Two-Family Home with Finished Lower
For Sale
$1,180,000
59-82 58th Avenue, Maspeth, NY 11378
MULTI_FAMILY - Maspeth, NY
Property Size1,668 SF
Lot Size0.06 Acres
Price / SF$707.43
Days on Market20
Property Features for 59-82 58th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 2
Subdivision
Flushing
Standard status
Active
Size
1,668 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
6909
Utilities
Heating system
Natural Gas, Steam, Zoned
Amenities
hardwood floors
finished lower level
natural gas heating
steam radiators
wall/window A/C units
in-home washer and dryer
Building Details
Year built
1915
Flooring type
Hardwood
Building materials
Vinyl Siding
Roof type
Asphalt
Listing Agency:
LANDMARK INTERNATIONAL REAL ESTATE GROUP LLC
(917) 530-5075
Listed By:
Lucy Lu
Added: Jul 16
Changed: Aug 4
Last Checked: Aug 4 at 11:06PM
MLS# 11889335
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained two-family home includes a finished lower level and spacious living areas. The layout features five bedrooms and two full bathrooms, with hardwood floors throughout. Built in 1915, the home is equipped with natural gas heating with zoned steam radiators, plus wall/window A/C units. Laundry is available in-home with a washer and dryer.
The property sits on a quiet residential block in Maspeth, Queens. It is positioned near shopping, schools, parks, restaurants, public transportation, and major highways, providing convenient access to Queens, Brooklyn, and Manhattan.
Externally, the home features vinyl siding and an asphalt roof, supporting a durable, low-maintenance exterior. At 0.0574 acres and 1,668 square feet, the property offers a compact two-family footprint that can fit both owner-occupant and investor strategies.
The property sits on a quiet residential block in Maspeth, Queens. It is positioned near shopping, schools, parks, restaurants, public transportation, and major highways, providing convenient access to Queens, Brooklyn, and Manhattan.
Externally, the home features vinyl siding and an asphalt roof, supporting a durable, low-maintenance exterior. At 0.0574 acres and 1,668 square feet, the property offers a compact two-family footprint that can fit both owner-occupant and investor strategies.
Key Highlights
- Finished lower level in this well‑maintained two‑family home
- Five bedrooms and two full bathrooms
- Natural gas zoned steam radiators plus wall/window A/C units
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.1k | $46.20 |
| − Vacancy | −$2.9k | −$1.76 |
| EGI | $74.1k | $44.44 |
| − OpEx | −$33.4k | −$20.00 |
| NOI | $40.8k | $24.44 |
1,668 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$582.5K
$509.7K – $679.6K
NOI $40,773 @ 7.0% cap · market cap 3.46%
Second Best
Multifamily LT 5
$394.4K
$345.1K – $460.1K
NOI $27,608 @ 7.0% cap · market cap 2.34%
Theoretical Best
Office A
$1.23M
$1.08M – $1.43M
NOI $86,077 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,130
Businesses Nearby
Explore this area
Business Placement
Demographics for 11378, NY
38,288
Population
14,522
Households
2.6
Avg Household Size
40
Median Age
26%
College-Educated
83%
High-School Grad
2.4 sq mi
ZIP Area
15,953
Density / Sq Mi
$84,762
Median Household Income
$52,281
Median Earnings
$1,932
Median Rent
$832,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family home with hardwood floors, natural gas zoned steam heat, and in-home washer and dryer.
Where is this duplex located?
The property is located at 59-82 58th Avenue Maspeth, NY.
What is the asking price?
The asking price for this property is $1,180,000.
What are key features of this property?
This property features: Finished lower level in this well‑maintained two‑family home; Five bedrooms and two full bathrooms; Natural gas zoned steam radiators plus wall/window A/C units
