Two-Unit Duplex with
59-43 58th avenue, Maspeth, NY 11378
For Sale
New
$998,000
Residential Income, Maspeth, NY
Property Size2,400 SF
Lot Size0.05 Acres
Price / SF$415.83
Days on Market4
Property Features for 59-43 58th avenue
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Subdivision
High school district
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Water source
Amenities
finished cellar
enclosed sunroom
private backyard
washer and dryer
separate heating burners
separate hot water heaters
Building Details
Year built
Buildings
Listing Agency:
PRIME AMERICA REAL ESTATE INC
(347) 725-3142
Listed By:
Gobinda Lama · License NY #10311207567
(718) 975-1107
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 13 at 11:06PM
MLS# 12063100
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-unit duplex contains approximately 2,400 square feet of interior space, including a finished cellar. The first-floor apartment has two bedrooms and one full bathroom, with access to the cellar and private backyard. Upstairs, the second apartment provides three bedrooms and one full bathroom. Both units have living and dining areas. An enclosed sunroom, washer and dryer, and separate heating burners and hot water heaters for each apartment are also included.
The property occupies a 20-by-100-foot lot, with a 20-by-40-foot building footprint. The outdoor area is a private backyard.
The property occupies a 20-by-100-foot lot, with a 20-by-40-foot building footprint. The outdoor area is a private backyard.
Key Highlights
- Two apartments: one with 2 bedrooms and one with 3 bedrooms
- Approximately 2,400 square feet of interior space, including the cellar
- 20 x 100 ft lot with a 20 x 40 ft building footprint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,306
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,186,120
$1.2M
Cap Rate 7%
$847,229
$847.2K
Cap Rate 9%
$658,956
$659.0K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$92.2K $38.40/SF
− Vacancy
−$7.4K −$3.10/SF
EGI
$84.7K $35.30/SF
− OpEx
−$25.4K −$10.59/SF
NOI
$59.3K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,186,120
Cap Rate 7%
$847,229
Cap Rate 9%
$658,956
Alternative Uses
Best Use
Multifamily LT 5
$847.2K
$741.3K – $988.4K
NOI $59,306 @ 7.0% cap · market cap 5.94%
Second Best
Apartment 5plus
$838.1K
$733.3K – $977.8K
NOI $58,667 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,852 @ 7.0% cap · market cap 12.41%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,130
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
Properties on Market for Duplexes in Maspeth
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments offer separate living areas and dedicated heating and hot water systems.
Where is this duplex located?
The property is located at 59-43 58th avenue Maspeth, NY.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: Two apartments: one with 2 bedrooms and one with 3 bedrooms; Approximately 2,400 square feet of interior space, including the cellar; 20 x 100 ft lot with a 20 x 40 ft building footprint
