58-69 59Th St Maspeth, NY 11378

Located in Maspeth, Queens, this property features a double corner lot zoned R5B/C2-3, totaling 5,350 square feet (50 ft x 107 ft). The package includes a 3,400 square-foot, three-family brick home and an adjacent vacant lot. The property has frontage on 59th Street and 59th Avenue, with each lot measuring 25 ft x 107 ft. The existing three-family home measures approximately 25 ft x 55 ft across two floors, with the third floor measuring 25 ft x 24 ft. The second-floor apartment has been newly renovated. The R5B zoning allows for approximately 8,000 buildable square feet. The C2-3 zoning is a commercial overlay that permits a variety of commercial uses. Under the City of Yes zoning updates, the combined lots may qualify as a Qualifying Residential Site (QRS) due to its corner position, potentially allowing an enhanced 2.0 FAR and approximately 10,700-10,750 buildable square feet if the existing house is removed and a new building is constructed. This property presents an opportunity for mixed-use development with ground-floor commercial space and multiple residential units above. The property offers potential for residential or mixed-use development.