Financial
Distress signals
Property profile

6042 55Th St Maspeth, NY 11378

FOR LEASE
Other investment properties
Property ID
US63-3816850
2,800 SF 0.06 ac lot Built 1920
Last sale Dec 2019
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Free & Clear No active or open recorded mortgage detected.
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6042 55Th St, Maspeth, NY 11378 For Lease
$5,800/Mo
6042 55Th St, Maspeth, NY 11378
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Property summary

AI-generated overview

The property is a mixed-use building constructed in 1920, consisting of a street-level commercial space and two residential units above. The commercial portion includes an existing hood and a gas line, while the residential units are currently occupied under month-to-month terms. The building also includes garage spaces. Capital improvements include a roof replacement installed recently (with warranty) and a boiler that is less than one year old. The property is located in Maspeth with access

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$6k
Tax billed · 2024
Assessed value$57k
Assessed land$12k
Assessed improvement$45k
Effective rate11.20%

Value estimate

· Sep 2026
$410k
$369k – $451k
NOI build-up
Gross scheduled income$84k
Vacancy & credit loss−$13k
Operating expenses−$21k
NOI · 861.72% cap applied$50k

Realmo valuation models over county records and 22 qualifying comparable sales.

Recently sold

What actually traded nearby?
$363/SF
ZIP average, outlier-cleaned · 42 recorded sales of this use type
Observed band · Q1–Q3$244 – $475
Qualifying comparables22

Cap rate analysis

How does the asset earn?
861.72%
$50k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
R4
This district is designed to provides for moderate density housing with a mix of residential building types, except for zero lot line bui...
General categoryRESIDENTIAL
JurisdictionQUEENS

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm70.2
Realty agency41.0
Parking Facility25.9

Location

6042 55Th St Maspeth, NY 11378
County assessor Recorded deeds · 3 transfers 22 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5420 Nurge, Flushing, NY 11378 $650,000 Feb 2026 3,100 SF
6627 Grand, Flushing, NY 11378-2540 $1,300,000 May 2025 2,800 SF
6956 Grand, Flushing, NY 11378-1828 $1,350,000 Oct 2024 3,120 SF
5246 69th, Flushing, NY 11378-1441 $281,000 Sep 2024 2,520 SF
7303 Grand, Flushing, NY 11378-1523 $1,400,000 Nov 2023 2,600 SF
6506 Grand, Flushing, NY 11378-2423 $1,150,000 Jun 2023 2,940 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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