Three-Unit Brick
New
For Sale
$1,458,000
61-49 Grand Avenue, Maspeth, NY 11378
Three separate residences feature individual utility systems, with off-street parking provided by an attached garage and private driveway.
Property Size2,905 SF
Price / SF$501.89
Days on Market3
Property Features for 61-49 Grand Avenue
General Information
Standard status
Active
Size
2,905 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 1BR, 2 x 2BR
Multifamily Units
3
Individually Metered Utilities
gas, electricity
Taxes and HOA fees
Annual Taxes
$10,384
Amenities
First Floor Bedroom
First Floor Full Bath
Formal Dining
Granite Counters
Open Floorplan
Primary Bathroom
Stone Counters
Tray Ceiling(s)
Awning(s)
Rain Gutters
Building Details
Building Size
2,905 SF
Year Built
2007
Buildings
1
Stories
3
Units
3
Construction
brick
Listing Agency:
RE/MAX 1st Choice
Listed By:
Po Wei Tair · License #7.51E+13
(718) 279-8686
Source:
Georgemcknight
Added: Oct 23
Last Checked: Oct 23 at 4:05PM
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 RE/MAX 1st Choice
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2007, this legal three-family brick property contains 2,905 square feet. The first-floor residence has one bedroom; the upper two units each have two bedrooms, dining rooms, and en suite half baths. Wood floors, granite counters, stainless steel appliances, and closet storage are noted throughout the units.
Each residence has its own gas and electric meter, heating unit, and hot water heater. An attached garage and private driveway provide off-street parking. The full basement has a separate entrance and walk-out access.
Each residence has its own gas and electric meter, heating unit, and hot water heater. An attached garage and private driveway provide off-street parking. The full basement has a separate entrance and walk-out access.
Key Highlights
- Legal three‑family property with 2,905 square feet
- Built in 2007 with brick construction
- Unit mix: one one‑bedroom residence and two two‑bedroom residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,011
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,420,220
$1.4M
Cap Rate 7%
$1,014,443
$1.0M
Cap Rate 9%
$789,011
$789.0K
Market Conditions
NOI Build-Up for 2,905 SF
Gross rent
$134.2K $46.20/SF
− Vacancy
−$5.1K −$1.76/SF
EGI
$129.1K $44.44/SF
− OpEx
−$58.1K −$20.00/SF
NOI
$71.0K $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%
$1,420,220
Cap Rate 7%
$1,014,443
Cap Rate 9%
$789,011
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$887.6K – $1.18M
NOI $71,011 @ 7.0% cap · market cap 4.87%
Second Best
Multifamily LT 5
$686.9K
$601.0K – $801.4K
NOI $48,082 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$2.14M
$1.87M – $2.50M
NOI $149,912 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,966
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate residences feature individual utility systems, with off-street parking provided by an attached garage and private driveway.
Where is this triplex located?
The property is located at 61-49 Grand Avenue Maspeth, NY.
What is the asking price?
The asking price for this property is $1,458,000.
What are key features of this property?
This property features: Legal three‑family property with 2,905 square feet; Built in 2007 with brick construction; Unit mix: one one‑bedroom residence and two two‑bedroom residences
