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5431 Nurge Avenue, Maspeth, NY, 11378

4beds
2baths
1,470sqft
$1,058,000
$720price/sqft
$6,490/moest. monthly cost
$259,600/yrincome needed

About This Home

Prime Two-Family Opportunity in Maspeth – Ideal for End-Users & Investors Welcome to 5431 Nurge Ave, a classic brick two-family residence located in the heart of Maspeth, Queens. Offering a total of 4 bedrooms and 2 bathrooms, this property presents a flexible layout perfect for owner-occupancy with rental income potential. ? Property Highlights: • ?? Total 4 Bedrooms + 2 Bathrooms • ?? Quiet, established residential neighborhood • ?? Convenient access to Manhattan, LIC, and Brooklyn • ?? Close to shopping, dining, and everyday essentials • ?? Strong rental income potential for investors Maspeth is known for its residential charm, lower property taxes compared to many NYC neighborhoods, and strong long-term value stability. Whether you’re looking to live in one unit and rent the other or expand your investment portfolio, this is an opportunity not to be missed.

Getting Around

86
WalkingVery Walkable
0
TransitVery Limited Transit
57
BikeBikeable

Schools

3/10
Is 93 RidgewoodGrades 6-80.8 mi
2/10
Grover Cleveland H.S.Grades 9-120.3 mi

Construction

Condition

  • Year built: 1920

Materials

  • Construction materials: Aluminum Siding

Type & Style

  • Home type: MultiFamily
  • Architectural style: Colonial
  • Property subType: Duplex,Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Finished

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • First Floor Bedroom

Heating & Cooling

  • Heating features: Has Heating (Unspecified Type)
  • Cooling features: ENERGY STAR Qualified Equipment

Interior Area

  • Total structure area: 1,470
  • Total interior livable area: 1,470 sqft

Property

Details

  • Parcel number: 026360030
  • Special condition: None

Lot

  • Lot size: 2,529 sqft

Parking

  • Total spaces: 1
  • Parking features: On Street
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Cold Wave
    Cold WaveModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Cold Wave
Tsunami

FEMA Declared Disasters in Queens County and New York

Flood
Severe Storm
Snowstorm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $5,349$64,188
Home Insurance *$234$2,808
Property Taxes $661$7,932
Electricity $246$2,954
Total$6,490$77,880
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$222,514/yr
40% on housing$194,700/yr
45% on housing$173,066/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 2.5%
2.5%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -0.4%
-0.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$720This listing

vs Other Active Listings

Avg $/sqft

ZIP 11378$598
Queens County$533

vs Homes Sold Last Month

Median $/sqft

ZIP 11378$612
Queens County$600

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-02-24Listed for sale$1,058,000
2025-12-27Listing removed$1,059,999
2025-07-20Price change$1,059,999
2025-07-01Price change$1,099,999
2025-05-27Listed for sale$1,149,999

For Sale by Agent

AgentYan Yu
BrokerageApex Global Realty LLC

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