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… Read More 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. Read Less
Listing Courtesy of Loyaltty Inc, 929-337-0276.
Listing Snapshot
Days Online
38
Last Updated
Property Type
Duplex
Beds
3
Full Baths
2
Square Ft.
2,800
Lot Size
0.06 Acres
Year Built
1920
Property Tax
$6,236
MLS Number
989753
30 Days Snapshot Of 11378
$468k
-40%
(avg) sold price
2
-66%
homes sold
135
-48%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Description: "None"
Building
Building Area: 2800, Construction Materials: "Other", Year Built: 1920
Cooling
Details: "Varies by Unit"
Garage
Garage Spaces: 3
Heating
Heating: "Natural Gas", "Other"
Lot
Acres: 0.058
Utilities
Sewer: "Other", Water Source: "Other", Utilities: "See Remarks"
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
The data relating to real estate for sale on this website comes courtesy of ONEKEY as distributed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listings last updated on ,
Confirm your time
Fill in your details and we will contact you to confirm a time.