Three-Story Duplex
New
For Sale
$1,728,000
6542 Metropolitan Avenue, Middle Village, NY 11379
Two residences include finished basement space, outdoor areas, and rear parking.
Property Size2,631 SF
Price / SF$656.78
Days on Market2
Property Features for 6542 Metropolitan Avenue
General Information
Standard status
Active
Size
2,631 SF
Total Parking Spaces
2
Property subtype
Duplex
Zoning
R4B
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,608
Amenities
back balcony
private front yard
finished basement
Building Details
Building Size
2,631 SF
Year Built
2007
Buildings
1
Stories
3
Listing Agency:
Trademarko Realty Inc
(347) 647-6397
Listed By:
Malgorzata A. Pieniadz CBR
Source:
Cbwarburg
Added: Aug 29
Last Checked: Aug 29 at 10:09PM
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 three-story duplex property contains two duplex residences totaling approximately 2,631 square feet, with a finished basement extending the usable space. The layout includes 6 bedrooms, 4 full baths, and 2 half bathrooms across the residences. Outdoor features include a rear balcony, private front yard, and a back lot with 2 parking spaces. The property can be delivered vacant.
The building is zoned R4B with a C1-3 overlay and sits one block from the M train. Additional transportation options include the L subway line and Q54, Q38, Q67, Q14, Q58, Q98, QM25, and QM34 bus routes. The location also provides access to the LIE and BQE, with shopping, schools, parks, banks, restaurants, and Metro Mall nearby.
The building is zoned R4B with a C1-3 overlay and sits one block from the M train. Additional transportation options include the L subway line and Q54, Q38, Q67, Q14, Q58, Q98, QM25, and QM34 bus routes. The location also provides access to the LIE and BQE, with shopping, schools, parks, banks, restaurants, and Metro Mall nearby.
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 bathrooms
- Built in 2007; property can be delivered vacant
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
Yes
Paved road 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 residences include finished basement space, outdoor areas, and rear parking.
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 bathrooms; Built in 2007; property can be delivered vacant
