5924 Grand Ave Flushing, NY 11378-2718
This exceptional mixed-use property at 5924 Grand Ave, Maspeth, NY, presents a compelling investment opportunity. The 1,680 square foot building offers a versatile layout ideal for owner-occupants or investors seeking rental income. The ground floor boasts a sizable, currently vacant retail space perfect for a variety of businesses. This area features convenient front and rear access, adding to its operational flexibility. Two bathrooms are included, and the space can be easily divided into two separate units to accommodate multiple tenants or different business functions. Upstairs, a well-maintained two-bedroom apartment provides comfortable living quarters. This residential space includes a full bathroom, an eat-in kitchen, and a generously sized living room. Located in a thriving commercial/industrial area of Maspeth, Queens, this property benefits from excellent visibility and accessibility. The asking price is $819,000. This is a rare chance to acquire a mixed-use property in a prime location with significant potential for both immediate and long-term returns. The combination of commercial and residential space offers a unique opportunity to generate income from multiple sources. Don't miss this chance to secure a valuable asset in a rapidly developing area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R4-1 · Flushing, NYFlushing. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.