69-23 62nd Dr Flushing, NY 11379
Middle Village NeighborhoodEstimated payment $13,085/month
Total Views
8,768
3
Beds
7
Baths
2,500
Sq Ft
$820
Price per Sq Ft
Highlights
- Wood Flooring
- Main Floor Bedroom
- High Ceiling
- P.S. 128 The Lorraine Tuzzo, Juniper Valley Elementary School Rated A-
- Modern Architecture
- Stainless Steel Appliances
About This Home
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.
Listing Agent
Crifasi Real Estate Inc Brokerage Phone: 718-782-4411 License #10301205163 Listed on: 05/14/2025
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $22,975
Year Built
- Built in 1930 | Remodeled in 2005
Lot Details
- 2,084 Sq Ft Lot
Parking
- 2 Parking Spaces
Home Design
- Modern Architecture
- Brick Exterior Construction
Interior Spaces
- 2,500 Sq Ft Home
- High Ceiling
- Wood Flooring
- Stainless Steel Appliances
- Finished Basement
Bedrooms and Bathrooms
- 3 Bedrooms
- Main Floor Bedroom
Schools
- Ps 128 Lorraine Tuzzo-Juniper Valley Elementary School
- Is 73 Frank Sansivieri Intermediate School
- Grover Cleveland High School
Utilities
- Forced Air Heating and Cooling System
- Ductless Heating Or Cooling System
- Heating System Uses Natural Gas
- Hot Water Heating System
Listing and Financial Details
- Legal Lot and Block 0032 / 02952
- Assessor Parcel Number 02952-0032
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $21,916 | $213,210 | $138,600 | $74,610 |
| 2024 | $21,916 | $206,910 | $138,600 | $68,310 |
| 2023 | $21,096 | $199,170 | $138,600 | $60,570 |
| 2022 | $20,133 | $187,200 | $138,600 | $48,600 |
| 2021 | $18,287 | $171,000 | $138,600 | $32,400 |
| 2020 | $21,783 | $218,250 | $138,600 | $79,650 |
| 2019 | $20,112 | $206,550 | $138,600 | $67,950 |
| 2018 | $18,345 | $197,463 | $138,600 | $58,863 |
| 2017 | $12,567 | $194,142 | $138,600 | $55,542 |
| 2016 | $15,174 | $194,142 | $138,600 | $55,542 |
| 2015 | $10,553 | $184,872 | $138,600 | $46,272 |
| 2014 | $10,553 | $183,972 | $138,600 | $45,372 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/15/2025 07/15/25 | Price Changed | $2,050,000 | -1.2% | $820 / Sq Ft |
| 05/19/2025 05/19/25 | Price Changed | $2,075,000 | -4.6% | $830 / Sq Ft |
| 05/14/2025 05/14/25 | For Sale | $2,175,000 | +143.0% | $870 / Sq Ft |
| 08/26/2022 08/26/22 | Sold | $895,000 | -17.9% | -- |
| 07/08/2022 07/08/22 | Pending | -- | -- | -- |
| 04/05/2022 04/05/22 | For Sale | $1,090,000 | -- | -- |
Source: OneKey® MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Deed | $895,000 | -- | |
| Deed | $895,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $975,000 | Commercial | |
| Previous Owner | $165,000 | Seller Take Back |
Source: Public Records
Similar Homes in the area
Source: OneKey® MLS
MLS Number: 861768
APN: 02952-0032
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