72-19 Grand Ave Maspeth, NY 11378
This exceptional Maspeth development opportunity presents a 3,154 sq ft R5B zoned lot with a poured foundation, ready for immediate construction. The L-shaped corner property boasts 6,308 sq ft of buildable area as of right, allowing for a mixed-use commercial and residential building. The existing foundation eliminates setbacks, maximizing buildable space. The basement features 12' ceilings, ideal for plumbing and additional floor space. Adding a community facility could further increase the floor area ratio. Three sides of the building will have windows, providing ample natural light. This prime location in Queens County, NY (zip code 11378) offers a wide range of development possibilities, from condos to mixed-use projects. The asking price is $1,185,000. Showings are by appointment only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.