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 Market46
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: Oct 14
Last Checked: Oct 16 at 6:45AM
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
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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 / Yr
$64,313
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
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
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 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.
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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
