Detached Duplex with Finished
For Sale
$1,348,000
Pending
57-16 66 Street, Maspeth, NY 11378
Two apartments have separate heating and hot water systems, with soundproof flooring between them.
Property Size1,797 SF
Days on Market9
Property Features for 57-16 66 Street
General Information
Standard status
Pending
Size
1,797 SF
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,850
Amenities
chef's kitchens
stainless steel appliances
hardwood floors
washer and dryer
split-unit air conditioning
European-style windows
heated flooring
soundproof flooring
intercom system
security camera system
landscaped backyard
sprinkler system
Finished,Full
4
Yes
Other
Finished, Full
No
1797
Building Details
Building Size
1,797 SF
Year Built
1925
Buildings
1
Listing Agency:
(516) 703-2918
Listed By:
Matthew Dubinsky
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 2:51PM
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 Matthew Dubinsky
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Investment Insights
Based on property information with market context.
Built in 1925, this detached duplex contains two apartments. The first-floor residence connects to a finished basement, while the upper apartment extends into a finished attic. Both units feature custom kitchens opening to living and dining areas, hardwood floors, in-unit laundry, and split-unit air conditioning across all four levels. Heated flooring is installed in the kitchens and bathrooms, as well as on the basement floor. Separate heating and hot water systems serve the apartments, and soundproof flooring separates them. Intercoms and a security camera system are included.
The landscaped backyard has a sprinkler system. Shopping and public transportation are available on Grand Avenue.
The landscaped backyard has a sprinkler system. Shopping and public transportation are available on Grand Avenue.
Key Highlights
- Detached two‑family property with two apartments
- First‑floor unit connects to a finished basement; upper unit extends into a finished attic
- Split‑unit air conditioning on all four levels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,927
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$878,540
$878.5K
Cap Rate 7%
$627,529
$627.5K
Cap Rate 9%
$488,078
$488.1K
Market Conditions
NOI Build-Up for 1,797 SF
Gross rent
$83.0K $46.20/SF
− Vacancy
−$3.2K −$1.76/SF
EGI
$79.9K $44.44/SF
− OpEx
−$35.9K −$20.00/SF
NOI
$43.9K $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%
$878,540
Cap Rate 7%
$627,529
Cap Rate 9%
$488,078
Alternative Uses
Best Use
Apartment 5plus
$627.5K
$549.1K – $732.1K
NOI $43,927 @ 7.0% cap · market cap 3.26%
Second Best
Multifamily LT 5
$424.9K
$371.8K – $495.7K
NOI $29,743 @ 7.0% cap · market cap 2.21%
Theoretical Best
Office A
$1.32M
$1.16M – $1.55M
NOI $92,734 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5,416
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments have separate heating and hot water systems, with soundproof flooring between them.
Where is this duplex located?
The property is located at 57-16 66 Street Maspeth, NY.
What is the asking price?
The asking price for this property is $1,348,000.
What are key features of this property?
This property features: Detached two‑family property with two apartments; First‑floor unit connects to a finished basement; upper unit extends into a finished attic; Split‑unit air conditioning on all four levels
