Duplex with Private
For Sale
$1,770,000
66-17 Clinton Avenue, Maspeth, NY 11378
Residential, Maspeth, NY
Property Size2,805 SF
Lot Size0.05 Acres
Price / SF$631.02
Days on Market281
Property Features for 66-17 Clinton Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
R4-1
Bedrooms
9
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 4, Bedroom 7, Bedroom 5, Bathroom 2, Bedroom 6, Bathroom 4, Bedroom 2, Bedroom 1, Bedroom 9, Bathroom 6, Bedroom 8, Bathroom 5, Bathroom 1, Bedroom 3, Bathroom 3
Parking features
Garage - Detached
Interior features
Refrigerator, Stove
Basement
Full, Finished
Subdivision
Maspeth
Standard status
Active
Size
2,805 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
2263
Building Details
Year built
2025
Floors in Building
3
Number of units
2
Flooring type
Ceramic, Hardwood
Building materials
Brick
Roof type
Shingle
Listing Agency:
RE/MAX Real Estate Professiona
(718) 532-2000
Listed By:
Alan S. Ng · License #10301207524
(718) 532-2000
Added: Nov 16, 2025
Changed: Aug 24
Last Checked: Aug 24 at 5:06PM
MLS# 497379
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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.
This 2,805-square-foot duplex property is arranged across three stories with a full basement and is designated for two-family use under R4-1 zoning. The layout includes four bedrooms and six bathrooms, with two full bathrooms on each floor. Separate boilers and hot water heaters serve the units independently, supporting distinct utility management. Interior finishes include ceramic and hardwood flooring, while the kitchen areas include refrigerators and stoves.
The property sits on a 0.0459-acre lot and includes a private driveway, a detached one-car garage, and additional vehicle parking capacity. Its Maspeth address places the property within Queens, with access to Manhattan, public transportation, major highways, supermarkets, retail shopping, restaurants, and malls. The property was built in 2025 and has brick construction with a shingle roof.
The property sits on a 0.0459-acre lot and includes a private driveway, a detached one-car garage, and additional vehicle parking capacity. Its Maspeth address places the property within Queens, with access to Manhattan, public transportation, major highways, supermarkets, retail shopping, restaurants, and malls. The property was built in 2025 and has brick construction with a shingle roof.
Key Highlights
- 2,805‑square‑foot duplex on a 0.0459‑acre lot
- Three stories plus a full basement
- Legal two‑family property with potential for four income‑producing units
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
$68,567
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
3.87%
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%
$1,371,340
$1.4M
Cap Rate 7%
$979,529
$979.5K
Cap Rate 9%
$761,856
$761.9K
Market Conditions
NOI Build-Up for 2,805 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
$129.6K $46.20/SF
− Vacancy
−$4.9K −$1.76/SF
EGI
$124.7K $44.44/SF
− OpEx
−$56.1K −$20.00/SF
NOI
$68.6K $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%
$1,371,340
Cap Rate 7%
$979,529
Cap Rate 9%
$761,856
Alternative Uses
Best Use
Apartment 5plus
$979.5K
$857.1K – $1.14M
NOI $68,567 @ 7.0% cap · market cap 3.87%
Second Best
Multifamily LT 5
$663.2K
$580.3K – $773.8K
NOI $46,427 @ 7.0% cap · market cap 2.62%
Theoretical Best
Office A
$2.07M
$1.81M – $2.41M
NOI $144,751 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,887
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?
Duplex - Three-story two-family property with independent heating systems, a private driveway, and dedicated garage parking.
Where is this duplex located?
The property is located at 66-17 Clinton Avenue Maspeth, NY.
What is the asking price?
The asking price for this property is $1,770,000.
What are key features of this property?
This property features: 2,805‑square‑foot duplex on a 0.0459‑acre lot; Three stories plus a full basement; Legal two‑family property with potential for four income‑producing units
