Brick
New
For Sale
$1,750,000
58-61 59th Street, Maspeth, NY 11378
Residential Income, Maspeth, NY
Property Size2,744 SF
Lot Size0.06 Acres
Price / SF$637.76
Days on Market2
Property Features for 58-61 59th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 6, Bedroom 5, Bedroom 7, Bedroom 2, Bathroom 3, Bedroom 4
Subdivision
Flushing
Standard status
Active
Size
2,744 SF
Lot size
0.06 Acres
Building Details
Year built
1930
Floors in Building
2
Architectural style
Other
Listing Agency:
Paramount and Bond Real Estate
Listed By:
(646) 684-6239
Added: Nov 2
Changed: Nov 3
Last Checked: Nov 3 at 9:06PM
MLS# 12052685
Copyright © 2026 My State 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 two-family duplex is a two-story brick building with a full basement. The property sits on a 25-by-107-foot lot, or 0.0614 acres, and includes parking for up to 6 vehicles. The room listing identifies 7 bedrooms and 3 bathrooms.
Zoning is R5B with a C2-3 commercial overlay. The building dates to 1930.
Zoning is R5B with a C2-3 commercial overlay. The building dates to 1930.
Key Highlights
- Two‑family brick duplex with a full basement
- Parking for up to 6 vehicles, including buses or minivans
- 25 x 107‑foot lot totaling 0.0614 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,075
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,341,500
$1.3M
Cap Rate 7%
$958,214
$958.2K
Cap Rate 9%
$745,278
$745.3K
Market Conditions
NOI Build-Up for 2,744 SF
Gross rent
$126.8K $46.20/SF
− Vacancy
−$4.8K −$1.76/SF
EGI
$122.0K $44.44/SF
− OpEx
−$54.9K −$20.00/SF
NOI
$67.1K $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%
$1,341,500
Cap Rate 7%
$958,214
Cap Rate 9%
$745,278
Alternative Uses
Best Use
Apartment 5plus
$958.2K
$838.4K – $1.12M
NOI $67,075 @ 7.0% cap · market cap 3.83%
Second Best
Multifamily LT 5
$648.8K
$567.7K – $757.0K
NOI $45,418 @ 7.0% cap · market cap 2.60%
Theoretical Best
Office A
$2.02M
$1.77M – $2.36M
NOI $141,604 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,387
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-story, two-family residence with a full basement and on-site parking.
Where is this duplex located?
The property is located at 58-61 59th Street Maspeth, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Two‑family brick duplex with a full basement; Parking for up to 6 vehicles, including buses or minivans; 25 x 107‑foot lot totaling 0.0614 acres
