Three-Story Multifamily
5263 65th Place, Maspeth, NY 11378
For Sale
New
$1,650,000
Pending
Brick construction, a private backyard, and driveway parking add practical features to this residential property.
Property Size2,880 SF
Days on Market3
Property Features for 5263 65th Place
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Ceramic Tile,Hardwood
3
No
4
First Floor Bedroom
Back Yard,Chain Link
Public
2
Driveway
Municipal
2880
Public Maintained Road
Building Details
Building Size
Year Built
Buildings
Stories
Construction
Tenancy
Listing Agency:
(914) 788-6339
Listed By:
Emmanuel Faure
(917) 750-0466
Source:
Schunkrealtygroup
Added: Nov 7
Changed: Nov 9
Last Checked: Nov 9 at 12:04AM
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 Emmanuel Faure
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Investment Insights
Based on property information with market context.
This three-story brick multifamily property contains 2,880 square feet, with two bedrooms on the first floor, two on the second, and office space on the third. The first and third floors were updated five years ago. A new roof and hot water heater are among the property’s recent improvements, and the backyard is private.
The first and second floors will be delivered vacant; the third floor has a month-to-month tenant. Two parking spaces are located in the front driveway. Supermarkets, shops, and restaurants are nearby.
The first and second floors will be delivered vacant; the third floor has a month-to-month tenant. Two parking spaces are located in the front driveway. Supermarkets, shops, and restaurants are nearby.
Key Highlights
- 2,880‑square‑foot, three‑story brick multifamily property
- Two bedrooms on the first floor, two on the second, and office space on the third
- First and third floors updated five years ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,400
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,408,000
$1.4M
Cap Rate 7%
$1,005,714
$1.0M
Cap Rate 9%
$782,222
$782.2K
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$133.1K $46.20/SF
− Vacancy
−$5.1K −$1.76/SF
EGI
$128.0K $44.44/SF
− OpEx
−$57.6K −$20.00/SF
NOI
$70.4K $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%
$1,408,000
Cap Rate 7%
$1,005,714
Cap Rate 9%
$782,222
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$880.0K – $1.17M
NOI $70,400 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.12M
$1.86M – $2.48M
NOI $148,622 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,988
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
Properties on Market for Multifamily properties in Maspeth
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Brick construction, a private backyard, and driveway parking add practical features to this residential property.
Where is this multifamily property located?
The property is located at 5263 65th Place Maspeth, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 2,880‑square‑foot, three‑story brick multifamily property; Two bedrooms on the first floor, two on the second, and office space on the third; First and third floors updated five years ago
