Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Maspeth Multifamily Pre-War Property Title is generated by Realmo AI

    60-64 54th Place, Maspeth, NY 11378

    View on Map
    Claim this Listing
    For Sale
    $1,575,000

    MULTI_FAMILY - Maspeth, NY

    Lot size:
    0.06 Acres
    Added:
    Dec 18, 2025
    Days on Market:
    146
    Last Refresh:
    May 13 at 6:06 am

    Property Features for 60-64 54th Place

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Bedroom 4, Bathroom 3, Bedroom 2, Bathroom 1, Bathroom 4, Bedroom 1, Bathroom 2, Bedroom 3, Basement
    Parking features
    On Street
    Interior features
    First Floor Bedroom, Eat-in Kitchen, Washer/Dryer Hookup
    Standard status
    Active
    APN
    02637-0021
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    9467

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Water source
    Public

    Building Details

    Year built
    1915
    Number of units
    4
    Building materials
    Frame

    We can help!

    Listing Contact
    Patricia Baron CBR SFR

    Listing agent Patricia Baron CBR SFR

    Listing office Signature Premier Properties 1867 Wantagh Ave, Huntington, NY

    Listing date Dec 18, 2025

    MLS# 943859 Listing URL

    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.

    HighLights

    • Delivered Vacant: All 4 units delivered vacant, offering immediate potential.
    • Prime Location: Convenient access to transportation and Manhattan.
    • Pre‑War Property: Semi‑detached pre‑war building with unique architectural character.
    • Four‑Family Dwelling: Legally a 4‑family dwelling.
    • Full Size Basement: Includes a full‑size basement with an outside entrance.
    • Each unit includes washer/dryer hookups.

    Overview

    This semi-detached, pre-war, four-family property is located in Maspeth, Queens. The property is situated 4.5 miles from the Midtown Tunnel, 6.2 miles from the 59th Street Bridge, 4.6 miles from the Williamsburg Bridge, and 1 mile from the M Train. The property will be delivered vacant upon closing. It features four 'railroad' style units, each including a kitchen, living room, office (or bonus room), bedroom, and bathroom. The property also has a full-size basement with an outside entrance. The property is being sold 'As Is, Where Is'. The lot size is 0.0574 acres. The property is classified as a four-family dwelling with four apartments per the Certificate of Occupancy SEARCH. Room count is provided for descriptive purposes only, layout differs from modern standards and buyers must verify the intended use with the NYCDOB.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Maspeth
    County
    Queens
    State
    New York
    Longitude
    -73.911145
    Latitude
    40.714129

    Nearby Similar for Sale

    • $1,980,000
      1,200 SF

      New Maspeth Two-Family Brick Home

      New construction two-family home in prime Maspeth location.
      52-41 72nd Place, Maspeth, NY 11378
      View Details
    • $1,980,000
      1,200 SF

      New Two-Family Home in Maspeth

      New construction two-family home near Elmhurst with investment potential.
      52-43 72nd Place, Maspeth, NY 11378
      View Details
    • $1,480,000
      1,183 SF

      Maspeth Two-Family Home For Sale

      Detached, well-maintained two-family home in Maspeth, Queens.
      5907 59th Drive, Maspeth, NY 11378
      View Details
    • $800,000

      Two-Family Home in Maspeth, NY

      Two-family home with potential for end-users and investors.
      6074 54th Place, Maspeth, NY 11378
      View Details
    • $900,000

      Updated Two-Family Home in Maspeth

      Updated two-family home with great proximity to Manhattan.
      5936 69th Place, Maspeth, NY 11378
      View Details
    • $1,088,000
      2,160 SF

      Maspeth Two-Family Home with Garage

      Well-maintained two-family home with strong rental income potential.
      5436 Nurge Avenue, Maspeth, NY 11378
      View Details
    • $1,350,000
      1,985 SF

      Renovated Maspeth Multi-Family Home

      Fully renovated 2-family home in Maspeth with finished basement.
      68-02 Jay Avenue, Maspeth, NY 11378
      View Details
    • $1,449,000
      3,000 SF

      Maspeth Three-Family Brick Home

      Newer construction three-family home in prime Maspeth location.
      72-20 CALDWELL AVENUE, Maspeth, NY 11378
      View Details
    • $980,000

      Maspeth Multi-Family Home For Sale

      Three-level home with versatile layout, ideal for multi-generational living.
      65-22 Jay Avenue, Maspeth, NY 11378
      View Details
    • $849,000

      Maspeth Mixed-Use Property with Garage

      Versatile property with apartments, office, and garage in Maspeth.
      5755 58th Street, Maspeth, NY 11378
      View Details
    • $1,138,000

      Maspeth Two-Family House

      Two-family house in Maspeth, each unit with three bedrooms.
      6911 58th Road, Maspeth, NY 11378
      View Details
    • $1,599,999

      Renovated 4-Family Property in Maspeth

      Renovated 4-family property with modern finishes and strong rental income.
      6014 56th Avenue, Maspeth, NY 11378
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four-family, semi-detached property near transportation, delivered vacant.
    Where is this quadplex located?
    The property is located at 60-64 54th Place Maspeth, NY.
    What is the asking price?
    The asking price for this property is $1,575,000.
    What are key features of this property?
    This property features: Delivered Vacant: All 4 units delivered vacant, offering immediate potential.; Prime Location: Convenient access to transportation and Manhattan.; Pre‑War Property: Semi‑detached pre‑war building with unique architectural character.
    (516) 220-6417
    We can help!
    Listing Contact
    Patricia Baron CBR SFR
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    60-64 54th Place, Maspeth, NY 11378
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!