Brick Two-Unit
New
For Sale
$1,580,000
53-53 72nd Place, Maspeth, NY 11378
Each residence has three bedrooms and two full baths, with a high-ceiling basement offering separate exterior access.
Property Size2,706 SF
Lot Size0.11 Acres
Price / SF$583.89
Days on Market4
Property Features for 53-53 72nd Place
General Information
Standard status
Active
Size
2,706 SF
Lot size
0.11 Acres
Property subtype
Duplex
Zoning
R4-1
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$11,873
Building Details
Building Size
2,706 SF
Year Built
2007
Buildings
1
Stories
3
Construction
solid brick
Listing Agency:
New Group Realty Inc
Listed By:
Xun Lin
(347) 387-9337
Source:
Serhant
Added: Oct 28
Changed: Oct 31
Last Checked: Oct 31 at 3:10AM
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 New Group Realty Inc
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Investment Insights
Based on property information with market context.
This 2007 three-story, semi-detached brick duplex contains two residences, each arranged across multiple levels with three bedrooms, two full baths, and a living and dining area. The property provides 2,706 sq. ft. of living space, plus a high-ceiling basement with a private exterior entrance. The irregular lot measures 32' x 148', and the building footprint is 24' x 46'. The property is zoned R4-1.
The address is half a block from Grand Avenue. Supermarkets, restaurants, schools, and Q58 bus service toward Elmhurst and Flushing are nearby.
The address is half a block from Grand Avenue. Supermarkets, restaurants, schools, and Q58 bus service toward Elmhurst and Flushing are nearby.
Key Highlights
- Two residences, each with a duplex layout, 3 bedrooms, and 2 full baths
- 2,706 sq. ft. of living space in a 3‑story building
- 2007 construction; semi‑detached brick building
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?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,229
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms and two full baths, with a high-ceiling basement offering separate exterior access.
Where is this duplex located?
The property is located at 53-53 72nd 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 residences, each with a duplex layout, 3 bedrooms, and 2 full baths; 2,706 sq. ft. of living space in a 3‑story building; 2007 construction; semi‑detached brick building
