Semi-Detached Two-Family
60-16 69th Place Maspeth, NY 11378
60-16 69th Place, Maspeth, NY, 11378
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For Sale
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Two 2-bedroom apartments plus an unfinished basement with separate outside entrance, featuring updated gas heat and a replaced roof.
Property Size2,900 SF
Lot Size0.07 Acres
Price / SF$396.55
Days on Market37
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 Agency
LANDMARK INTERNATIONAL REAL ESTATE GROUP LLC
Listed by
Lucy Lu
Source
Crexi
Added: Jun 15 Updated: Jul 10 at 2:01 pm Checked: Jul 20 at 2:55 am
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
Investment Insights
Based on property information with market context.
This semi-detached two-family home is arranged with two separate 2-bedroom apartments. The property also includes a full-sized, unfinished basement with a separate outside entrance, offering additional flexibility for storage, workshop use, or future finishing. Interior systems include updated gas heat, and the roof has been recently replaced. Additional improvements include the practical benefits of private off-street access, along with a garage and a spacious backyard for day-to-day utility.
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.
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.
Key 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
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 |
2,900 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$886.1K – $1.18M
NOI $70,889 @ 7.0% cap · market cap 6.16%
Second Best
Multifamily LT 5
$685.7K
$600.0K – $800.0K
NOI $48,000 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$2.14M
$1.87M – $2.49M
NOI $149,654 @ 7.0% cap · market cap 13.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two 2-bedroom apartments plus an unfinished basement with separate outside entrance, featuring updated gas heat and a replaced roof.
Where is this duplex located?
The property is located at 60-16 69th Place Maspeth, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 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
