Maspeth Two-Family Home For
For Sale
$898,000
Pending
5807 Maspeth Ave, Queens, NY 11378
Well-maintained, renovated two-family home in Maspeth with income potential.
Property Size1,440 SF
Lot Size0.05 Acres
Days on Market314
Property Features for 5807 Maspeth Ave
General Information
Standard status
Pending
Size
1,440 SF
Lot size
0.05 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$6,318
Building Details
Building Size
1,440 SF
Year Built
1899
Units
2
Listed By:
Donna Russo DiCesare CBR
(917) 270-7714
Source:
Elliman
Added: Nov 28, 2025
Changed: Sep 26
Last Checked: Oct 7 at 12:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Donna Russo DiCesare CBR
Investment Insights
Based on property information with market context.
Located in the heart of Maspeth, this semi-detached two-family home at 58-07 Maspeth Avenue presents an opportunity for investors or buyers seeking a primary residence with income potential. The property is situated minutes from the Long Island Expressway and Brooklyn-Queens Expressway, facilitating commutes throughout Queens, Brooklyn, and Manhattan. Public transportation is readily accessible via the Q39 and Q59 buses. The building features a layout of 5 rooms over 5 rooms. The second floor apartment includes 3 bedrooms, while the first floor apartment features 2 bedrooms. Both apartments have been renovated and offer move-in-ready living spaces. The second-floor unit is equipped with stainless steel appliances and hardwood floors. Additional features include a full basement for storage and a private backyard suitable for outdoor relaxation. The property is conveniently located near shops, restaurants, and local amenities.
Key Highlights
- Excellent income potential as a two‑family home
- Renovated apartments offering move‑in‑ready living spaces
- Desirable layout: 3 bedrooms on the second floor, 2 bedrooms on the first floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,200
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$704,000
$704.0K
Cap Rate 7%
$502,857
$502.9K
Cap Rate 9%
$391,111
$391.1K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$66.5K $46.20/SF
− Vacancy
−$2.5K −$1.76/SF
EGI
$64.0K $44.44/SF
− OpEx
−$28.8K −$20.00/SF
NOI
$35.2K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$704,000
Cap Rate 7%
$502,857
Cap Rate 9%
$391,111
Alternative Uses
Best Use
Apartment 5plus
$502.9K
$440.0K – $586.7K
NOI $35,200 @ 7.0% cap · market cap 3.92%
Second Best
Multifamily LT 5
$340.5K
$297.9K – $397.2K
NOI $23,834 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$1.06M
$928.9K – $1.24M
NOI $74,311 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,773
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained, renovated two-family home in Maspeth with income potential.
Where is this duplex located?
The property is located at 5807 Maspeth Ave Queens, NY.
What is the asking price?
The asking price for this property is $898,000.
What are key features of this property?
This property features: Excellent income potential as a two‑family home; Renovated apartments offering move‑in‑ready living spaces; Desirable layout: 3 bedrooms on the second floor, 2 bedrooms on the first floor
