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Property profile & analytics
OFF-MARKET
Mixed-use properties

60-33 Eliot Ave Maspeth, NY 11378

Property ID
Property summary
AI-generated overview

This exceptional offering presents a unique opportunity to acquire a substantial mixed-use property in the desirable Maspeth neighborhood of Queens, New York. The property, located at 60-33 Eliot Avenue, encompasses three commercial parcels totaling 10,000 square feet, along with an existing one-family home. The land itself comprises 2,621 square feet, zoned V1, and benefits from a 428X abatement tax. The existing house features two bedrooms, two full bathrooms, and a full finished basement. This property is being sold as a single unit, including both the land and the house, and presents significant potential for development. Its prime location offers easy access to Metropolitan Avenue, public transportation, and major highways. The property is situated within School District 24, adding to its appeal. The combined land parcels (Block 2736, Lot 28/30/31) offer a compelling opportunity for the construction of a new mixed-use building, combining commercial and residential spaces. The asking price for this exceptional property is $2,499,000. This is a rare chance to acquire a substantial property in a thriving area with excellent development potential.

Property profile
Verified
Property type Mixed-use properties
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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