI $64,313 @ 7.0% cap · market cap 3.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.94M
$1.70M – $2.26M
NOI $135,772 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,939
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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Frequently Asked Questions
What type of property is this?
Residential income property - A 2007-built property with a private driveway, garden, balcony, and finished full basement.
Where is this residential income property located?
The property is located at 6542 Metropolitan Avenue Middle Village, NY.
What is the asking price?
The asking price for this property is $1,698,000.
What are key features of this property?
This property features: Built in 2007; Finished full basement with storage and high ceilings; Private driveway with alley access
