Maspeth Two-Family
58-29 60th Lane, Maspeth, NY 11378
- Added:
- Jan 29, 2026
- Days on Market:
- 147
- Last Refresh:
- Jun 25 at 5:06 pm
Property Features for 58-29 60th Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 4, Basement, Bedroom 2
- Parking features
- Garage, Open
- Patio and Porch features
- Patio
- Interior features
- First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen, Entrance Foyer, Pantry, Primary Bathroom, Storage, Washer/Dryer Hookup
- Basement
- Full, Storage Space, Walk-Out Access
- Standard status
- Pending
- APN
- 02738-0005
- Size
- 2,380 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7019
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Water source
- Public
Building Details
- Year built
- 1925
- Number of units
- 2
- Flooring type
- Hardwood, Tile
- Building materials
- Frame
- Additional Structures
- Storage
Listing agent Marie C. Grant CBR E-PRO (516) 524-2781
Listing office Signature Premier Properties 730 Franklin Ave, Huntington, NY (516) 741-4333
Listing date Jan 29, 2026
MLS# 956610
Listing URL
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.
HighLights
- Desirable Maspeth location in Queens with convenient access to Manhattan and Brooklyn
- Two‑family residence with separate entrances, offering flexibility for living or investment
- Spacious layout with over 2,380 sq ft of living space, featuring four bedrooms and two full bathrooms
- Backyard retreat with covered and uncovered patio areas and a two‑car garage
- Full basement with utilities, laundry area, ample storage, and two separate egress doors
- Easy access to major highways, public transportation, shopping, restaurants, and parks; 25‑minute commute to Manhattan
Overview
This attached two-family residence is located in the Maspeth section of Queens, offering access to Manhattan and Brooklyn. The property features over 2,380 square feet of living space, configured with four bedrooms (two over two) and two full bathrooms. The residence includes a front foyer with separate entrances to the first- and second-floor apartments. The first-floor unit features one oversized bedroom with hardwood floors (originally two bedrooms and convertible), two large closets, and a dressing area. The living area flows into the dining room and kitchen, and a full bathroom is included. Sliding glass doors lead to a backyard retreat with covered and uncovered patio areas, and access to a two-car garage. The second-floor apartment includes two bedrooms, a full bathroom, a living room with hardwood floors, a dining area, and an open kitchen with counter seating, plus a dressing area and sunroom. The full basement offers additional space with utilities, gas heat, a laundry area, ample storage, and two separate egress doors. The property is located within a 25-minute commute to Manhattan, with access to major highways, public transportation, shopping, restaurants, and parks. The property offers income-producing potential and is suitable for investment or owner occupancy.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $110.0k | $46.20 |
| − Vacancy | −$4.2k | −$1.76 |
| EGI | $105.8k | $44.44 |
| − OpEx | −$47.6k | −$20.00 |
| NOI | $58.2k | $24.44 |
2,380 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$831.1K
$727.2K – $969.6K
NOI $58,178 @ 7.0% cap · market cap 5.82%
Second Best
Multifamily LT 5
$562.8K
$492.4K – $656.6K
NOI $39,393 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$1.75M
$1.54M – $2.05M
NOI $122,819 @ 7.0% cap · market cap 12.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Maspeth
- County
- Queens
- State
- New York
- Longitude
- -73.904239
- Latitude
- 40.7198
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-maintained two-family home in Maspeth, Queens with investment potential.
Where is this duplex located?
The property is located at 58-29 60th Lane Maspeth, NY.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Desirable Maspeth location in Queens with convenient access to Manhattan and Brooklyn; Two‑family residence with separate entrances, offering flexibility for living or investment; Spacious layout with over 2,380 sq ft of living space, featuring four bedrooms and two full bathrooms
