Duplex with Finished
New
For Sale
$775,000
6112 56th Drive, Maspeth, NY 11378
A legal two-family home currently arranged as a single residence, with three bedrooms and two bathrooms.
Property Size1,152 SF
Lot Size0.05 Acres
Price / SF$672.74
Days on Market3
Property Features for 6112 56th Drive
General Information
Standard status
Active
Size
1,152 SF
Lot size
0.05 Acres
Property subtype
Residential Income
Zoning
R4-1
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,888
Amenities
wall-to-wall carpeting
skylight
washer and dryer
wall A/C units
finished basement
front yard
Eat-in Kitchen
Washer/Dryer Hookup
Building Details
Building Size
1,152 SF
Year Built
1930
Buildings
1
Units
2
Construction
frame
Listing Agency:
Capri Jet Realty Corp
Listed By:
Anetta Wojtasiewicz
(347) 882-6469
Source:
Georgemcknight
Added: Oct 23
Changed: Oct 24
Last Checked: Oct 24 at 2:50PM
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 Capri Jet Realty Corp
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Investment Insights
Based on property information with market context.
This 1930-built duplex has 1,152 square feet and is configured as a single residence with 3 bedrooms, 2 bathrooms and 8 rooms. A finished basement adds usable interior space. The home includes a skylight, wall-mounted air-conditioning units, forced-air heat, and a washer and dryer. It is described as livable and has a front yard; parking is on the street.
The building measures 18 x 21 feet on a 20.33 x 100-foot lot. The property is zoned R4-1, with a 0.57 FAR and a stated maximum FAR of 1. It is located in Maspeth, New York.
The building measures 18 x 21 feet on a 20.33 x 100-foot lot. The property is zoned R4-1, with a 0.57 FAR and a stated maximum FAR of 1. It is located in Maspeth, New York.
Key Highlights
- Legal two‑family property currently configured as a single residence
- 3 bedrooms, 2 bathrooms and 8 rooms
- 1,152 square feet; finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,160
Cap Rate
3.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$563,200
$563.2K
Cap Rate 7%
$402,286
$402.3K
Cap Rate 9%
$312,889
$312.9K
Market Conditions
NOI Build-Up for 1,152 SF
Gross rent
$53.2K $46.20/SF
− Vacancy
−$2.0K −$1.76/SF
EGI
$51.2K $44.44/SF
− OpEx
−$23.0K −$20.00/SF
NOI
$28.2K $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%
$563,200
Cap Rate 7%
$402,286
Cap Rate 9%
$312,889
Alternative Uses
Best Use
Apartment 5plus
$402.3K
$352.0K – $469.3K
NOI $28,160 @ 7.0% cap · market cap 3.63%
Second Best
Multifamily LT 5
$272.4K
$238.3K – $317.8K
NOI $19,067 @ 7.0% cap · market cap 2.46%
Theoretical Best
Office A
$849.3K
$743.1K – $990.8K
NOI $59,449 @ 7.0% cap · market cap 7.67%
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
1,990
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 - A legal two-family home currently arranged as a single residence, with three bedrooms and two bathrooms.
Where is this duplex located?
The property is located at 6112 56th Drive Maspeth, NY.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Legal two‑family property currently configured as a single residence; 3 bedrooms, 2 bathrooms and 8 rooms; 1,152 square feet; finished basement
