Two-Unit Duplex with
6074 Fresh Pond Road, Maspeth, NY 11378
For Sale
$1,189,000
Two three-bedroom residences are tenant-occupied and include private driveway and garage parking.
Property Size2,160 SF
Days on Market17
Property Features for 6074 Fresh Pond Road
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Road Access
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Concrete Jungle NYC Realty
Listed By:
Dominico Pedone
(347) 242-0937
Source:
Serhant
Added: Oct 23
Changed: Nov 7
Last Checked: Nov 7 at 5:16PM
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 Concrete Jungle NYC Realty
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Investment Insights
Based on property information with market context.
Built in 1920, this duplex contains two three-bedroom apartments. Both residences are occupied by tenants, and the property includes a private driveway and garage for off-street parking.
The home is on Fresh Pond Road in Maspeth, near shopping, restaurants, schools, and public transportation.
The home is on Fresh Pond Road in Maspeth, near shopping, restaurants, schools, and public transportation.
Key Highlights
- Two three‑bedroom apartments in a duplex
- Built in 1920
- Occupied by rent‑paying tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,800
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,056,000
$1.1M
Cap Rate 7%
$754,286
$754.3K
Cap Rate 9%
$586,667
$586.7K
Market Conditions
NOI Build-Up for 2,160 SF
Gross rent
$99.8K $46.20/SF
− Vacancy
−$3.8K −$1.76/SF
EGI
$96.0K $44.44/SF
− OpEx
−$43.2K −$20.00/SF
NOI
$52.8K $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%
$1,056,000
Cap Rate 7%
$754,286
Cap Rate 9%
$586,667
Alternative Uses
Best Use
Apartment 5plus
$754.3K
$660.0K – $880.0K
NOI $52,800 @ 7.0% cap · market cap 4.44%
Second Best
Multifamily LT 5
$510.7K
$446.9K – $595.9K
NOI $35,751 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,466 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,232
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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Cap Rate, Value Estimation, Potential NOI and more
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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 three-bedroom residences are tenant-occupied and include private driveway and garage parking.
Where is this duplex located?
The property is located at 6074 Fresh Pond Road Maspeth, NY.
What is the asking price?
The asking price for this property is $1,189,000.
What are key features of this property?
This property features: Two three‑bedroom apartments in a duplex; Built in 1920; Occupied by rent‑paying tenants
