55-19 Metropolitan Ave Maspeth, NY 11385
Mixed-use property in Maspeth, Queens with diversified income streams.
Property size:
3,922 SFLot size:
2,500.00 AcresProperty Features for 55-19 Metropolitan Ave
General Information
- Standard status
- Active
- Size
- 3,922 SF
- Lot size
- 2,500.00 Acres
Source:
Crexi
Listing Agency: Reyes & Elsamad Listing Agent: Julio Reyes
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Maspeth Mixed-Use Investment Opportunity
Located on the corner of 55th Street and Metropolitan Avenue in Maspeth, Queens, this mixed-use property offers an investment opportunity in a steadily growing submarket. The property features three residential units and one commercial unit, along with two private garage spaces. The building includes one 4-bedroom/1-bath unit and two 1-bedroom/1-bath units. The ground floor commercial unit provides 1,274 square feet of space. Situated on a 25’ x 100’ lot with R6B, C2-4 zoning, the property generates approximately $142,956 in current gross income with a projected pro-forma of $155,400. With approximately 1,075 square feet of unused FAR and commercial frontage on Metropolitan Avenue, the property offers both stable cash flow and long-term repositioning potential. Maspeth benefits from increasing residential demand, strong local retail corridors, and proximity to major highways and public transportation. This property is suitable for 1031 exchange buyers, mixed-use investors seeking stabilized income, owner-users looking to control their real estate, and long-term holders focused on Western Queens growth. The property size is 3,922 square feet.
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Maspeth
- County
- Queens
- State
- New York
- Longitude
- -73.921646
- Latitude
- 40.714092
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use property in Maspeth, Queens with diversified income streams.
Where is this mixed-use property located?
The property is located at 55-19 Metropolitan Ave Maspeth, NY.
What are key features of this property?
This property features: - Diversified income stream from three residential units and one commercial unit, plus two private garages.; - Located in Maspeth, Queens, a steadily growing and supply-constrained submarket of Western Queens.; - Pro-forma cap rate of 6.6% at the $1,700,000 asking price, with a projected pro-forma income of $155,400.
