Three-Family Home with Finished
New
For Sale
$1,588,000
64-32 Perry Avenue, Maspeth, NY 11378
Separate gas and electric meters, along with individual gas boilers, serve the building’s residential units.
Property Size2,652 SF
Lot Size0.06 Acres
Price / SF$598.79
Days on Market3
Property Features for 64-32 Perry Avenue
General Information
Standard status
Active
Size
2,652 SF
Lot size
0.06 Acres
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1st floor: 2BR/1BA, 2nd floor: 3BR/1BA, 3rd floor: 2BR/1BA
Multifamily Units
3
Individually Metered Utilities
gas, electricity
Additional Details
Gross Income
$103,200
Taxes and HOA fees
Annual Taxes
$10,558
Amenities
First Floor Bedroom
First Floor Full Bath
Open Floorplan
Balcony
Building Details
Building Size
2,652 SF
Year Built
2004
Buildings
1
Units
3
Listing Agency:
Skylux Realty Inc
Listed By:
Fei Guo · License #10401366341
(516) 587-9113
Source:
Georgemcknight
Added: Oct 23
Changed: Oct 24
Last Checked: Oct 24 at 2:57PM
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 Skylux Realty Inc
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Investment Insights
Based on property information with market context.
Built in 2004, this three-family property contains three apartments: a first-floor unit with 2 bedrooms and 1 bathroom, a second-floor unit with 3 bedrooms and 1 bathroom, and a third-floor unit with 2 bedrooms and 1 bathroom. A finished attic adds a separate 1-bedroom, 1-bathroom bonus area. The building measures 17 by 52 feet and has approximately 2,652 square feet of living space on a 2,504-square-foot lot. Three gas boilers, three gas meters, and three electric meters are in place.
The Maspeth property is near I-495, I-278, the Midtown Tunnel, and major bridges, with access to Manhattan. Nearby transit includes the Q18, Q39, Q47, Q58, and QM24 express bus, as well as connections to the 7, M, and R subway lines. Area destinations include Grand Avenue shopping, Queens Center Mall, Rego Center, Juniper Valley Park, schools, and supermarkets.
The Maspeth property is near I-495, I-278, the Midtown Tunnel, and major bridges, with access to Manhattan. Nearby transit includes the Q18, Q39, Q47, Q58, and QM24 express bus, as well as connections to the 7, M, and R subway lines. Area destinations include Grand Avenue shopping, Queens Center Mall, Rego Center, Juniper Valley Park, schools, and supermarkets.
Key Highlights
- Three apartments: 2‑bedroom/1‑bath, 3‑bedroom/1‑bath, and 2‑bedroom/1‑bath
- Finished attic with an additional 1‑bedroom/1‑bathroom bonus area
- Approximately 2,652 sq. ft. of living space on a 2,504 sq. ft. lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,827
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
3
Residential units
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Separate gas and electric meters, along with individual gas boilers, serve the building’s residential units.
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: Three apartments: 2‑bedroom/1‑bath, 3‑bedroom/1‑bath, and 2‑bedroom/1‑bath; Finished attic with an additional 1‑bedroom/1‑bathroom bonus area; Approximately 2,652 sq. ft. of living space on a 2,504 sq. ft. lot
