Maspeth Duplex Home For
For Sale
$999,000
5814 58th Ave, Queens, NY 11378
Well-maintained duplex in Maspeth, ideal for investors or homeowners.
Property Size1,260 SF
Lot Size0.04 Acres
Days on Market268
Property Features for 5814 58th Ave
General Information
Standard status
Active
Size
1,260 SF
Lot size
0.04 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$5,713
Building Details
Building Size
1,260 SF
Year Built
1920
Units
2
Listing Agency:
CONNIE FRANCISCO R E GROUP
(516) 300-2491
Listed By:
Nathalie C. Francisco · License #3601709
(516) 300-2491
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 9
Last Checked: Aug 23 at 5:56AM
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 CONNIE FRANCISCO R E GROUP
Investment Insights
Based on property information with market context.
This well-maintained duplex home is located in Maspeth. The property features two spacious units, each designed for functionality and convenience. The units include bright living areas, updated kitchens, and comfortable bedrooms. Natural light is abundant throughout the home. The property is situated on a quiet block and is close to schools, shopping, restaurants, and public transportation, providing convenient access to the amenities of Queens. A private backyard offers outdoor space suitable for entertaining or relaxation. This property is suitable for both investors and end users.
Key Highlights
- Two spacious units with updated kitchens, ideal for investors or end‑users.
- Located in the sought‑after Maspeth neighborhood in Queens.
- Close proximity to schools, shopping, restaurants, and public transportation.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,800
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$616,000
$616.0K
Cap Rate 7%
$440,000
$440.0K
Cap Rate 9%
$342,222
$342.2K
Market Conditions
NOI Build-Up for 1,260 SF
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.
Gross rent
$58.2K $46.20/SF
− Vacancy
−$2.2K −$1.76/SF
EGI
$56.0K $44.44/SF
− OpEx
−$25.2K −$20.00/SF
NOI
$30.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$616,000
Cap Rate 7%
$440,000
Cap Rate 9%
$342,222
Alternative Uses
Best Use
Apartment 5plus
$440.0K
$385.0K – $513.3K
NOI $30,800 @ 7.0% cap · market cap 3.08%
Second Best
Multifamily LT 5
$297.9K
$260.7K – $347.6K
NOI $20,855 @ 7.0% cap · market cap 2.09%
Theoretical Best
Office A
$928.9K
$812.8K – $1.08M
NOI $65,022 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex in Maspeth, ideal for investors or homeowners.
Where is this duplex located?
The property is located at 5814 58th Ave Queens, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Two spacious units with **updated kitchens, ideal for investors or end‑users.**; Located in the sought‑after Maspeth neighborhood in Queens.; Close proximity to schools, shopping, restaurants, and public transportation.
