Semi-Detached Duplex with
New
For Sale
$995,000
69-11 58th Rd, Maspeth, NY 11378
Residential Income, Maspeth, NY
Property Size1,752 SF
Lot Size0.05 Acres
Price / SF$567.92
Days on Market2
Property Features for 69-11 58th Rd
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 6, Bathroom 1, Bedroom 5, Bedroom 1, Bathroom 2, Bedroom 3, Bedroom 2, Bathroom 3
Interior features
Master Downstairs
Subdivision
Flushing
Standard status
Active
Size
1,752 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
9920
Utilities
Heating system
Natural Gas, Steam
Building Details
Year built
1940
Flooring type
Hardwood
Building materials
Vinyl Siding
Roof type
Flat
Listing Agency:
LANDMARK INTERNATIONAL REAL ESTATE GROUP LLC
(917) 530-5075
Listed By:
Liwen Zhua
Added: Sep 16
Last Checked: Sep 17 at 8:06AM
MLS# 11871205
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.
Investment Insights
Based on property information with market context.
This 1,752-square-foot semi-detached duplex contains two three-bedroom apartments, providing a six-bedroom residential configuration. The property also includes a full finished basement and a detached garage. Interior details include hardwood flooring, updated kitchens, ample closet storage, and a downstairs primary bedroom. Vinyl siding, a flat roof, and natural gas steam heating serve the 1940-built home.
Set on a 0.0492-acre lot at 69-11 58th Rd in Maspeth, the property is positioned on a quiet block near 69th Street. Shopping and mass transit are located nearby, adding convenience for occupants. The home is in Queens County, NY 11378.
Set on a 0.0492-acre lot at 69-11 58th Rd in Maspeth, the property is positioned on a quiet block near 69th Street. Shopping and mass transit are located nearby, adding convenience for occupants. The home is in Queens County, NY 11378.
Key Highlights
- Two three‑bedroom apartments in a semi‑detached duplex
- 1,752 square feet on a 0.0492‑acre lot
- Full finished basement and detached garage
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
$42,827
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
4.30%
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%
$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
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
$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 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%
$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.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,819
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom apartments with finished basement space, hardwood floors, and natural gas steam heat.
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 three‑bedroom apartments in a semi‑detached duplex; 1,752 square feet on a 0.0492‑acre lot; Full finished basement and detached garage
