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69-23 62nd Drive
Middle Village, New York
$2,175,000 Price
3 Bedrooms   4.0 Baths
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69-23 62nd Drive, Middle Village, New York

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...

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 coolingideal 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.

Courtesy of Crifasi Realty Associates Inc

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* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

Listing Details

New Listing
Middle Village, New York
Type: Townhouse
Price: $2,175,000
Date Listed: 5/12/2025
Web ID: 1113113536

Info & Amenities

Type: Mixed Use
Rooms: 11.0
Bedrooms: 3
Bathrooms: 4.0
Built: 1900
Pets allowed: Yes

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

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