Duplex with Finished Walk-Out
For Sale
$1,175,000
Pending
6037 69th Place, Maspeth, NY 11378
Two residential units are complemented by a finished lower level, rear patio, and garage.
Property Size2,659 SF
Days on Market9
Property Features for 6037 69th Place
General Information
Standard status
Pending
Size
2,659 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,484
Amenities
private rear patio
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
2,659 SF
Year Built
1955
Buildings
1
Construction
brick
Listing Agency:
Keller Williams Realty Group
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 4:10PM
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 Keller Williams Realty Group
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Investment Insights
Based on property information with market context.
This brick duplex at 6037 69th Place in Maspeth contains two residences, each with 2 bedrooms and 1 bathroom. A finished walk-out basement adds flexible interior space, and the property also includes a rear patio and a one-car garage. The building dates to 1955.
Interior features include hardwood and ceramic tile, granite counters, a kitchen island, recessed lighting, and washer/dryer hookups. The first-floor bedroom and full bath are additional features. Off-street parking for up to two vehicles is also noted, alongside the garage.
Interior features include hardwood and ceramic tile, granite counters, a kitchen island, recessed lighting, and washer/dryer hookups. The first-floor bedroom and full bath are additional features. Off-street parking for up to two vehicles is also noted, alongside the garage.
Key Highlights
- Two residences, each configured with 2 bedrooms and 1 bathroom
- Finished walk‑out basement with storage space
- One‑car garage and off‑street parking for up to two vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,998
Cap Rate
5.53%
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 5.53%
Second Best
Multifamily LT 5
$628.7K
$550.1K – $733.5K
NOI $44,011 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$1.96M
$1.72M – $2.29M
NOI $137,217 @ 7.0% cap · market cap 11.68%
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units are complemented by a finished lower level, rear patio, and garage.
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 $1,175,000.
What are key features of this property?
This property features: Two residences, each configured with 2 bedrooms and 1 bathroom; Finished walk‑out basement with storage space; One‑car garage and off‑street parking for up to two vehicles
