Duplex with Private
For Sale
$899,000
61-28 56th Avenue, Maspeth, NY 11378
Both residences are vacant, with one- and two-bedroom layouts.
Property Size1,750 SF
Days on Market9
Property Features for 61-28 56th Avenue
General Information
Standard status
Active
Size
1,750 SF
Property subtype
Duplex
Units
Unit Mix
1 x 1BR, 1 x 2BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,299
Amenities
garage
driveway
Building Details
Building Size
1,750 SF
Year Built
1920
Buildings
1
Listing Agency:
Keller Williams Landmark II
Listed By:
Elaine Roy · License #1009411
(929) 712-0492
Source:
Serhant
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 6:12PM
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 Landmark II
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Investment Insights
Based on property information with market context.
Built in 1920, this duplex contains two separate residences. The upper apartment has one bedroom and an eat-in kitchen; the lower apartment offers two bedrooms. Both units are vacant. A private garage and driveway provide off-street parking.
The property is in Maspeth, Queens, near local shops, restaurants, parks, and everyday services. The Q39 bus provides connections to Long Island City, while the M subway line is available at Metropolitan Avenue. Nearby educational options include P.S. 153 Maspeth, I.S. 73 Frank Sansivieri, John Paul II Polish Supplementary School, and Mosaic Pre-K Center.
The property is in Maspeth, Queens, near local shops, restaurants, parks, and everyday services. The Q39 bus provides connections to Long Island City, while the M subway line is available at Metropolitan Avenue. Nearby educational options include P.S. 153 Maspeth, I.S. 73 Frank Sansivieri, John Paul II Polish Supplementary School, and Mosaic Pre-K Center.
Key Highlights
- Two residences, both delivered vacant
- Upper unit has one bedroom and an eat‑in kitchen
- Lower unit has two bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,778
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$855,560
$855.6K
Cap Rate 7%
$611,114
$611.1K
Cap Rate 9%
$475,311
$475.3K
Market Conditions
NOI Build-Up for 1,750 SF
Gross rent
$80.9K $46.20/SF
− Vacancy
−$3.1K −$1.76/SF
EGI
$77.8K $44.44/SF
− OpEx
−$35.0K −$20.00/SF
NOI
$42.8K $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%
$855,560
Cap Rate 7%
$611,114
Cap Rate 9%
$475,311
Alternative Uses
Best Use
Apartment 5plus
$611.1K
$534.7K – $713.0K
NOI $42,778 @ 7.0% cap · market cap 4.76%
Second Best
Multifamily LT 5
$413.8K
$362.1K – $482.8K
NOI $28,965 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,308 @ 7.0% cap · market cap 10.05%
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
1,529
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 - Both residences are vacant, with one- and two-bedroom layouts.
Where is this duplex located?
The property is located at 61-28 56th Avenue Maspeth, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two residences, both delivered vacant; Upper unit has one bedroom and an eat‑in kitchen; Lower unit has two bedrooms
