59-26 Grand Ave, Maspeth, NY 11378
Commercial Building - Maspeth, NY
- Added:
- Jun 9, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 10 at 8:06 am
Property Features for 59-26 Grand Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3
- Parking features
- Garage
- Standard status
- Active
- APN
- 000000-000.000-2697-007.000
- Size
- 2,477 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 6568
Utilities
- Heating system
- Oil, Steam
Building Details
- Year built
- 1948
- Year renovated
- 1948
- Floors in Building
- 2
- Flooring type
- Carpet
- Building materials
- Vinyl Siding
- Roof type
- Rubber
- Architectural style
- Other
Listing agent Florin John Spariosu (718) 894-6900
Listing office SPARROW REALTORS LLC 98-20 Metropolitan Ave Suite #2, FOREST HILLS, NY 71808946900
Listing date Jun 9, 2026
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Mixed‑use property in Maspeth, Queens, delivered vacant at closing
- Ground‑floor retail space with front and rear access, vacant at time of sale
- Retail area includes 2 bathrooms and can be divided into 2 separate sections
- Second floor includes a 2‑bedroom apartment with 1 full bath, eat‑in kitchen, and large living room
- Built in 1948; exterior vinyl siding with rubber roof
- Garage parking; heating includes oil and steam; flooring includes carpet
Overview
The second floor is a well-maintained two-bedroom apartment with a full bath, an eat-in kitchen, and a large living room. The property is located at 59-26 Grand Ave in Maspeth, Queens, within a commercial/industrial area.
For owner-occupants and investors, the layout provides separate residential and retail income opportunities. The retail component’s front and rear access can support flexible customer or service flow, while the apartment offers straightforward, self-contained living space above. The ability to divide the retail into two sections adds additional flexibility for tenants or future reconfiguration.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $114.4k | $46.20 |
| − Vacancy | −$4.3k | −$1.76 |
| EGI | $110.1k | $44.44 |
| − OpEx | −$49.5k | −$20.00 |
| NOI | $60.5k | $24.44 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Maspeth
- County
- Queens
- State
- New York
- Longitude
- -73.907392
- Latitude
- 40.720619
