Brick Duplex with Private-Entry
New
For Sale
$1,580,000
53-53 72 Place, Maspeth, NY 11378
Residential Income, Maspeth, NY
Property Size2,706 SF
Lot Size0.06 Acres
Price / SF$583.89
Days on Market2
Property Features for 53-53 72 Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Basement, Bedroom 4, Bedroom 1, Bathroom 1, Bathroom 3, Bathroom 2, Bedroom 6, Bedroom 3, Bedroom 5, Bedroom 2
Parking
2
Parking features
Driveway
Interior features
High Ceilings, Open Kitchen
Basement
Finished
Elementary school
Ps 58 School Of Heroes
Middle school
Is 73 Frank Sansivieri Intermediate School (The)
High school
Grover Cleveland High School
Elementary school district
Queens 24
Middle school district
Queens24
High school district
Queens24
Standard status
Active
APN
02507-0016
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
11873
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Amenities
private exterior entrance
Building Details
Year built
2007
Number of units
2
Building materials
Brick
Listing Agency:
New Group Realty Inc
(718) 255-9100
Listed By:
Xun Lin
(347) 387-9337
Added: Oct 28
Last Checked: Oct 29 at 12:06AM
MLS# 1068044
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2007, this three-story, brick duplex contains two residences. Each unit has a duplex layout, three bedrooms, two full bathrooms, and a large living and dining area. The property provides 2,706 square feet of living space, with a high-ceiling basement accessible through a private exterior entrance. The irregular lot measures 32 by 148 feet, and the building footprint is an irregular 24 by 46 feet. Zoning is R4-1.
The property is half a block from Grand Avenue. Supermarkets, restaurants, and schools are nearby, and the Q58 bus connects the area with Elmhurst and Flushing.
The property is half a block from Grand Avenue. Supermarkets, restaurants, and schools are nearby, and the Q58 bus connects the area with Elmhurst and Flushing.
Key Highlights
- Two duplex residences, each with 3 bedrooms and 2 full baths
- 2,706 square feet of living space
- High‑ceiling basement with private exterior entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,147
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,322,940
$1.3M
Cap Rate 7%
$944,957
$945.0K
Cap Rate 9%
$734,967
$735.0K
Market Conditions
NOI Build-Up for 2,706 SF
Gross rent
$125.0K $46.20/SF
− Vacancy
−$4.8K −$1.76/SF
EGI
$120.3K $44.44/SF
− OpEx
−$54.1K −$20.00/SF
NOI
$66.1K $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%
$1,322,940
Cap Rate 7%
$944,957
Cap Rate 9%
$734,967
Alternative Uses
Best Use
Apartment 5plus
$945.0K
$826.8K – $1.10M
NOI $66,147 @ 7.0% cap · market cap 4.19%
Second Best
Multifamily LT 5
$639.8K
$559.9K – $746.5K
NOI $44,789 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$1.99M
$1.75M – $2.33M
NOI $139,643 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
1,969
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has a duplex layout with three bedrooms, two full baths, and access to a high-ceiling basement.
Where is this duplex located?
The property is located at 53-53 72 Place Maspeth, NY.
What is the asking price?
The asking price for this property is $1,580,000.
What are key features of this property?
This property features: Two duplex residences, each with 3 bedrooms and 2 full baths; 2,706 square feet of living space; High‑ceiling basement with private exterior entrance
