69-23 62 Drive Middle Village, NY 11379

$2,050,000
Reduced $25,000
3
Beds
5.5
Baths
0.05
Acres
2,500
SQFT
820
$/SQFT
$2,050,000
Reduced
$25,000
3
Beds
5.5
Baths
2,500   sf
$820 / sf
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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.

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.

  • Neighborhood
  • Type
  • Total Baths
  • 1/2 Baths
  • County
    Queens
  • Tax Amount
    $22,975
  • Status
    Active
  • Listing #
    861768
  • Built
    1930
  • Lot Size
    0.05
  • Listed on site
    78 days

Listed by:
Crifasi Real Estate Inc

Source:
MLSLI

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Property details

Community Features

  • No HOA

Property Features

  • Gas Utilities

Exterior features

  • No Pool
  • Basement

Interior Features

  • Central Air Conditioning
  • Wood Floors
  • Heat Electric
  • Heat Gas

Property History

DateDays AgoEventNew Price
Jul 15, 202517 days agoPrice decreased25,000 (1%)$2,050,000
May 19, 20252 mos agoPrice decreased100,000 (5%)$2,075,000
May 14, 20253 mos agoNew on market$2,175,000
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Photo of Salman Butt