Brick Duplex
New
For Sale
$1,280,000
6731 185th Street, Fresh Meadows, NY 11365
Two attached residences provide separate living areas and finished-basement space with its own entrance.
Property Size1,998 SF
Days on Market6
Property Features for 6731 185th Street
General Information
Standard status
Active
Size
1,998 SF
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/2BA, 1 x 3BR/2.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,417
Building Details
Building Size
1,998 SF
Year Built
2006
Construction
Brick
Listing Agency:
Century Homes Realty Group LLC
Listed By:
Hak C. Wang · License #40WA1175096
(718) 886-6800
Source:
Cottiemaxwellrealestate
Added: Oct 9
Changed: Oct 12
Last Checked: Oct 13 at 12:30AM
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 Century Homes Realty Group LLC
Investment Insights
Based on property information with market context.
Built in 2006, this brick property contains two semi-detached residences. One residence is arranged across the first and second floors, with three bedrooms, two full bathrooms, a living and dining room, and a kitchen. The other spans the second and third floors and includes three bedrooms, two and a half bathrooms, a living and dining room, and an eat-in kitchen.
A full finished basement with a separate entrance serves the second residence. The property is located in Fresh Meadows, New York.
A full finished basement with a separate entrance serves the second residence. The property is located in Fresh Meadows, New York.
Key Highlights
- Two semi‑detached brick residences
- Built in 2006
- First residence has 3 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,840
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$976,800
$976.8K
Cap Rate 7%
$697,714
$697.7K
Cap Rate 9%
$542,667
$542.7K
Market Conditions
NOI Build-Up for 1,998 SF
Gross rent
$92.3K $46.20/SF
− Vacancy
−$3.5K −$1.76/SF
EGI
$88.8K $44.44/SF
− OpEx
−$40.0K −$20.00/SF
NOI
$48.8K $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%
$976,800
Cap Rate 7%
$697,714
Cap Rate 9%
$542,667
Alternative Uses
Best Use
Apartment 5plus
$697.7K
$610.5K – $814.0K
NOI $48,840 @ 7.0% cap · market cap 3.82%
Second Best
Multifamily LT 5
$472.4K
$413.4K – $551.2K
NOI $33,070 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,106 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,822
Businesses Nearby
Explore this area
Business Placement
Demographics for 11365, NY
46,908
Population
16,626
Households
2.8
Avg Household Size
41
Median Age
39%
College-Educated
84%
High-School Grad
2.5 sq mi
ZIP Area
18,763
Density / Sq Mi
$85,375
Median Household Income
$51,458
Median Earnings
$1,869
Median Rent
$911,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two attached residences provide separate living areas and finished-basement space with its own entrance.
Where is this duplex located?
The property is located at 6731 185th Street Fresh Meadows, NY.
What is the asking price?
The asking price for this property is $1,280,000.
What are key features of this property?
This property features: Two semi‑detached brick residences; Built in 2006; First residence has 3 bedrooms and 2 full bathrooms
