Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    70-07 Grand Ave Maspeth, NY 11378

    View on Map
    Sponsored
    Picture of Mixed-use properties at Grand Ave 70-07, Maspeth, NY
    For Sale
    $1,550,000

    MULTI_FAMILY - Maspeth, NY

    Lot size:
    0.05 Acres
    Days on Market:
    6
    Last Refresh:
    Mar 9 at 7:06 pm

    Property Features for 70-07 Grand Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 2, Basement, Bedroom 3, Bedroom 4, Bedroom 1, Bathroom 2, Bathroom 1
    Bedrooms
    4
    Bathrooms
    2
    APN
    02503-0077
    Basement
    Full, Unfinished
    Lot size
    0.05 Acres

    Utilities

    Cooling system
    Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1901
    Number of units
    2

    We can help!

    Listing Contact
    Vera Y. Wu

    WINZONE REALTY INC. (718) 899-7000

    Listing agent Vera Y. Wu (646) 633-2828

    Listing date Mar 3, 2026

    MLS# 931431

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Mixed-Use Building in Maspeth, NY

    This mixed-use building is located in Maspeth, NY. The ground floor is leased to a grocery store. The building also includes two apartments, each featuring two bedrooms and one bathroom. The property generates an annual rental income of approximately $90,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Big Box & Wholesale Store Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Maspeth
    County
    Queens
    State
    New York
    Longitude
    -73.892876
    Latitude
    40.727676

    Nearby Similar for Sale

    • New
      $2,100,000
      0.14 Acres

      Maspeth Multi-Family Brick House

      Seven-dwelling brick house with commercial garages and finished basement.
      59-49 56Th Dr, Maspeth, NY 11378
      View Details
    • New
      $1,099,888
      2,160 SF

      Maspeth Legal Two-Family Home

      Detached two-family home with finished basement and three-car garage.
      5436 Nurge Ave, Maspeth, NY 11378
      View Details
    • New
      $1,099,888
      3,160 SF

      Maspeth Two-Family Home with Garage

      Two-family home with finished basement, garage, and private driveway.
      54-36 Nurge Ave, Maspeth, NY 11378
      View Details
    • $200,000

      Auto Repair Business For Sale

      Established auto repair business for sale in Maspeth, NY.
      60-91 60Th St, Maspeth, NY 11378
      View Details
    • $779,000
      1,680 SF

      Maspeth Mixed-Use Vacant Retail

      Mixed-use property with vacant retail and residential apartment in Maspeth.
      59-24 Grand Ave, Maspeth, NY 11378
      View Details
    • New
      $999,000
      0.06 Acres

      Maspeth Detached Two-Family Home

      Renovated two-family home in Maspeth with finished basement.
      6734 52Nd Ave, Maspeth, NY 11378
      View Details
    • New
      $849,000
      0.07 Acres

      Maspeth Mixed-Use Property with Garage

      Residential/commercial property with apartments, office, and garage in Maspeth.
      5755 58Th St, Maspeth, NY 11378
      View Details
    • New
      $1,229,000
      0.05 Acres

      Maspeth Two-Family Home For Sale

      Well-maintained two-family home in the heart of Maspeth.
      59-29 70Th St, Maspeth, NY 11378
      View Details
    • $1,550,000
      0.12 Acres

      Maspeth Land Development Opportunity

      Land for mixed-use development in Maspeth, Queens.
      57-37 59Th St, Maspeth, NY 11378
      View Details
    • $929,000
      Pending

      Two-Family Home in Maspeth, NY

      Charming two-family home with renovation potential in Maspeth, NY.
      61-54 56Th Ave, Maspeth, NY 11378
      View Details
    • $995,000
      0.06 Acres

      Spacious Two-Family Home in Maspeth

      Two-family home in Maspeth with renovation potential and convenient location.
      6923 59Th Rd, Maspeth, NY 11378
      View Details
    • Contact for pricing
      4,289 SF

      Maspeth Commercial Space Available

      Commercial space suitable for gym, restaurant, bank, events, and more.
      6628 Grand Ave, Maspeth, NY 11378
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with grocery store and two apartments.
    Where is this mixed-use property located?
    The property is located at 70-07 Grand Ave Maspeth, NY.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: - High-traffic location with ground floor commercial tenant (grocery store).; - Significant annual rental income of approximately $90,000.; - Mixed-use property with commercial and residential income streams.
    (646) 633-2828
    Request Owner's contact information
    70-07 Grand Ave Maspeth, NY 11378
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    70-07 Grand Ave
    Maspeth, NY 11378
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    70-07 Grand Ave Maspeth, NY 11378
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Vera Y. Wu
    (646) 633-2828
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!