Two-Family Duplex with
New
For Sale
$958,000
5942 58th Road, Maspeth, NY 11378
MULTI_FAMILY - Maspeth, NY
Property Size1,836 SF
Lot Size0.05 Acres
Price / SF$521.79
Days on Market6
Property Features for 5942 58th Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
Driveway, Garage
Interior features
First Floor Bedroom
Basement
Walk-Out Access
Elementary school
Ps 154
Middle school
Is 73 Frank Sansivieri Intermediate School (The)
High school
Grover Cleveland High School
Elementary school district
Queens 25
Middle school district
Queens24
High school district
Queens24
Standard status
Active
APN
02698-0031
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6518
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1920
Number of units
2
Building materials
Frame
Listing Agency:
EXP Realty
(888) 276-0630
Listed By:
Jinping Lin
(917) 655-9408
Added: Aug 3
Changed: Aug 5
Last Checked: Aug 8 at 6:06PM
MLS# 1034976
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.
Investment Insights
Based on property information with market context.
This legal two-family duplex is a semi-attached, two-story residential property offering approximately 1,836 square feet of living space. The layout includes a first-floor bedroom and basement, with frame construction dating to 1920. The property requires renovation and is being offered strictly as-is.
The approximately 22-by-101-foot lot includes a shared driveway leading to a two-car garage. Public water and sewer serve the property, while heating is provided by natural gas. Cooling is provided through wall or window units. Located in Maspeth, Queens, the property is identified as a duplex and residential income asset.
The approximately 22-by-101-foot lot includes a shared driveway leading to a two-car garage. Public water and sewer serve the property, while heating is provided by natural gas. Cooling is provided through wall or window units. Located in Maspeth, Queens, the property is identified as a duplex and residential income asset.
Key Highlights
- Legal two‑family duplex with approximately 1,836 square feet of living space
- Approximately 22 x 101 lot with shared driveway
- Two‑car garage accessed from the shared driveway
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
$44,880
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
4.68%
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%
$897,600
$897.6K
Cap Rate 7%
$641,143
$641.1K
Cap Rate 9%
$498,667
$498.7K
Market Conditions
NOI Build-Up for 1,836 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
$84.8K $46.20/SF
− Vacancy
−$3.2K −$1.76/SF
EGI
$81.6K $44.44/SF
− OpEx
−$36.7K −$20.00/SF
NOI
$44.9K $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%
$897,600
Cap Rate 7%
$641,143
Cap Rate 9%
$498,667
Alternative Uses
Best Use
Apartment 5plus
$641.1K
$561.0K – $748.0K
NOI $44,880 @ 7.0% cap · market cap 4.68%
Second Best
Multifamily LT 5
$434.1K
$379.9K – $506.5K
NOI $30,389 @ 7.0% cap · market cap 3.17%
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,746 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
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
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 - Semi-attached residential property with a shared driveway, basement, and first-floor bedroom.
Where is this duplex located?
The property is located at 5942 58th Road Maspeth, NY.
What is the asking price?
The asking price for this property is $958,000.
What are key features of this property?
This property features: Legal two‑family duplex with approximately 1,836 square feet of living space; Approximately 22 x 101 lot with shared driveway; Two‑car garage accessed from the shared driveway
