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M2-1 Commercial Land with Existing Structure
For Sale
$1,495,000

5438 46th Street, Maspeth, NY 11378

Commercial Sale, Maspeth, NY

Property Size800 SF
Lot Size0.08 Acres
Price / SF$1,868
Days on Market155

Property Features for 5438 46th Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning M2-1
Rooms Basement
Parking features Driveway, Garage
Fencing Chain Link
Basement Full
Directions GPS / WAZE
Standard status Active
APN 02537-0027
Lot size 0.08 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 3990

Utilities

Utilities Phone Available
Sewer type Public Sewer
Heating system Baseboard
Cooling system Wall/Window Unit(s), Window Unit(s)
Water source Public

Building Details

Year built 1901
Building materials Frame
Listing Agency: Keller Williams Realty
Listed By: John J. Ricco · License #10301223525
Added: Apr 8 Changed: Sep 6 Last Checked: Sep 9 at 7:06PM
MLS# 982776

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.

Investment Insights

Based on property information with market context.

This commercial land parcel in Maspeth encompasses a 3,400-square-foot lot measuring 40 feet by 85 feet. The property is improved with an approximately 800-square-foot frame structure built in 1901, with baseboard heating, wall/window and window-unit cooling, a basement, garage and driveway parking, and chain-link fencing. The site is delivered vacant.

M2-1 zoning is identified for the property, with approximately 6,800 square feet of maximum buildable potential at FAR 2.0. Public water and public sewer serve the site, and phone service is available. Any redevelopment parameters should be confirmed independently with a licensed architect or zoning professional.

Key Highlights

  • 3,400‑square‑foot commercial land parcel measuring 40 feet by 85 feet
  • M2‑1 zoning with approximately 6,800 square feet of maximum buildable potential at FAR 2.0
  • Existing approximately 800‑square‑foot frame structure built in 1901

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Law Firm Gym & Fitness Center Dental Office Pharmacy Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

773
Businesses Nearby

Demographics for 11378, NY

38,288
Population
14,522
Households
2.6
Avg Household Size
40
Median Age
26%
College-Educated
83%
High-School Grad
2.4 sq mi
ZIP Area
15,953
Density / Sq Mi
$84,762
Median Household Income
$52,281
Median Earnings
$1,932
Median Rent
$832,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019
4.6% 2020
3.2% 2021
3.3% 2022
5.3% 2023
6.6% 2024
7.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - M2-1-zoned site with an existing structure and public water and sewer.
Where is this commercial land located?
The property is located at 5438 46th Street Maspeth, NY.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 3,400‑square‑foot commercial land parcel measuring 40 feet by 85 feet; M2‑1 zoning with approximately 6,800 square feet of maximum buildable potential at FAR 2.0; Existing approximately 800‑square‑foot frame structure built in 1901
More about this property
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