2-Unit Brick
6037 69th Place, Maspeth, NY 11378
For Sale
$1,148,000
Two 2-bedroom residences sit above a finished walk-out basement, with a garage and additional parking.
Property Size2,659 SF
Price / SF$431.74
Days on Market14
Property Features for 6037 69th Place
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
private rear patio
fully finished walk-out basement
Finished,Full,Storage Space,Walk-Out Access
Ceramic Tile,Hardwood,Other
3
No
Yes
4
First Floor Bedroom,First Floor Full Bath,Ceiling Fan(s),Crown Molding,Eat-in Kitchen,Entrance Foyer,Granite Counters,Kitchen Island,Open Floorplan,Open Kitchen,Recessed Lighting,Washer/Dryer Hookup
Finished, Full, Storage Space, Walk-Out Access
Light Fixtures,Appliances
Public
Alley Access, Carport, Covered, On Street
Municipal
2659
Public Maintained Road
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
(516) 703-2918
Listed By:
Josephine Nicolosi
Source:
Hedgestonehomes
Added: Oct 26
Changed: Nov 7
Last Checked: Nov 7 at 8:00AM
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 Josephine Nicolosi
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Investment Insights
Based on property information with market context.
Built in 1955, this brick duplex contains two residences, each with 2 bedrooms and 1 bathroom. Interior features include hardwood and ceramic tile flooring, granite counters, kitchen islands, and open kitchens. A finished basement with walk-out access adds storage and flexible interior space.
Outdoor features include a private rear patio, a one-car garage, and space for up to two vehicles in addition to the garage. The property is on 69th Place in Maspeth, Queens.
Outdoor features include a private rear patio, a one-car garage, and space for up to two vehicles in addition to the garage. The property is on 69th Place in Maspeth, Queens.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- Finished walk‑out basement with storage space
- Brick construction; built in 1955
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,998
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,299,960
$1.3M
Cap Rate 7%
$928,543
$928.5K
Cap Rate 9%
$722,200
$722.2K
Market Conditions
NOI Build-Up for 2,659 SF
Gross rent
$122.8K $46.20/SF
− Vacancy
−$4.7K −$1.76/SF
EGI
$118.2K $44.44/SF
− OpEx
−$53.2K −$20.00/SF
NOI
$65.0K $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%
$1,299,960
Cap Rate 7%
$928,543
Cap Rate 9%
$722,200
Alternative Uses
Best Use
Apartment 5plus
$928.5K
$812.5K – $1.08M
NOI $64,998 @ 7.0% cap · market cap 5.66%
Second Best
Multifamily LT 5
$628.7K
$550.1K – $733.5K
NOI $44,011 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$1.96M
$1.72M – $2.29M
NOI $137,217 @ 7.0% cap · market cap 11.95%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,323
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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Market
Properties on Market for Duplexes in Maspeth
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two 2-bedroom residences sit above a finished walk-out basement, with a garage and additional parking.
Where is this duplex located?
The property is located at 6037 69th Place Maspeth, NY.
What is the asking price?
The asking price for this property is $1,148,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; Finished walk‑out basement with storage space; Brick construction; built in 1955
