Three-Story Duplex
New
For Sale
$1,728,000
6542 Metropolitan Ave, Middle Village, NY 11379
Residential Income, Middle Village, NY
Property Size2,631 SF
Lot Size0.04 Acres
Price / SF$656.78
Days on Market2
Property Features for 6542 Metropolitan Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 4, Bedroom 1, Bedroom 5, Bathroom 3, Bedroom 2, Bedroom 6, Bathroom 5, Bathroom 6, Bathroom 1, Bathroom 2, Bathroom 4, Bedroom 3
Parking features
Driveway
Patio and Porch features
Patio
Interior features
Walk-In Closet(s), Master Downstairs
Fencing
Fenced
Subdivision
Ridgewood
High school district
NEW YORK CITY GEOGRAPHIC DISTRICT #24
Directions
Map Quest.65th Pl /Metropolitan Ave/School,Shops.Near Public Transportation M/L Train.Local and Express Buses (Q54,Q38,Q67,Q58,Q59,Q14,QM25/QM34). Easy Commute To Manhattan!
Standard status
Active
APN
03603-0027
Size
2,631 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10608
Utilities
Heating system
Baseboard, Natural Gas, Hot Water(Heating)
Water source
Public
Amenities
private front yard
back balcony
finished basement
Building Details
Year built
2007
Floors in Building
3
Flooring type
Hardwood, Tile
Building materials
Stucco, Brick
Architectural style
Other
Listing Agency:
TRADEMARKO REALTY INC
(718) 502-5141
Listed By:
Malgorzata Pieniadz
(718) 502-5141
Added: Aug 27
Last Checked: Aug 28 at 5:06AM
MLS# 11954711
Copyright © 2026 My State MLS. 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.
Built in 2007, this three-story duplex property contains two residential duplex units totaling 2,631 square feet. The configuration includes 6 bedrooms, 4 full bathrooms, and 2 half bathrooms, along with a finished basement that adds adaptable interior space. Hardwood and tile flooring, stucco and brick construction, baseboard and hot-water heating, and public water service are among the existing features. Outdoor improvements include a rear balcony, patio, fenced private front yard, and a rear lot with 2 parking spaces. The property occupies 0.0408 acres and may be delivered vacant.
Located one block from the M train, the property also has access to the L train, multiple bus routes, the LIE, and the BQE. Nearby amenities identified in the property information include Metro Mall, BJ’s, schools, parks, banks, and restaurants. Zoning is R4B with a C1-3 overlay.
Located one block from the M train, the property also has access to the L train, multiple bus routes, the LIE, and the BQE. Nearby amenities identified in the property information include Metro Mall, BJ’s, schools, parks, banks, and restaurants. Zoning is R4B with a C1-3 overlay.
Key Highlights
- 2,631‑square‑foot property built in 2007
- Two duplex residences with 6 bedrooms, 4 full baths, and 2 half baths
- Finished basement, rear balcony, patio, and fenced private front yard
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
3.72%
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 3.72%
Second Best
Multifamily LT 5
$622.1K
$544.3K – $725.8K
NOI $43,547 @ 7.0% cap · market cap 2.52%
Theoretical Best
Office A
$1.94M
$1.70M – $2.26M
NOI $135,772 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
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
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 duplex residences offer flexible layouts with finished lower-level space, outdoor areas, and private parking.
Where is this duplex located?
The property is located at 6542 Metropolitan Ave Middle Village, NY.
What is the asking price?
The asking price for this property is $1,728,000.
What are key features of this property?
This property features: 2,631‑square‑foot property built in 2007; Two duplex residences with 6 bedrooms, 4 full baths, and 2 half baths; Finished basement, rear balcony, patio, and fenced private front yard
