Three-Family Home with Finished
For Sale
$1,499,998
6089 54th Street, Maspeth, NY 11378
Three distinct apartments include a recently updated first-floor residence and two upper-level units with separate utilities.
Property Size2,434 SF
Price / SF$616.27
Days on Market9
Property Features for 6089 54th Street
General Information
Standard status
Active
Size
2,434 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$5,332
Amenities
Finished,Walk-Out Access
5
No
Yes
7
First Floor Bedroom,First Floor Full Bath,Eat-in Kitchen
Finished, Walk-Out Access
Fenced
Public
Storm Door(s)
On Street
Mailbox
Other
2434
Building Details
Building Size
2,434 SF
Year Built
1920
Listing Agency:
(516) 703-2918
Listed By:
Josephine Nicolosi
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 4:00PM
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.
This attached, legal three-family property contains a three-bedroom first-floor apartment with a home office, one and a half bathrooms, and a renovated kitchen with stainless steel appliances. The unit, updated in summer 2024, has private access to a fenced backyard and patio. Two additional apartments, each with two bedrooms, occupy the upper floor; they have separate utilities, and one is vacant. The finished basement, completed in 2021, has two rooms, a separate entrance, ductless climate control, laundry equipment, and two exits.
Owned solar panels and air humidifiers in all three apartments are among the property’s additional features. The exterior has NewTechWood composite siding, and multiple exits are present. Public transportation is nearby, with access to Manhattan. The property is offered in as-is condition.
Owned solar panels and air humidifiers in all three apartments are among the property’s additional features. The exterior has NewTechWood composite siding, and multiple exits are present. Public transportation is nearby, with access to Manhattan. The property is offered in as-is condition.
Key Highlights
- Legal attached three‑family property with three separate apartments
- First‑floor apartment renovated in summer 2024; includes 3 bedrooms, a home office, and 1.5 bathrooms
- Two upper‑floor apartments each have 2 bedrooms and separate utilities; one unit is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,498
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,189,960
$1.2M
Cap Rate 7%
$849,971
$850.0K
Cap Rate 9%
$661,089
$661.1K
Market Conditions
NOI Build-Up for 2,434 SF
Gross rent
$112.5K $46.20/SF
− Vacancy
−$4.3K −$1.76/SF
EGI
$108.2K $44.44/SF
− OpEx
−$48.7K −$20.00/SF
NOI
$59.5K $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%
$1,189,960
Cap Rate 7%
$849,971
Cap Rate 9%
$661,089
Alternative Uses
Best Use
Apartment 5plus
$850.0K
$743.7K – $991.6K
NOI $59,498 @ 7.0% cap · market cap 3.97%
Second Best
Multifamily LT 5
$575.5K
$503.6K – $671.5K
NOI $40,287 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,606 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,766
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?
Triplex - Three distinct apartments include a recently updated first-floor residence and two upper-level units with separate utilities.
Where is this triplex located?
The property is located at 6089 54th Street Maspeth, NY.
What is the asking price?
The asking price for this property is $1,499,998.
What are key features of this property?
This property features: Legal attached three‑family property with three separate apartments; First‑floor apartment renovated in summer 2024; includes 3 bedrooms, a home office, and 1.5 bathrooms; Two upper‑floor apartments each have 2 bedrooms and separate utilities; one unit is vacant
