Two-Unit Duplex with Private
6147 56th Avenue, Maspeth, NY 11378
For Sale
$1,490,000
Two separately configured apartments sit above a finished basement, with rear parking and independent mechanical systems.
Property Size2,196 SF
Price / SF$678.51
Days on Market60
Property Features for 6147 56th Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Sprinkler System
Taxes and HOA fees
Annual Taxes
Amenities
laundry room
First Floor Bedroom
First Floor Full Bath
Chefs Kitchen
Crown Molding
Eat-in Kitchen
ENERGY STAR Qualified Door(s)
Galley Type Kitchen
In-Law Floorplan
Kitchen Island
Natural Woodwork
Open Floorplan
Open Kitchen
Primary Bathroom
Quartz/Quartzite Counters
Washer/Dryer Hookup
Building Details
Building Size
Year Built
Buildings
Units
Construction
Listing Agency:
Sweet Key Realty Group Inc
Listed By:
Qun D. Lin · License #10401254850
(347) 323-2443
Source:
Croninreale
Added: Sep 10
Changed: Nov 7
Last Checked: Nov 7 at 6:08PM
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 Sweet Key Realty Group Inc
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.
This brick duplex in Maspeth contains two apartments with matching layouts, one on each of the first and second floors. Each has 3 bedrooms, 2 full bathrooms, high ceilings, hardwood flooring, and a contemporary kitchen with stainless steel appliances. A finished basement has its own entrance, and a separate laundry room serves the property. Mini-split HVAC systems provide climate control throughout, while heated tile floors and an automatic fire sprinkler system are additional building features.
A shared driveway leads to 2 private parking spaces at the rear. The Q58 bus route provides service to Main Street in Flushing. Tenants pay all utilities.
A shared driveway leads to 2 private parking spaces at the rear. The Q58 bus route provides service to Main Street in Flushing. Tenants pay all utilities.
Key Highlights
- Two apartments, each with 3 bedrooms and 2 full bathrooms
- Finished basement with separate entrance and dedicated laundry room
- 2 private parking spaces accessed by a shared driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,680
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,073,600
$1.1M
Cap Rate 7%
$766,857
$766.9K
Cap Rate 9%
$596,444
$596.4K
Market Conditions
NOI Build-Up for 2,196 SF
Gross rent
$101.5K $46.20/SF
− Vacancy
−$3.9K −$1.76/SF
EGI
$97.6K $44.44/SF
− OpEx
−$43.9K −$20.00/SF
NOI
$53.7K $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%
$1,073,600
Cap Rate 7%
$766,857
Cap Rate 9%
$596,444
Alternative Uses
Best Use
Apartment 5plus
$766.9K
$671.0K – $894.7K
NOI $53,680 @ 7.0% cap · market cap 3.60%
Second Best
Multifamily LT 5
$519.2K
$454.3K – $605.8K
NOI $36,347 @ 7.0% cap · market cap 2.44%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,324 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,990
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
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 separately configured apartments sit above a finished basement, with rear parking and independent mechanical systems.
Where is this duplex located?
The property is located at 6147 56th Avenue Maspeth, NY.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: Two apartments, each with 3 bedrooms and 2 full bathrooms; Finished basement with separate entrance and dedicated laundry room; 2 private parking spaces accessed by a shared driveway
