7-Bedroom
For Sale
$1,438,000
Pending
60-59 69th Street, Maspeth, NY 11378
Detached two-family residence with finished areas and first-floor bedrooms.
Property Size3,546 SF
Days on Market9
Property Features for 60-59 69th Street
General Information
Standard status
Pending
Size
3,546 SF
Property subtype
Residential Income
Additional Details
Road Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,944
Amenities
Finished
4
No
Yes
7
First Floor Bedroom,Eat-in Kitchen
Public
Driveway
3546
Building Details
Building Size
3,546 SF
Year Built
1901
Buildings
1
Listing Agency:
Prospes Real Estate Corp
(516) 703-2918
Listed By:
Donna Francavilla
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 4:26PM
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 Prospes Real Estate Corp
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Investment Insights
Based on property information with market context.
This detached duplex contains two family units and offers 3,546 square feet of space. The layout includes 7 bedrooms and 4 full bathrooms, with finished areas and first-floor bedrooms. Eat-in kitchens are also listed among the interior features.
Built in 1901, the residence has a driveway. Its Maspeth address places it near local shopping, dining, and major transportation.
Built in 1901, the residence has a driveway. Its Maspeth address places it near local shopping, dining, and major transportation.
Key Highlights
- Two‑family detached residence with 3,546 square feet
- 7 bedrooms and 4 full bathrooms
- Finished interior areas and first‑floor bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,680
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,733,600
$1.7M
Cap Rate 7%
$1,238,286
$1.2M
Cap Rate 9%
$963,111
$963.1K
Market Conditions
NOI Build-Up for 3,546 SF
Gross rent
$163.8K $46.20/SF
− Vacancy
−$6.2K −$1.76/SF
EGI
$157.6K $44.44/SF
− OpEx
−$70.9K −$20.00/SF
NOI
$86.7K $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%
$1,733,600
Cap Rate 7%
$1,238,286
Cap Rate 9%
$963,111
Alternative Uses
Best Use
Apartment 5plus
$1.24M
$1.08M – $1.44M
NOI $86,680 @ 7.0% cap · market cap 6.03%
Second Best
Multifamily LT 5
$838.5K
$733.7K – $978.2K
NOI $58,692 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$2.61M
$2.29M – $3.05M
NOI $182,991 @ 7.0% cap · market cap 12.73%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,672
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Detached two-family residence with finished areas and first-floor bedrooms.
Where is this duplex located?
The property is located at 60-59 69th Street Maspeth, NY.
What is the asking price?
The asking price for this property is $1,438,000.
What are key features of this property?
This property features: Two‑family detached residence with 3,546 square feet; 7 bedrooms and 4 full bathrooms; Finished interior areas and first‑floor bedrooms
