Duplex Property with
For Sale
$899,000
6951 Caldwell Avenue, Maspeth, NY 11378
Residential, Duplex, Maspeth, NY
Property Size1,248 SF
Lot Size0.05 Acres
Price / SF$720.35
Days on Market167
Property Features for 6951 Caldwell Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R4-1
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 2, Bathroom 1, Bedroom 1
Basement
Unfinished
Subdivision
Maspeth
Standard status
Active
Size
1,248 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
2781
Building Details
Year built
1920
Floors in Building
2
Flooring type
Hardwood
Roof type
Metal
Architectural style
Other
Listing Agency:
Kaloshi Real Estate Inc
(718) 287-5200
Listed By:
Javed Iqbal · License #JI2929
(347) 234-1049
Added: May 4
Changed: Oct 13
Last Checked: Oct 17 at 8:06PM
MLS# 501146
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.
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Investment Insights
Based on property information with market context.
This duplex property at 6951 Caldwell Avenue includes 1,248 square feet of space, two bedrooms, a full basement, and a backyard. Hardwood flooring and a metal roof are among the existing features. The property was built in 1920 and is situated on a 0.0459-acre lot.
Located in Maspeth, Queens, the property is described as being near transportation, shopping, and schools. R4-1 zoning adds an important land-use consideration for prospective purchasers evaluating the property.
Located in Maspeth, Queens, the property is described as being near transportation, shopping, and schools. R4-1 zoning adds an important land-use consideration for prospective purchasers evaluating the property.
Key Highlights
- 1,248 square feet of property size
- 0.0459‑acre lot in Maspeth, NY
- R4‑1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,507
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,140
$610.1K
Cap Rate 7%
$435,814
$435.8K
Cap Rate 9%
$338,967
$339.0K
Market Conditions
NOI Build-Up for 1,248 SF
Gross rent
$57.7K $46.20/SF
− Vacancy
−$2.2K −$1.76/SF
EGI
$55.5K $44.44/SF
− OpEx
−$25.0K −$20.00/SF
NOI
$30.5K $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%
$610,140
Cap Rate 7%
$435,814
Cap Rate 9%
$338,967
Alternative Uses
Best Use
Apartment 5plus
$435.8K
$381.3K – $508.5K
NOI $30,507 @ 7.0% cap · market cap 3.39%
Second Best
Multifamily LT 5
$295.1K
$258.2K – $344.3K
NOI $20,656 @ 7.0% cap · market cap 2.30%
Theoretical Best
Office A
$920.0K
$805.0K – $1.07M
NOI $64,403 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,635
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - R4-1-zoned property with hardwood flooring, a metal roof, and a full basement.
Where is this duplex located?
The property is located at 6951 Caldwell Avenue Maspeth, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 1,248 square feet of property size; 0.0459‑acre lot in Maspeth, NY; R4‑1 zoning
