Brick Two-Family
For Sale
$1,250,000
7518 197th St, Fresh Meadows, NY 11366
Semi-detached income property includes a finished basement and private backyard.
Property Size1,848 SF
Lot Size0.07 Acres
Price / SF$676.41
Days on Market8
Property Features for 7518 197th St
General Information
Standard status
Active
Size
1,848 SF
Lot size
0.07 Acres
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$11,044
Amenities
hardwood floors
finished basement
private backyard
Building Details
Construction
brick
Listing Agency:
Serhant East End LLC
(917) 420-5300
Listed By:
Kenneth Liu
(917) 420-5300
Source:
Exprealty
Added: Aug 13
Changed: Aug 18
Last Checked: Aug 19 at 10:57AM
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 Serhant East End LLC
Investment Insights
Based on property information with market context.
This two-family semi-detached property at 7518 197th St in Fresh Meadows, NY, offers 1,848 square feet of building area on a 30-by-100-foot lot. The all-brick exterior is complemented by hardwood floors, a finished basement, and a private backyard with separate basement access. Street parking is available along the property’s quiet residential setting.
The property sits between Union Turnpike and 75th Ave., with Cunningham Park, schools, laundromats, grocery stores, public transportation, and major highways nearby. It is located within District 26. The two-family configuration supports use as a primary residence or rental property, subject to applicable requirements.
The property sits between Union Turnpike and 75th Ave., with Cunningham Park, schools, laundromats, grocery stores, public transportation, and major highways nearby. It is located within District 26. The two-family configuration supports use as a primary residence or rental property, subject to applicable requirements.
Key Highlights
- Two‑family semi‑detached property at 7518 197th St, Fresh Meadows, NY
- 1,848 building SF on a 30x100 lot
- All‑brick exterior with hardwood floors throughout
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
$45,173
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
3.61%
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%
$903,460
$903.5K
Cap Rate 7%
$645,329
$645.3K
Cap Rate 9%
$501,922
$501.9K
Market Conditions
NOI Build-Up for 1,848 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
$85.4K $46.20/SF
− Vacancy
−$3.2K −$1.76/SF
EGI
$82.1K $44.44/SF
− OpEx
−$37.0K −$20.00/SF
NOI
$45.2K $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%
$903,460
Cap Rate 7%
$645,329
Cap Rate 9%
$501,922
Alternative Uses
Best Use
Apartment 5plus
$645.3K
$564.7K – $752.9K
NOI $45,173 @ 7.0% cap · market cap 3.61%
Second Best
Multifamily LT 5
$437.0K
$382.3K – $509.8K
NOI $30,587 @ 7.0% cap · market cap 2.45%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,366 @ 7.0% cap · market cap 7.63%
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
875
Businesses Nearby
Explore this area
Business Placement
Demographics for 11366, NY
14,430
Population
4,915
Households
2.9
Avg Household Size
41
Median Age
52%
College-Educated
85%
High-School Grad
1.5 sq mi
ZIP Area
9,620
Density / Sq Mi
$117,402
Median Household Income
$58,028
Median Earnings
$2,101
Median Rent
$950,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Semi-detached income property includes a finished basement and private backyard.
Where is this duplex located?
The property is located at 7518 197th St Fresh Meadows, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Two‑family semi‑detached property at 7518 197th St, Fresh Meadows, NY; 1,848 building SF on a 30x100 lot; All‑brick exterior with hardwood floors throughout
