Brick 3-Unit
New
For Sale
$1,595,000
6154 55th Drive, Maspeth, NY 11378
Renovated residences are occupied and include a finished basement with a separate entrance.
Property Size3,276 SF
Days on Market4
Property Features for 6154 55th Drive
General Information
Standard status
Active
Size
3,276 SF
Property subtype
Triplex
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$9,800
Amenities
full finished basement
separate entrance
private backyard
Building Details
Building Size
3,276 SF
Year Built
1930
Buildings
1
Construction
brick
Listing Agency:
Exit Realty First Choice
Listed By:
Solomon Davydov
(718) 380-2500
Source:
Serhant
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 15 at 2:11AM
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 Exit Realty First Choice
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Investment Insights
Based on property information with market context.
This detached brick triplex contains three renovated, occupied residences. A finished basement with its own entrance and a private backyard add to the property’s existing configuration. The building dates to 1930.
The property is in Maspeth, with a stated 5–7-minute drive to Manhattan. Tenants pay their own electric, gas, and heat costs.
The property is in Maspeth, with a stated 5–7-minute drive to Manhattan. Tenants pay their own electric, gas, and heat costs.
Key Highlights
- Three renovated, occupied residential units
- Detached brick building constructed in 1930
- Finished basement with a separate entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,080
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,601,600
$1.6M
Cap Rate 7%
$1,144,000
$1.1M
Cap Rate 9%
$889,778
$889.8K
Market Conditions
NOI Build-Up for 3,276 SF
Gross rent
$151.4K $46.20/SF
− Vacancy
−$5.8K −$1.76/SF
EGI
$145.6K $44.44/SF
− OpEx
−$65.5K −$20.00/SF
NOI
$80.1K $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%
$1,601,600
Cap Rate 7%
$1,144,000
Cap Rate 9%
$889,778
Alternative Uses
Best Use
Apartment 5plus
$1.14M
$1.00M – $1.33M
NOI $80,080 @ 7.0% cap · market cap 5.02%
Second Best
Multifamily LT 5
$774.6K
$677.8K – $903.7K
NOI $54,223 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$2.42M
$2.11M – $2.82M
NOI $169,057 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,898
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Renovated residences are occupied and include a finished basement with a separate entrance.
Where is this triplex located?
The property is located at 6154 55th Drive Maspeth, NY.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Three renovated, occupied residential units; Detached brick building constructed in 1930; Finished basement with a separate entrance
