Brick Two-Family
69-25 59th Drive, Maspeth, NY 11378
For Sale
$995,000
Separate residences include a two-bedroom upper apartment and a one-bedroom unit.
Property Size1,720 SF
Price / SF$578.49
Days on Market72
Property Features for 69-25 59th Drive
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
balcony
backyard
First Floor Bedroom
First Floor Full Bath
Eat-in Kitchen
Building Details
Building Size
Year Built
Buildings
Units
Construction
Listing Agency:
Evette C Ennis
Listed By:
Evette C. Ennis
(516) 561-7161
Source:
Halknopfrealty
Added: Aug 29
Changed: Nov 7
Last Checked: Nov 7 at 5:37PM
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 Evette C Ennis
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,720-square-foot brick duplex, built in 1950, contains two residences. The upper apartment has two bedrooms, one bathroom, a large kitchen and dining area, and a balcony extending the length of the residence. The second unit has a one-bedroom layout. A backyard and one-car garage complete the property.
Located at 69-25 59th Drive in Maspeth, the property offers two distinct living spaces within one home.
Located at 69-25 59th Drive in Maspeth, the property offers two distinct living spaces within one home.
Key Highlights
- Two residences in a 1,720‑square‑foot brick duplex
- Upper apartment has 2 bedrooms and 1 bathroom
- Upper unit features a full‑length balcony and large kitchen/dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,044
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$840,880
$840.9K
Cap Rate 7%
$600,629
$600.6K
Cap Rate 9%
$467,156
$467.2K
Market Conditions
NOI Build-Up for 1,720 SF
Gross rent
$79.5K $46.20/SF
− Vacancy
−$3.0K −$1.76/SF
EGI
$76.4K $44.44/SF
− OpEx
−$34.4K −$20.00/SF
NOI
$42.0K $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%
$840,880
Cap Rate 7%
$600,629
Cap Rate 9%
$467,156
Alternative Uses
Best Use
Apartment 5plus
$600.6K
$525.6K – $700.7K
NOI $42,044 @ 7.0% cap · market cap 4.23%
Second Best
Multifamily LT 5
$406.7K
$355.9K – $474.5K
NOI $28,469 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,760 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,540
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
Properties on Market for Duplexes in Maspeth
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate residences include a two-bedroom upper apartment and a one-bedroom unit.
Where is this duplex located?
The property is located at 69-25 59th Drive 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 residences in a 1,720‑square‑foot brick duplex; Upper apartment has 2 bedrooms and 1 bathroom; Upper unit features a full‑length balcony and large kitchen/dining area
