Triplex With
New
For Sale
$1,150,000
3231 58th Street, Woodside, NY 11377
The residence has five bedrooms and three bathrooms.
Property Size2,568 SF
Days on Market6
Property Features for 3231 58th Street
General Information
Standard status
Active
Size
2,568 SF
Property subtype
Triplex
Additional Details
Public Transit
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,050
Amenities
backyard
Building Details
Building Size
2,568 SF
Year Built
1945
Buildings
1
Listing Agency:
Signature Premier Properties
Listed By:
Rhonda Levine
(516) 546-6300
Source:
Serhant
Added: Sep 30
Changed: Oct 5
Last Checked: Oct 4 at 4:21PM
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 Signature Premier Properties
Investment Insights
Based on property information with market context.
Built in 1945, this three-family residence has a five-bedroom, three-bathroom layout and a backyard.
Transit options nearby include the 7 train at 61st Street, Long Island Rail Road service at Woodside, and Q18, Q32, and Q60 buses.
Transit options nearby include the 7 train at 61st Street, Long Island Rail Road service at Woodside, and Q18, Q32, and Q60 buses.
Key Highlights
- Five bedrooms and three bathrooms
- Backyard included
- Near the 7 train at 61st Street, Long Island Rail Road service at Woodside, and Q18, Q32, and Q60 bus lines
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$62,773
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,255,460
$1.3M
Cap Rate 7%
$896,757
$896.8K
Cap Rate 9%
$697,478
$697.5K
Market Conditions
NOI Build-Up for 2,568 SF
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.
Gross rent
$118.6K $46.20/SF
− Vacancy
−$4.5K −$1.76/SF
EGI
$114.1K $44.44/SF
− OpEx
−$51.4K −$20.00/SF
NOI
$62.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,255,460
Cap Rate 7%
$896,757
Cap Rate 9%
$697,478
Alternative Uses
Best Use
Apartment 5plus
$896.8K
$784.7K – $1.05M
NOI $62,773 @ 7.0% cap · market cap 5.46%
Second Best
Multifamily LT 5
$607.2K
$531.3K – $708.4K
NOI $42,505 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$1.89M
$1.66M – $2.21M
NOI $132,521 @ 7.0% cap · market cap 11.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,766
Businesses Nearby
Explore this area
Business Placement
Demographics for 11377, NY
91,512
Population
34,928
Households
2.6
Avg Household Size
39
Median Age
33%
College-Educated
82%
High-School Grad
2.5 sq mi
ZIP Area
36,605
Density / Sq Mi
$73,292
Median Household Income
$45,978
Median Earnings
$1,802
Median Rent
$670,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - The residence has five bedrooms and three bathrooms.
Where is this triplex located?
The property is located at 3231 58th Street Woodside, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Five bedrooms and three bathrooms; Backyard included; Near the 7 train at 61st Street, Long Island Rail Road service at Woodside, and Q18, Q32, and Q60 bus lines
