66-34 74th ST Back on Market Save Request In-Person Tour Request Virtual Tour
Middle Village,NY 11379
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Back On Market
Purchase Type For Sale
MLS Listing ID KEY836469
Bedrooms 6
Full Baths 5
Rental Info No
Year Built 1901
Annual Tax Amount $8,033
Lot Dimensions 20' X 100'
Property Sub-Type Quadruplex
Source onekey2
Property Description
This excellent four-family property in the heart of Middle Village generates a projected total gross income of $101,400 with a 6.03% cap rate starting July 1, 2025—making it a standout opportunity for those seeking stable, long-term rental income in a prime location. This property features a legal walk-in basement and is equipped with 4 gas meters and 4 electric meters. Recent upgrades include a new hot water heater (2022), new chimney lining, granite stoop, newly tiled basement floors, and a roof redone 8 years ago. The owner pays for heat, hot water, and also covers electric and cooking gas for the basement unit, which is currently occupied by the building's super. Tenants on the 1st and 2nd floors pay their own electric and cooking gas. Ideally situated just two blocks from Juniper Valley Park and close to the vibrant shops and restaurants on Metropolitan Avenue, with easy access to the Q38 and Q67 buses and less than a mile from the M subway line—this property is an ideal addition to any investment portfolio.
Location
State NY
County Queens
Rooms
Basement Finished,Full,See Remarks
Interior
Interior Features First Floor Bedroom,First Floor Full Bath
Cooling None
Fireplace No
Exterior
Utilities Available Natural Gas Available
Garage false
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Ps 128 Lorraine Tuzzo-Juniper Valley
Middle Schools Robert F Wagner Jr Secondary School
High Schools Maspeth High School
School District Queens24
Others
Senior Community No
Special Listing Condition None