6923 62nd Dr - Office/Residential FOR SALE


Middle Village, NY 11379
$2,175,000 USD
718-894-8700
6923 62nd Dr, Middle Village, NY for Sale
$2,175,000 USD
Office/Residential - FOR SALE
1/65
null | 4.37% Cap Rate

6923 62nd Dr
Middle Village, NY 11379


OVERVIEW

Investor opportunity in the heart of Middle Village! This fully renovated, mixed-use brick property at 69-23 62nd Drive offers strong cash flow and long-term upside with minimal maintenance. The building features two residential units and two professional office spaces, all separately metered and in excellent condition. One of the residential units is currently vacant and ready for occupancy, while the second-floor 2-bedroom, 2-bathroom duplex is leased through late 2025. The rear commercial spaces are fully occupied by long-term professional tenants with leases extending through 2027 and 2028. The combined gross rental income is approximately $11,500 per month, offering a solid return on investment. The commercial space totals roughly 2,300 square feet and features 13’ ceilings on the ground level, two ADA bathrooms, 9’ ceilings on the lower level, skylights, and central heating and cooling—ideal for medical, office, or studio use. Operating expenses are minimal, with water and sewer charges around $1,600/year, property insurance approximately $5,000/year, and property taxes at $22,975/year. The private parking area is currently used by commercial tenants. This is a new construction building, so no lead paint testing is required. Located near Juniper Valley Park, 69th Street, the M train, LIE, and both LaGuardia and JFK airports, this is an excellent turn-key investment in a prime Middle Village location.

FOR SALE DETAILS

PRICE

$2,175,000 USD

PRICE/SF

$435 USD /SF

CAP RATE

4.37%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R4

APN/PARCEL ID

02952-0032

ASK ABOUT THIS PROPERTY

Salvatore CrifasiCrifasi Commercial Real EstateMore Info
718-894-8700

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Salvatore CrifasiCrifasi Commercial Real EstateMore Info
718-894-8700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.