Multifamily Building with Private
For Sale
$1,288,000
54-27 Arnold Avenue, Maspeth, NY 11378
The corner property provides three parking spaces and includes one vacant apartment.
Property Size4,125 SF
Price / SF$312.24
Days on Market25
Property Features for 54-27 Arnold Avenue
General Information
Standard status
Active
Size
4,125 SF
Total Parking Spaces
3
Property subtype
Commercial
Zoning
r4
Taxes and HOA fees
Annual Taxes
$13,257
Building Details
Building Size
4,125 SF
Year Built
1915
Buildings
1
Stories
3
Units
6
Construction
brick&block
Listing Agency:
Trademarko Realty Inc
(718) 502-5141
Listed By:
Peter Nowik · License #10401329596
(347) 927-6829
Source:
Croninreale
Added: Oct 1
Changed: Oct 23
Last Checked: Oct 23 at 9:53AM
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 Trademarko Realty Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,125-square-foot multifamily property is a brick-and-block building constructed in 1915. It has a private driveway with three parking spaces and includes one vacant apartment. The property is zoned R4.
Key Highlights
- 4,125‑square‑foot multifamily property
- One vacant apartment
- Private driveway with three parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,833
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,016,660
$2.0M
Cap Rate 7%
$1,440,471
$1.4M
Cap Rate 9%
$1,120,367
$1.1M
Market Conditions
NOI Build-Up for 4,125 SF
Gross rent
$190.6K $46.20/SF
− Vacancy
−$7.2K −$1.76/SF
EGI
$183.3K $44.44/SF
− OpEx
−$82.5K −$20.00/SF
NOI
$100.8K $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 Rate 5%
$2,016,660
Cap Rate 7%
$1,440,471
Cap Rate 9%
$1,120,367
Alternative Uses
Best Use
Apartment 5plus
$1.44M
$1.26M – $1.68M
NOI $100,833 @ 7.0% cap · market cap 7.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.04M
$2.66M – $3.55M
NOI $212,870 @ 7.0% cap · market cap 16.53%
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
Location Intelligence
Trade Area within ½ mile
2,619
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?
Multifamily property - The corner property provides three parking spaces and includes one vacant apartment.
Where is this multifamily property located?
The property is located at 54-27 Arnold Avenue Maspeth, NY.
What is the asking price?
The asking price for this property is $1,288,000.
What are key features of this property?
This property features: 4,125‑square‑foot multifamily property; One vacant apartment; Private driveway with three parking spaces
