Renovated 4-Family Quadplex with Modern
For Sale
$1,599,999
6014 56th Avenue, Maspeth, NY 11378
Renovated quadplex with four two-bedroom units featuring hardwood floors, stainless steel appliances, and major 2025 exterior and system upgrades.
Days on Market118
Property Features for 6014 56th Avenue
General Information
Standard status
Active
Property subtype
Quadruplex
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Building Details
Building Size
2,500 SF
Year Built
1915
Year Renovated
2025
Listing Agency:
Realty Masters International
(516) 481-6005
Listed By:
Argelia M. Gonzalez
Source:
Serhant
Added: Apr 6
Changed: Jul 31
Last Checked: Aug 1 at 10:40AM
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 Realty Masters International
Investment Insights
Based on property information with market context.
Renovated for modern living, this 4-family quadplex was redesigned in 2025 and offers four spacious units, each with two bedrooms and one full bathroom. Inside, you’ll find hardwood floors throughout and updated kitchens with contemporary cabinetry and sleek stainless steel appliances. The units have been refreshed with a clean, modern aesthetic intended to appeal to today’s tenants.
Major improvements include brand new electrical systems, a newly installed roof, updated siding, and new windows throughout. Additional comfort and efficiency come from energy-efficient Navien tankless water heaters.
Built in 1915, the property is positioned near major highways and close to the city, supporting convenient commuting and strong everyday accessibility for residents.
Major improvements include brand new electrical systems, a newly installed roof, updated siding, and new windows throughout. Additional comfort and efficiency come from energy-efficient Navien tankless water heaters.
Built in 1915, the property is positioned near major highways and close to the city, supporting convenient commuting and strong everyday accessibility for residents.
Key Highlights
- 2025 redesign with four two‑bedroom, one full‑bath units
- Hardwood floors and updated kitchens with stainless steel appliances
- Brand new electrical systems
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 | $115.5k | $46.20 |
| − Vacancy | −$4.4k | −$1.76 |
| EGI | $111.1k | $44.44 |
| − OpEx | −$50.0k | −$20.00 |
| NOI | $61.1k | $24.44 |
2,500 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$873.0K
$763.9K – $1.02M
NOI $61,111 @ 7.0% cap · market cap 3.82%
Second Best
Multifamily LT 5
$591.1K
$517.2K – $689.7K
NOI $41,379 @ 7.0% cap · market cap 2.59%
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $129,012 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,773
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Renovated quadplex with four two-bedroom units featuring hardwood floors, stainless steel appliances, and major 2025 exterior and system upgrades.
Where is this quadplex located?
The property is located at 6014 56th Avenue Maspeth, NY.
What is the asking price?
The asking price for this property is $1,599,999.
What are key features of this property?
This property features: 2025 redesign with four two‑bedroom, one full‑bath units; Hardwood floors and updated kitchens with stainless steel appliances; Brand new electrical systems
