Four-Unit Brick Apartment
For Sale
$1,550,000
Pending
60-58 60th Road, Maspeth, NY 11378
The unit mix includes three two-bedroom apartments and one one-bedroom apartment, with a full basement and private backyard.
Property Size2,500 SF
Lot Size0.06 Acres
Days on Market9
Property Features for 60-58 60th Road
General Information
Standard status
Pending
Size
2,500 SF
Lot size
0.06 Acres
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
3 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
4
Individually Metered Utilities
electricity, gas
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$13,767
Amenities
private backyard
recreation space
storage
laundry
Finished,Full,Storage Space
Hardwood
4
Yes
7
Eat-in Kitchen,Other,Walk-In Closet(s)
Finished, Full, Storage Space
Public
No
On Street
Other
Brick/Mortar
Building Details
Year Built
1915
Buildings
1
Construction
solid brick
Tenancy
Multi
Listing Agency:
(516) 703-2918
Listed By:
John Taylor
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 4:30PM
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 John Taylor
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Investment Insights
Based on property information with market context.
This 1915 brick multifamily property in Maspeth contains four apartments: three with two bedrooms and one with a single bedroom. The 25-by-100-foot lot includes a private backyard, and the building has a full basement with recreation, storage, laundry, and utility areas. Individual washers and dryers are located in the basement, and each apartment has separate gas and electric meters, with tenants paying those utilities.
The property is occupied by month-to-month tenants and may also be delivered vacant. Building updates include a gas furnace installed in November 2022, a roof replaced in 2013, and a hot water heater updated in 2025.
The property is occupied by month-to-month tenants and may also be delivered vacant. Building updates include a gas furnace installed in November 2022, a roof replaced in 2013, and a hot water heater updated in 2025.
Key Highlights
- Four apartments: three two‑bedroom, one‑bath units and one one‑bedroom, one‑bath unit
- 25 x 100 lot
- Full basement with recreation, storage, laundry, and utility areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,111
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,222,220
$1.2M
Cap Rate 7%
$873,014
$873.0K
Cap Rate 9%
$679,011
$679.0K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$115.5K $46.20/SF
− Vacancy
−$4.4K −$1.76/SF
EGI
$111.1K $44.44/SF
− OpEx
−$50.0K −$20.00/SF
NOI
$61.1K $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 Rate 5%
$1,222,220
Cap Rate 7%
$873,014
Cap Rate 9%
$679,011
Alternative Uses
Best Use
Apartment 5plus
$873.0K
$763.9K – $1.02M
NOI $61,111 @ 7.0% cap · market cap 3.94%
Second Best
Multifamily LT 5
$591.1K
$517.2K – $689.7K
NOI $41,379 @ 7.0% cap · market cap 2.67%
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $129,012 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,430
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - The unit mix includes three two-bedroom apartments and one one-bedroom apartment, with a full basement and private backyard.
Where is this quadplex located?
The property is located at 60-58 60th Road Maspeth, NY.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Four apartments: three two‑bedroom, one‑bath units and one one‑bedroom, one‑bath unit; 25 x 100 lot; Full basement with recreation, storage, laundry, and utility areas
