Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    65-22 Jay Avenue Maspeth, NY 11378

    View on Map
    Claim this Listing
    For Sale
    $980,000

    Multi-Unit (2-4) - Maspeth, NY

    Added:
    Mar 26, 2026
    Days on Market:
    35
    Last Refresh:
    Apr 29 at 7:06 pm

    Property Features for 65-22 Jay Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Alicia Afflick

    Listing agent Alicia Afflick

    Listing office ACG REALTY NY LLC 3237 SEYMOUR AVE, BRONX, NY

    Listing date Mar 26, 2026

    MLS# 11676645 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Maspeth Multi-Family Home For Sale

    This three-level home, located in Maspeth, Queens, has been cherished within the same family for decades. The property offers a versatile layout suitable for multigenerational living or flexible arrangements. The second floor features three bedrooms, a bathroom, an eat-in kitchen, and a living room. The first floor includes two bedrooms, a bathroom, an eat-in kitchen, and a living room. The basement provides an additional two bedrooms, a bathroom, a kitchen, and a living space. The property is located in the 11378 postal code area of New York.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Maspeth
    County
    Queens
    State
    New York
    Longitude
    -73.899496
    Latitude
    40.726931

    Nearby Similar for Sale

    • $1,449,000
      3,000 SF

      Maspeth Three-Family Brick Home

      Newer construction three-family home in prime Maspeth location.
      72-20 CALDWELL AVENUE, Maspeth, NY 11378
      View Details
    • $1,088,000

      Maspeth Two-Family Home with Garage

      Well-maintained two-family home with strong rental income potential.
      5436 Nurge Avenue, Maspeth, NY 11378
      View Details
    • $1,749,999

      Renovated 4-Family Property in Maspeth

      Renovated 4-family property with modern finishes and strong rental income.
      6014 56th Avenue, Maspeth, NY 11378
      View Details
    • $999,999

      Maspeth Two-Family Home

      Well-maintained two-family home in Maspeth, Queens with investment potential.
      58-29 60th Lane, Maspeth, NY 11378
      View Details
    • $2,100,000

      Maspeth Multi-Family Brick House

      Seven-dwelling brick house with commercial garages and finished basement.
      59-49 56th Drive, Maspeth, NY 11378
      View Details
    • $1,550,000

      Maspeth Legal 4-Family Property

      Well-maintained 4-family property in Maspeth with income potential.
      60-58 60th Road, Maspeth, NY 11378
      View Details
    • $850,000

      Maspeth Two-Family Home for Sale

      Two-family home in Maspeth with renovation potential.
      6019 60th Drive, Maspeth, NY 11378
      View Details
    • $1,350,000
      1,985 SF

      Renovated Maspeth Multi-Family Home

      Fully renovated 2-family home in Maspeth with finished basement.
      68-02 Jay Avenue, Maspeth, NY 11378
      View Details
    • $1,298,000

      Maspeth Two-Family Brick Home

      Two-family brick home near parks, shops, and transportation.
      60-60 69th Place, Maspeth, NY 11378
      View Details
    • $1,438,000

      Victorian Multi-Family in Maspeth, NY

      Oversized 2-family home with 7 bedrooms and 4 bathrooms.
      60-59 69th Street, Maspeth, NY 11378
      View Details
    • $995,000

      Spacious Two-Family Home in Maspeth

      Two-family home in Maspeth with renovation potential and convenient location.
      6923 59th Road, Maspeth, NY 11378
      View Details
    • $190,000

      Auto Repair Business in Maspeth

      Established auto repair business for sale in Maspeth, Queens.
      60-91 60th Street, Maspeth, NY 11378
      View Details

    FAQs

    What type of property is this?
    Triplex - Three-level home with versatile layout, ideal for multi-generational living.
    Where is this triplex located?
    The property is located at 65-22 Jay Avenue Maspeth, NY.
    What is the asking price?
    The asking price for this property is $980,000.
    What are key features of this property?
    This property features: Multigenerational living potential with **three separate living spaces** (first floor, second floor, and basement).; Seven bedrooms and three bathrooms across three levels.; Three kitchens, one on each level.
    (315) 395-5435
    We can help!
    Listing Contact
    Alicia Afflick
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!