Brick Two-Family
New
For Sale
$1,580,000
53-53 72nd 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 72nd Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 1, Bathroom 2, Bathroom 4, Bedroom 2, Bedroom 6, Bathroom 3, Bedroom 3, Basement
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
Building Details
Year built
2007
Number of units
2
Building materials
Brick
Buildings
1
Listing Agency:
New Group Realty Inc
(718) 255-9100
Listed By:
Xun Lin
(347) 387-9337
Added: Oct 28
Changed: Oct 29
Last Checked: Oct 29 at 11:06PM
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.
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Investment Insights
Based on property information with market context.
This 3-story, semi-detached brick duplex was built in 2007 and contains 2,706 square feet of living space. Each of its two units has a duplex layout with 3 bedrooms, 2 full bathrooms, and a living and dining area. A high-ceiling basement has a separate exterior entrance. The property is zoned R4-1 and sits on an irregular 32-by-148-foot lot, with an irregular 24-by-46-foot building footprint.
The property is half a block from Grand Avenue. Nearby destinations include supermarkets, restaurants, and schools, and the Q58 bus connects to Elmhurst and Flushing.
The property is half a block from Grand Avenue. Nearby destinations include supermarkets, restaurants, and schools, and the Q58 bus connects to Elmhurst and Flushing.
Key Highlights
- Two units, each with a duplex layout, 3 bedrooms, and 2 full bathrooms
- 2,706 square feet of living space in a 3‑story building
- Irregular 32‑by‑148‑foot lot; irregular 24‑by‑46‑foot building footprint
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
1,969
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
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
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer duplex layouts, three bedrooms, and two full bathrooms each.
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 units, each with a duplex layout, 3 bedrooms, and 2 full bathrooms; 2,706 square feet of living space in a 3‑story building; Irregular 32‑by‑148‑foot lot; irregular 24‑by‑46‑foot building footprint
