BEDS3
BATHS2 full
MLS#989753
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Income-producing mixed-use property in the heart of Maspeth featuring a vacant ground-floor commercial space and residential units above, offering strong income potential and value-add opportunity.The commercial unit is equipped with an existing hood and gas line, making it suitable for a variety of uses (subject to tenant verification and approvals). The vacancy of the commercial space allows a new owner to set market rent and maximize returns.The upper level consists of two residential units currently occupied on a month-to-month basis, providing immediate income with flexibility for future adjustments. The property also includes additional income from garage spaces.Recent upgrades include a newly installed roof (under warranty) and a boiler less than one year old, reducing near-term capital expenditures.Projected income potential is estimated to exceed $10,000/month based on market conditions and achievable rents. Buyers are encouraged to perform their own due diligence regarding income, expenses, and permitted use.Located in a high-demand area of Maspeth with convenient access to major transportation routes, this property presents an excellent opportunity for investors seeking stable income with upside potential.
Property Features
Property Type: Multi Unit - Multiple
Basement: None
Cooling: Varies by Unit
Garage: 3
Heating: Natural Gas, Other
Lot Size: 0.06 Acres
Taxes: $6,236
Year Built: 1920
Amenities
Other
Feature Descriptions
Building Area Total: 2800
Days on Site: 72
Exterior: Other
GarageY/N: Yes
On Market Date: 2026-04-23
Parcel Number: 02638-0007
Parking Features: Other
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Other
Units: 3
Utilities: See Remarks
Water: Other
Listed By / Shown By
Listing By
Agency Name: Loyaltty Inc
Agency Phone: 929-337-0276
Shown By
Agency Title: Joyce Realty
Agency Phone: (800-275-5692)
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Estimated Payment
$ 5,050.69 per month $4,006.02 Principal & Interest $519.67 Property Tax $525.00 Homeowner's InsuranceChange Payment Information
Corporate Headquarters
7 E Central Ave, Unit 15, Pearl River, NY 10965Phone: 800-ASK-JOYCE (800-275-5692)
Joyce Realty® and Logo are registered trademarks of US Patent & Trademark Office: Reg. No. 5,743,966-Ser. No. 88-0075,379. All rights reserved.
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6042 55th Street | MLS# 989753
This multi-family property located at 6042 55th Street, Maspeth, NY 11378 is currently listed for sale with an asking price of $1,799,999. Search Maspeth real estate on www.joycerealty.com today.