Tammy Odell - John J Lease Realtors Logo
$1,799,999
 $9,663 est/mo Sourced by Back At You

6042 55th Street,Maspeth, NY 11378

Maspeth, NY 11378

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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.

Details

MLS #989753
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1920
Days On Site130
Listing Provided ByLoyaltty Inc | Royer I. Silva

Features

Bed(s)3
Bath(s) 2 Total
SQ Feet2,800
Garage3
Units3
Acreage0.06

Interior

CoolingVaries by Unit
HeatingNatural Gas, Other
Interior FeaturesOther

Exterior

Construction MaterialsOther
Foundation DetailsOther

Parking

Garage Yes / NoYes
Parking FeaturesOther

Utilities

UtilitiesSee Remarks
SewerOther

Taxes

Tax Year2025
Tax Assessed Value64680
Tax Annual Amount6236.32

Area Information

StateNY
CountyQueens
CityMaspeth
Zip Code11378
Listing VS Median (in 11378)
Price:
$1,799,999
low | high
Med:
$899,000
100% of Average
sqft:
2,800
low | high
Med:
1,080
100% of Average
$ / sqft:
$643
low | high
Med:
$832
20.514331355698% of Average
On site:
130
low | high
Med:
298
43.624161073826% of Average
Sourced by Back At You

Market Activity 11378

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Learn More About This Property

Tammy Jo Odell

Tammy Jo Odell

John J Lease REALTORS

ABR, CBR, SFR (845) 541-8014tammyjoodell@gmail.com
StateNY
CountyQueens
CityMaspeth
Zip Code11378
Listing VS Median (in 11378)
Price:
$1,799,999
low | high
Med:
$899,000
100% of Average
sqft:
2,800
low | high
Med:
1,080
100% of Average
$ / sqft:
$643
low | high
Med:
$832
20.514331355698% of Average
On site:
130
low | high
Med:
298
43.624161073826% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.349M - $2.249M
sqft: 2,000 - 3,500
Nearby Listings Property ImageNearby Listings Details
6042 55th Street Property Photo 1
$1,799,999
6042 55th Street
Maspeth, NY 11378
6042 55th Street Property Photo 1
$5,800
6042 55th Street
Maspeth, NY 11378
60-64 54th Place Property Photo 1
$1,575,000
60-64 54th Place
Maspeth, NY 11378
Listing Updated: July 16, 2026 at 9:42:25 AM PDT

Tammy Odell - John J Lease Realtors