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55-19 Metropolitan Ave Maspeth, NY 11385

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Mixed-use property in Maspeth, Queens with diversified income streams.

Property size:
3,922 SF
Lot size:
2,500.00 Acres

Property Features for 55-19 Metropolitan Ave

General Information

Standard status
Active
Size
3,922 SF
Lot size
2,500.00 Acres

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Listing Contact
Julio Reyes
Source: Crexi

Listing Agency: Reyes & Elsamad Listing Agent: Julio Reyes

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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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

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop 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
-73.921646
Latitude
40.714092

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.
More about this property
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