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Property profile & analytics
OFF-MARKET
Investment properties

5924 Grand Ave Flushing, NY 11378-2718

1,680 SF 0.03 ac lot Built 1916
Entity Owned 19-yr Hold ~ Est. High Equity
Property ID
US63-0028099
Property summary
AI-generated overview

This exceptional mixed-use property at 5924 Grand Ave, Maspeth, NY, presents a compelling investment opportunity. The 1,680 square foot building offers a versatile layout ideal for owner-occupants or investors seeking rental income. The ground floor boasts a sizable, currently vacant retail space perfect for a variety of businesses. This area features convenient front and rear access, adding to its operational flexibility. Two bathrooms are included, and the space can be easily divided into two separate units to accommodate multiple tenants or different business functions. Upstairs, a well-maintained two-bedroom apartment provides comfortable living quarters. This residential space includes a full bathroom, an eat-in kitchen, and a generously sized living room. Located in a thriving commercial/industrial area of Maspeth, Queens, this property benefits from excellent visibility and accessibility. The asking price is $819,000. This is a rare chance to acquire a mixed-use property in a prime location with significant potential for both immediate and long-term returns. The combination of commercial and residential space offers a unique opportunity to generate income from multiple sources. Don't miss this chance to secure a valuable asset in a rapidly developing area.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1916
Total area 1,680 SF
Lot 0.03 ac (1,428 SF)
Zoning code R4-1
APN 02697-0005
UPID US63-0028099
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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by Request
Owner & transaction history
Grand Venture Capital LLC · 19 yrs held
Grand Venture Capital LLC
since 2007
2 recorded transactions
2007
$405,000
2004
$292,000
Zoning & alternative use
R4-1 · Flushing, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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