Duplex with Finished
6733 197th Street, Fresh Meadows, NY 11365
For Sale
New
$1,050,000
Residential, Duplex, Fresh Meadows, NY
Property Size1,800 SF
Lot Size0.05 Acres
Price / SF$583.33
Days on Market6
Property Features for 6733 197th Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Interior features
Basement
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
RE/MAX Edge · RE/MAX International
Listed By:
Jason Zhou · License NY JZ1320
(718) 612-3088
Added: Nov 9
Changed: Nov 11
Last Checked: Nov 14 at 12:06AM
MLS# 505962
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,800-square-foot brick duplex, built in 1960, has four bedrooms and three full bathrooms. Each of its two main levels includes two bedrooms and a kitchen. Interior features include hardwood and tile flooring, recessed lighting, stainless steel appliances, and split-unit heating and cooling. A finished basement adds flexible space, and the property also includes a private driveway and a paved backyard with privacy fencing.
The 0.051-acre property is in Fresh Meadows, Queens, and is zoned R3-2.
The 0.051-acre property is in Fresh Meadows, Queens, and is zoned R3-2.
Key Highlights
- 1,800 square feet on a 0.051‑acre lot
- Four bedrooms and three full bathrooms
- Two main levels, each with two bedrooms and a kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,479
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$889,580
$889.6K
Cap Rate 7%
$635,414
$635.4K
Cap Rate 9%
$494,211
$494.2K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$69.1K $38.40/SF
− Vacancy
−$5.6K −$3.10/SF
EGI
$63.5K $35.30/SF
− OpEx
−$19.1K −$10.59/SF
NOI
$44.5K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$889,580
Cap Rate 7%
$635,414
Cap Rate 9%
$494,211
Alternative Uses
Best Use
Multifamily LT 5
$635.4K
$556.0K – $741.3K
NOI $44,479 @ 7.0% cap · market cap 4.24%
Second Best
Apartment 5plus
$628.6K
$550.0K – $733.3K
NOI $44,000 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,889 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
677
Businesses Nearby
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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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Market
Properties on Market for Duplexes in Fresh Meadows
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Brick residence offers two kitchens, a private driveway, and a fenced backyard.
Where is this duplex located?
The property is located at 6733 197th Street Fresh Meadows, NY.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 1,800 square feet on a 0.051‑acre lot; Four bedrooms and three full bathrooms; Two main levels, each with two bedrooms and a kitchen
