Two-Family Duplex
New
For Sale
$1,728,000
6542 Metropolitan Avenue, Middle Village, NY 11379
Residential Income, Middle Village, NY
Property Size2,631 SF
Lot Size0.04 Acres
Price / SF$656.78
Days on Market6
Property Features for 6542 Metropolitan Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 2, Bedroom 6, Bedroom 5, Bathroom 5, Bathroom 3, Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 1, Basement, Bathroom 6, Bathroom 4, Bedroom 3
Parking
2
Parking features
Driveway, Alley
Security features
Security
Patio and Porch features
Deck, Patio
Interior features
High Ceilings, Storage
Exterior features
Balcony, Garden, Lighting, Mailbox
Basement
Finished, Full
Lot features
Front Yard, Garden, Near Golf Course, Near Public Transit, Near School, Near Shops
Elementary school
Ps 128 Lorraine Tuzzo-Juniper Valley
Middle school
Ps 128 Lorraine Tuzzo-Juniper Valley
High school
Aviation Career And Tech High School
Elementary school district
Queens 24
Middle school district
Queens24
High school district
Queens24
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
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10608
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Natural Gas, Baseboard, Hot Water(Heating)
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
finished basement
back balcony
private front yard
Building Details
Year built
2007
Number of units
2
Flooring type
Tile - Ceramic
Building materials
Brick
Additional Structures
Storage
Listing Agency:
Trademarko Realty Inc
(718) 502-5141
Listed By:
Malgorzata A. Pieniadz CBR · License #NEWYORK(NY)LICENSE10301217154
(347) 647-6397
Added: Aug 27
Changed: Sep 1
Last Checked: Sep 1 at 12:06PM
MLS# 1044145
Copyright © 2026 OneKey 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 brick two-family duplex property contains approximately 2,631 square feet across three stories and a finished basement. The configuration includes six bedrooms, four full bathrooms, and two half bathrooms, with two separate duplex residences. Interior features include high ceilings and storage, while ceramic tile flooring, natural gas baseboard and hot-water heating, and wall or window unit cooling serve the home. Outdoor features include a front yard, balcony, deck, and patio, along with two parking spaces accessed from the rear lot.
The property is located one block from the M train in Middle Village, with access to the M and L subway lines and multiple bus routes. The setting is near Ridgewood, Bushwick, Williamsburg, Metro Mall, BJ’s, schools, parks, banks, and restaurants. The property is zoned R4B with a C1-3 overlay and can be delivered vacant.
The property is located one block from the M train in Middle Village, with access to the M and L subway lines and multiple bus routes. The setting is near Ridgewood, Bushwick, Williamsburg, Metro Mall, BJ’s, schools, parks, banks, and restaurants. The property is zoned R4B with a C1-3 overlay and can be delivered vacant.
Key Highlights
- Approximately 2,631 square feet across three stories plus a finished basement
- Two duplex residences with 6 bedrooms, 4 full baths, and 2 half baths
- Built in 2007 with brick construction and ceramic tile flooring
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 - Three-story configuration includes a finished basement, private yard, balcony, and two residential living areas.
Where is this duplex located?
The property is located at 6542 Metropolitan Avenue Middle Village, NY.
What is the asking price?
The asking price for this property is $1,728,000.
What are key features of this property?
This property features: Approximately 2,631 square feet across three stories plus a finished basement; Two duplex residences with 6 bedrooms, 4 full baths, and 2 half baths; Built in 2007 with brick construction and ceramic tile flooring
