Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5818 64Th St Maspeth, NY 11378

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $6,950,000

    21,000 SF industrial building with freight elevator and parking.

    Property size:
    21,000 SF
    Lot size:
    0.36 Acres

    Property Features for 5818 64Th St

    General Information

    Size
    21,000 SF
    Lot size
    0.36 Acres

    We can help!

    Listing Contact
    Greg Corbin
    Source: Moodyscre

    Listing Agent: Greg Corbin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Block-Through Industrial Building with Parking

    This is a 3-story, 21,000 SF block-through industrial property situated on an 80 x 200 FT lot. The property features frontage on both 63rd Street and 64th Street. It includes multiple parking spaces and a freight elevator with dock access. Previously occupied by Tatco Installations Inc, a full-service custom millwork, architectural, onsite installation & finishing company, the property offers the option to purchase equipment. The building is located in close proximity to MTA Q58, Q39, and Q57 bus stops.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Maspeth
    County
    Queens
    State
    New York
    Longitude
    -73.90122
    Latitude
    40.720769

    Nearby Similar for Sale

    • $1,575,000
      0.06 Acres

      Maspeth Multifamily Pre-War Property

      Four-family, semi-detached property near transportation, delivered vacant.
      60-64 54Th Pl, Maspeth, NY 11378
      View Details
    • $1,499,000
      Pending

      Maspeth Multifamily Property For Sale

      Two-family brick building with conversion potential in a family-friendly neighborhood.
      5974 Fresh Pond Rd, Maspeth, NY 11378
      View Details
    • $1,350,000
      Pending

      Maspeth Duplex with Private Driveway

      Semi-detached duplex in prime Maspeth location with modern amenities.
      56-36 Remsen Pl, Maspeth, NY 11378
      View Details
    • New
      $1,498,000
      0.11 Acres

      Maspeth Multifamily Home with Extra Lot

      Two-family home with a five-car garage and expansion potential.
      61-22 56Th Dr, Maspeth, NY 11378
      View Details
    • $1,139,000
      1,620 SF

      Renovated Two-Family Home, Maspeth

      Maspeth two-family home with modern renovations and outdoor space.
      58-33 71St St, Maspeth, NY 11378
      View Details
    • $979,000
      Pending

      Maspeth Duplex with Garage

      Two-family house in Maspeth featuring five bedrooms and three baths.
      62-31 60Th Rd, Maspeth, NY 11378
      View Details
    • $1,550,000
      0.05 Acres

      Maspeth Two-Family Brick Home

      Custom-built, two-family home near Juniper Valley Park.
      70-13 Caldwell Ave, Maspeth, NY 11378
      View Details
    • $1,348,000
      Pending

      Renovated Two-Family Home, Maspeth

      Luxurious, fully detached, renovated two-family home in Maspeth.
      57-16 66Th St, Maspeth, NY 11378
      View Details
    • $1,100,000
      Pending

      Renovated Two-Family Home in Maspeth

      Meticulously renovated two-family home with modern upgrades and prime location.
      71-26 58Th Ave, Maspeth, NY 11378
      View Details
    • New
      $1,299,000
      0.05 Acres

      Maspeth Two-Family Home For Sale

      Well-maintained two-family home in the heart of Maspeth.
      59-29 70Th St, Maspeth, NY 11378
      View Details
    • New
      $995,000
      0.06 Acres

      Spacious Two-Family Home in Maspeth

      Two-family home in Maspeth with renovation potential and convenient location.
      6923 59Th Rd, Maspeth, NY 11378
      View Details
    • $1,050,000
      Pending

      Maspeth Two-Family Home with Pool

      Two-family home in Maspeth with a large private backyard.
      5883 57Th Rd, Maspeth, NY 11378
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - 21,000 SF industrial building with freight elevator and parking.
    Where is this manufacturing property located?
    The property is located at 5818 64Th St Maspeth, NY.
    What is the asking price?
    The asking price for this property is $6,950,000.
    What are key features of this property?
    This property features: - Block-through 21,000 SF industrial property; - 80 x 200 FT lot with frontage on 63rd Street and 64th Street; - Freight elevator with dock access
    (917) 406-0406
    Request Owner's contact information
    5818 64Th St Maspeth, NY 11378
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5818 64Th St
    Maspeth, NY 11378
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5818 64Th St Maspeth, NY 11378
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Greg Corbin
    (917) 406-0406
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.