Two-Bedroom Residential
97-12 63rd Drive 7-A, Queens, NY 11374
For Sale
$688,000
The unit includes two full bathrooms, an in-unit washer and dryer, and a deeded indoor parking space.
Property Size844 SF
Price / SF$815.17
Days on Market103
Property Features for 97-12 63rd Drive 7-A
General Information
Standard status
Size
Total Parking Spaces
Elevators
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
HOA Fee
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
24-hour security
balcony
in-unit washer/dryer
Building Details
Building Size
Year Built
Listing Agency:
R New York
Listed By:
David Behar
(212) 688-1000
Source:
Irynaferenets
Added: Jul 30
Changed: Nov 9
Last Checked: Nov 8 at 3:30PM
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 R New York
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Investment Insights
Based on property information with market context.
This 844-square-foot condominium occupies the seventh floor of an elevator building completed in 1992. The two-bedroom layout includes two full bathrooms, a living room with balcony access, a separate dining area, and a kitchen with a window and cabinet storage. Laminate flooring, closet storage, and three PTAC units are also part of the unit. A washer and dryer are concealed in a closet, and the sale includes a deeded indoor garage parking space with remote-controlled entry.
The building provides 24-hour security and has two elevators. The 63rd Avenue local train station, served by the M and R, is nearby, with Queens Boulevard bus service and shopping and restaurants in the area.
The building provides 24-hour security and has two elevators. The 63rd Avenue local train station, served by the M and R, is nearby, with Queens Boulevard bus service and shopping and restaurants in the area.
Key Highlights
- 844‑square‑foot, two‑bedroom condominium with two full bathrooms
- Deeded indoor garage parking space with remote‑controlled entry
- Private balcony accessed from the living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,631
Cap Rate
3.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$412,620
$412.6K
Cap Rate 7%
$294,729
$294.7K
Cap Rate 9%
$229,233
$229.2K
Market Conditions
NOI Build-Up for 844 SF
Gross rent
$39.0K $46.20/SF
− Vacancy
−$1.5K −$1.76/SF
EGI
$37.5K $44.44/SF
− OpEx
−$16.9K −$20.00/SF
NOI
$20.6K $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%
$412,620
Cap Rate 7%
$294,729
Cap Rate 9%
$229,233
Alternative Uses
Best Use
Apartment 5plus
$294.7K
$257.9K – $343.9K
NOI $20,631 @ 7.0% cap · market cap 3.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$622.2K
$544.4K – $725.9K
NOI $43,554 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
5,009
Businesses Nearby
Explore this area
Business Placement
Demographics for 11374, NY
47,129
Population
21,197
Households
2.2
Avg Household Size
43
Median Age
51%
College-Educated
90%
High-School Grad
0.9 sq mi
ZIP Area
52,366
Density / Sq Mi
$86,333
Median Household Income
$58,309
Median Earnings
$1,957
Median Rent
$484,500
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Queens, NY
Properties on Market for Residential income properties in Queens
Frequently Asked Questions
What type of property is this?
Residential income property - The unit includes two full bathrooms, an in-unit washer and dryer, and a deeded indoor parking space.
Where is this residential income property located?
The property is located at 97-12 63rd Drive 7-A Queens, NY.
What is the asking price?
The asking price for this property is $688,000.
What are key features of this property?
This property features: 844‑square‑foot, two‑bedroom condominium with two full bathrooms; Deeded indoor garage parking space with remote‑controlled entry; Private balcony accessed from the living room
