Renovated Duplex in
For Sale
$1,359,000
Pending
5515 69th Pl, Queens, NY 11378
Spacious, renovated duplex in convenient Maspeth location near Manhattan.
Property Size2,068 SF
Lot Size0.05 Acres
Days on Market314
Property Features for 5515 69th Pl
General Information
Standard status
Pending
Size
2,068 SF
Lot size
0.05 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$8,617
Building Details
Building Size
2,068 SF
Year Built
1910
Listing Agency:
Buyer Representation Office
Listed By:
Unrepresented Buyer
Source:
Elliman
Added: Nov 28, 2025
Changed: Sep 26
Last Checked: Oct 7 at 2:03PM
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 Buyer Representation Office
Investment Insights
Based on property information with market context.
This is a two-family, semi-attached home located in a quiet and convenient area of Maspeth. The property has been gut renovated and updated. It features a private foyer front entrance. The second floor offers four bedrooms and one bathroom and is described as bright and airy. The first floor includes three bedrooms, one bathroom, and laundry facilities, with a rear outside entrance leading to a fenced yard. A porch and patio are located in the rear, with access to the front. Additionally, there is a full finished basement with outside entrances at the front and back. The property is being sold as is. The rent roll is conservatively estimated at $10,000. The location provides convenient access to Manhattan, with a half-block walk to commute options. It is also a short walk to a school and is surrounded by banks, doctors, shopping, and restaurants.
Key Highlights
- Excellent, convenient location: walk to Manhattan commute, school, banks, doctors, shopping, and restaurants.
- High rental income potential: $10,000 conservative rent roll.
- Gut renovated and updated 2‑family home.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,551
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,011,020
$1.0M
Cap Rate 7%
$722,157
$722.2K
Cap Rate 9%
$561,678
$561.7K
Market Conditions
NOI Build-Up for 2,068 SF
Gross rent
$95.5K $46.20/SF
− Vacancy
−$3.6K −$1.76/SF
EGI
$91.9K $44.44/SF
− OpEx
−$41.4K −$20.00/SF
NOI
$50.6K $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%
$1,011,020
Cap Rate 7%
$722,157
Cap Rate 9%
$561,678
Alternative Uses
Best Use
Apartment 5plus
$722.2K
$631.9K – $842.5K
NOI $50,551 @ 7.0% cap · market cap 3.72%
Second Best
Multifamily LT 5
$489.0K
$427.9K – $570.5K
NOI $34,229 @ 7.0% cap · market cap 2.52%
Theoretical Best
Office A
$1.52M
$1.33M – $1.78M
NOI $106,719 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,773
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Spacious, renovated duplex in convenient Maspeth location near Manhattan.
Where is this duplex located?
The property is located at 5515 69th Pl Queens, NY.
What is the asking price?
The asking price for this property is $1,359,000.
What are key features of this property?
This property features: Excellent, convenient location: walk to Manhattan commute, school, banks, doctors, shopping, and restaurants.; High rental income potential: $10,000 conservative rent roll.; Gut renovated and updated 2‑family home.
