Two-Family Duplex with Detached
For Sale
$995,000
69-11 58th Rd, Maspeth, NY 11378
Two three-bedroom apartments are complemented by a finished basement and hardwood flooring.
Property Size1,752 SF
Price / SF$567.92
Days on Market46
Property Features for 69-11 58th Rd
General Information
Standard status
Active
Size
1,752 SF
Property subtype
Multi-Unit (2-4)
Units
Unit Mix
2 x 3 bedroom
Multifamily Units
2
Additional Details
Public Transit
Yes
Building Details
Year Built
1940
Listing Agency:
LANDMARK INTERNATIONAL REAL ESTATE GROUP LLC
Listed By:
Liwen Zhua
(917) 530-5075
Source:
Gosenproperties
Added: Sep 16
Changed: Oct 28
Last Checked: Oct 28 at 3:59PM
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 LANDMARK INTERNATIONAL REAL ESTATE GROUP LLC
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Investment Insights
Based on property information with market context.
This semi-detached duplex contains two three-bedroom apartments, with 1,752 square feet of property size. Interior features include hardwood floors, modern kitchens and ample closet storage. A fully finished basement adds additional interior space, and a detached garage is also included. The home was built in 1940.
The property is on 58th Road in Maspeth, on a block described as quiet and convenient. Shopping and mass transit are nearby, and 69th Street is close by.
The property is on 58th Road in Maspeth, on a block described as quiet and convenient. Shopping and mass transit are nearby, and 69th Street is close by.
Key Highlights
- Two apartments, each with 3 bedrooms
- 1,752 square feet of property size
- Semi‑detached two‑family home
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,827
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$856,540
$856.5K
Cap Rate 7%
$611,814
$611.8K
Cap Rate 9%
$475,856
$475.9K
Market Conditions
NOI Build-Up for 1,752 SF
Gross rent
$80.9K $46.20/SF
− Vacancy
−$3.1K −$1.76/SF
EGI
$77.9K $44.44/SF
− OpEx
−$35.0K −$20.00/SF
NOI
$42.8K $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%
$856,540
Cap Rate 7%
$611,814
Cap Rate 9%
$475,856
Alternative Uses
Best Use
Apartment 5plus
$611.8K
$535.3K – $713.8K
NOI $42,827 @ 7.0% cap · market cap 4.30%
Second Best
Multifamily LT 5
$414.3K
$362.5K – $483.3K
NOI $28,998 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,412 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,266
Businesses Nearby
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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?
Duplex - Two three-bedroom apartments are complemented by a finished basement and hardwood flooring.
Where is this duplex located?
The property is located at 69-11 58th Rd Maspeth, NY.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Two apartments, each with 3 bedrooms; 1,752 square feet of property size; Semi‑detached two‑family home
