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Lucky To Live Here

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$ 2,050,000

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Price Dropped by $25K

69-23 62 DR Middle Village, NY 11379

3 Beds

7 Baths

2,500 SqFt

UPDATED:

Key Details

Property Type Townhouse

Sub Type Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 2,500 sqft

Price per Sqft $820

MLS Listing ID 861768

Style Modern

Bedrooms 3

Full Baths 4

Half Baths 3

HOA Y/N No

Rental Info No

Year Built 1930

Annual Tax Amount $22,975

Lot Dimensions irregular

Property Sub-Type Townhouse

Source onekey2

Property Description

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.

Location

State NY

County Queens

Rooms

Basement Finished

Interior

Interior Features First Floor Bedroom, First Floor Full Bath, High Ceilings, Open Floorplan

Heating Ducts, Electric, Forced Air, Hot Water, Natural Gas

Cooling Central Air, Ductless

Flooring Hardwood

Fireplace No

Appliance Stainless Steel Appliance(s)

Exterior

Utilities Available Cable Connected, Electricity Available, Natural Gas Connected

Total Parking Spaces 2

Garage false

Private Pool No

Building

Sewer Shared

Water Public

Structure Type Brick

Schools

Elementary Schools Ps 128 Lorraine Tuzzo-Juniper Valley

Middle Schools Is 73 Frank Sansivieri Intermediate School (The)

High Schools Queens24

School District Queens24

Others

Senior Community No

Special Listing Condition None

Listed by Crifasi Real Estate Inc

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69-23 62 DR Middle Village, NY 11379

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69-23 62 DR