Two-Family Duplex with Finished Lower
For Sale
$1,100,000
Pending
59-82 58th Avenue, Maspeth, NY 11378
Residential Income, Maspeth, NY
Property Size1,668 SF
Lot Size0.06 Acres
Days on Market47
Property Features for 59-82 58th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 5, Bedroom 3, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 2
Subdivision
Flushing
Standard status
Pending
Size
1,668 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
6909
Utilities
Heating system
Natural Gas, Zoned, Steam
Amenities
hardwood floors
finished lower level
in-home washer and dryer
wall/window A/C units
Building Details
Year built
1915
Flooring type
Hardwood
Building materials
Vinyl Siding
Roof type
Asphalt
Listing Agency:
LANDMARK INTERNATIONAL REAL ESTATE GROUP LLC
(917) 530-5075
Listed By:
Lucy Lu
Added: Jul 16
Changed: Aug 29
Last Checked: Aug 31 at 8:06AM
MLS# 11889335
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.
Investment Insights
Based on property information with market context.
This two-family duplex in Maspeth contains 1,668 square feet on a 0.0574-acre lot, with five bedrooms and two full bathrooms. The interior includes hardwood flooring, spacious living areas, and a finished lower level. Vinyl siding and an asphalt roof complete the exterior, while the home has natural gas heating with steam radiators, zoned controls, wall/window A/C units, and an in-home washer and dryer. Built in 1915, the property offers a two-unit residential configuration in Queens.
The home is positioned near shopping, schools, parks, restaurants, public transportation, and major highways. Its Maspeth location provides access to Queens, Brooklyn, and Manhattan.
The home is positioned near shopping, schools, parks, restaurants, public transportation, and major highways. Its Maspeth location provides access to Queens, Brooklyn, and Manhattan.
Key Highlights
- Two‑family duplex with 1,668 square feet of living area
- Five bedrooms and two full bathrooms
- Finished lower level with spacious living areas
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
$40,773
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
3.71%
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%
$815,460
$815.5K
Cap Rate 7%
$582,471
$582.5K
Cap Rate 9%
$453,033
$453.0K
Market Conditions
NOI Build-Up for 1,668 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
$77.1K $46.20/SF
− Vacancy
−$2.9K −$1.76/SF
EGI
$74.1K $44.44/SF
− OpEx
−$33.4K −$20.00/SF
NOI
$40.8K $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%
$815,460
Cap Rate 7%
$582,471
Cap Rate 9%
$453,033
Alternative Uses
Best Use
Apartment 5plus
$582.5K
$509.7K – $679.6K
NOI $40,773 @ 7.0% cap · market cap 3.71%
Second Best
Multifamily LT 5
$394.4K
$345.1K – $460.1K
NOI $27,608 @ 7.0% cap · market cap 2.51%
Theoretical Best
Office A
$1.23M
$1.08M – $1.43M
NOI $86,077 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,130
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 - Maspeth residential property with hardwood interiors, natural gas heating, and in-home laundry.
Where is this duplex located?
The property is located at 59-82 58th Avenue Maspeth, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two‑family duplex with 1,668 square feet of living area; Five bedrooms and two full bathrooms; Finished lower level with spacious living areas
