Three-Family Home with Finished
For Sale
$1,588,000
64-32 Perry Avenue, Maspeth, NY 11378
MULTI_FAMILY - Maspeth, NY
Property Size2,652 SF
Lot Size0.06 Acres
Price / SF$598.79
Days on Market49
Property Features for 64-32 Perry Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 6, Bathroom 1, Bedroom 2, Bedroom 5, Bathroom 2, Bedroom 4, Bedroom 7, Bedroom 3, Bedroom 1, Bathroom 3
Parking features
Driveway
Interior features
First Floor Bedroom, First Floor Full Bath, Open Floorplan
Exterior features
Balcony
Elementary school
Ps 153 Maspeth Elementary
Middle school
Is 73 Frank Sansivieri Intermediate School (The)
High school
Grover Cleveland High School
Elementary school district
Queens 24
Middle school district
Queens24
High school district
Queens24
Directions
Please refer to Google Maps
Standard status
Active
APN
02716-0024
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
10558
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Natural Gas
Cooling system
Window Unit(s), Multi Units, Wall/Window Unit(s)
Water source
Public
Building Details
Year built
2004
Number of units
3
Building materials
Brick
Listing Agency:
Skylux Realty Inc
(718) 500-2231
Listed By:
Fei Guo · License #10401366341
(516) 587-9113
Added: Jun 29
Changed: Aug 3
Last Checked: Aug 16 at 3:06AM
MLS# 1019901
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Well-maintained three-family home built in 2004, offering approximately 2,652 sq. ft. of living space on a 2,504 sq. ft. lot. The first floor features a two-bedroom, one-bath unit, the second floor offers a three-bedroom, one-bath layout, and the third floor includes a two-bedroom, one-bath unit. An additional finished attic provides flexible bonus space with a one-bedroom, one-bath configuration.
The building has separate utilities, with three gas boilers, three gas meters, and three electric meters. Exterior features include a balcony, and parking is provided via a driveway.
Heating is natural gas with baseboard systems, and cooling is provided by window and wall/window unit(s). Property services include public water and public sewer, supporting day-to-day convenience for residents and long-term usability for an owner-operator or investor.
The building has separate utilities, with three gas boilers, three gas meters, and three electric meters. Exterior features include a balcony, and parking is provided via a driveway.
Heating is natural gas with baseboard systems, and cooling is provided by window and wall/window unit(s). Property services include public water and public sewer, supporting day-to-day convenience for residents and long-term usability for an owner-operator or investor.
Key Highlights
- Built in 2004, three‑family home with approximately 2,652 sq. ft. of living space
- Finished attic adds a one‑bedroom, one‑bath bonus unit
- Unit mix includes a 2‑bedroom/1‑bath, a 3‑bedroom/1‑bath, and a 2‑bedroom/1‑bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$64,827
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,296,540
$1.3M
Cap Rate 7%
$926,100
$926.1K
Cap Rate 9%
$720,300
$720.3K
Market Conditions
NOI Build-Up for 2,652 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$122.5K $46.20/SF
− Vacancy
−$4.7K −$1.76/SF
EGI
$117.9K $44.44/SF
− OpEx
−$53.0K −$20.00/SF
NOI
$64.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,296,540
Cap Rate 7%
$926,100
Cap Rate 9%
$720,300
Alternative Uses
Best Use
Apartment 5plus
$926.1K
$810.3K – $1.08M
NOI $64,827 @ 7.0% cap · market cap 4.08%
Second Best
Multifamily LT 5
$627.1K
$548.7K – $731.6K
NOI $43,895 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$1.96M
$1.71M – $2.28M
NOI $136,856 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained 2004 three-family home with separate utilities and a finished attic bonus unit.
Where is this triplex located?
The property is located at 64-32 Perry Avenue Maspeth, NY.
What is the asking price?
The asking price for this property is $1,588,000.
What are key features of this property?
This property features: Built in 2004, three‑family home with approximately 2,652 sq. ft. of living space; Finished attic adds a one‑bedroom, one‑bath bonus unit; Unit mix includes a 2‑bedroom/1‑bath, a 3‑bedroom/1‑bath, and a 2‑bedroom/1‑bath
