Maspeth Mixed-Use Investment
55-19 Metropolitan Ave, Maspeth, NY 11385
Mixed-use property in Maspeth, Queens with diversified income streams.
Type:Mixed Use, Multifamily
Property size:
3,922 SFLot size:
0.06 AcresPrice / SF:
$433/SF- Added:
- Feb 24, 2026
- Days on Market:
- 123
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 55-19 Metropolitan Ave
General Information
- Standard status
- Active
- Size
- 3,922 SF
- Lot size
- 0.06 Acres
- Property subtype
- Mixed Use, Multifamily
Listing office Reyes & Elsamad
Listing date Feb 24, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Reyes & Elsamad
HighLights
- 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.
- Approximately 1,075 SF of unused FAR and commercial frontage on Metropolitan Avenue, offering long‑term repositioning potential.
- Strong local retail corridors and proximity to major highways and public transportation.
- Ideal for 1031 exchange buyers, mixed‑use investors, owner‑users, and long‑term holders focused on Western Queens growth.
Overview
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.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $181.2k | $46.20 |
| − Vacancy | −$6.9k | −$1.76 |
| EGI | $174.3k | $44.44 |
| − OpEx | −$78.4k | −$20.00 |
| NOI | $95.9k | $24.44 |
3,922 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.37M
$1.20M – $1.60M
NOI $95,871 @ 7.0% cap · market cap 5.64%
Second Best
Retail
$1.00M
$875.1K – $1.17M
NOI $70,008 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$2.89M
$2.53M – $3.37M
NOI $202,394 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
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 is the asking price?
The asking price for this property is $1,700,000.
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.
