60-16 69th Place, Maspeth, NY 11378
Two 2-bedroom apartments plus an unfinished basement with separate outside entrance, featuring updated gas heat and a replaced roof.
- Added:
- Jun 15, 2026
- Days on Market:
- 7
- Last Refresh:
- Jun 20 at 8:14 am
Property Features for 60-16 69th Place
General Information
- Standard status
- Active
- Size
- 2,900 SF
- Lot size
- 0.07 Acres
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1920
Listing agent Lucy Lu
Listing office LANDMARK INTERNATIONAL REAL ESTATE GROUP LLC
Listing date Jun 15, 2026
Source Crexi
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 LANDMARK INTERNATIONAL REAL ESTATE GROUP LLC
HighLights
- Semi‑detached two‑family home built in 1920
- Two 2‑bedroom apartments plus a full‑sized unfinished basement with a separate outside entrance
- 9' private driveway and spacious backyard
- Updated gas heat and recently replaced roof
- Building size 20' by 40' on a 29' by 100' lot
- Includes a garage; quiet location near shopping and transportation
Overview
Located on 69th Place in Maspeth, the property sits on a 29' by 100' lot with a building footprint of 20' by 40'. The home is described as being in a quiet area and is positioned near shopping and transportation, supporting convenient access for tenants or future occupants.
For buyers seeking a residential income property, the current setup provides two independent 2-bedroom units under one roof, with an unfinished basement that can be utilized immediately due to the separate exterior entrance. Updated heating and a replaced roof help support near-term maintenance planning, while the private driveway, garage, and backyard add everyday value for residents. The overall configuration is well-suited to owner-occupants who want rental income while remaining in a self-contained home setting.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $134.0k | $46.20 |
| − Vacancy | −$5.1k | −$1.76 |
| EGI | $128.9k | $44.44 |
| − OpEx | −$58.0k | −$20.00 |
| NOI | $70.9k | $24.44 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Maspeth
- County
- Queens
- State
- New York
- Longitude
- -73.895374
- Latitude
- 40.735701
