56-30 61St St Maspeth, NY 11378
- Retail properties
- 2,500 SF
- 0.06 lot acres
Current Use by Public Records
- Retail properties
Property Details for 56-30 61St St
- Year built
- 1915
- Lot size
- 0.06 lot acres
- Property size
- 2,500 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a fully renovated corner brick retail building situated in the vibrant heart of Maspeth, Queens. Boasting 2,500 square feet, this property offers immediate cash flow with a strong income stream generated by five residential units. The building, constructed in 1915, sits on a 0.06-acre lot and currently comprises four 2-bedroom apartments and one 4-bedroom apartment. Monthly rental income is substantial, with rents ranging from $2,941 to $4,200 per month. Approved plans are in place to develop additional parking spaces in the rear yard, providing a significant opportunity to further enhance income potential. This presents a unique chance to acquire a well-maintained, income-producing asset in a desirable location. The property is priced at $2,500,000 and offers a compelling return on investment. Note that this property can be purchased as part of a larger package deal that includes a neighboring property at 60-41 56th Rd. This turnkey investment is ready for immediate ownership and offers a rare chance to capitalize on the thriving Maspeth market. The address is 56-30 61st Street, Maspeth, NY 11378.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Maspeth
- County
- Queens
- State
- New York
- Longitude
- -73.9046
- Latitude
- 40.7243
