Presenting a rare chance to acquire a well-maintained, income-generating property in the heart of Maspeth. This mixed-use building features four spacious one-bedroom residential units situated above a street-level commercial space currently operating as a deli. The property generates a strong Net Operating Income of approximately $90,000 annually, making it an excellent option for both seasoned investors and those entering the market.
The building is exceptionally clean and fully occupied by reliable, long-term tenants. Significant recent upgrades have been made, including a brand-new boiler, new hot water heater, and updated plumbing throughout each apartment, reducing maintenance costs and improving operational efficiency.
With a high-traffic commercial storefront and solid residential rental history, this property offers immediate cash flow as well as tremendous upside potential for future value appreciation. Whether you continue with the current tenants or explore new possibilities, this property represents a stable and strategic addition to any investment portfolio.
Don't miss out on this opportunity to own a turn-key asset in one of Queens’ most established and desirable neighborhoods.
Active
$1,799,000
64-04 Flushing Ave #1, Maspeth, NY 11378
4beds
3,366sqft
SingleFamily
Built in 1923
-- sqft lot
$1,735,000 Zestimate®
$534/sqft
$-- HOA
What's special
High-traffic commercial storefrontSpacious one-bedroom residential units
- 22 days
- on Zillow |
- 103 |
- 4 |
Zillow last checked: 7 hours ago
Listing updated: June 03, 2025 at 08:15am
Listing by:
RE MAX Team 347-581-6161,
Vincent O Connell
Source: StreetEasy,MLS#: S1771223
Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Interior area
- Total structure area: 3,366
- Total interior livable area: 3,366 sqft
Property
Details
- Special conditions: Resale
Construction
Type & style
- Home type: SingleFamily
Condition
- Year built: 1923
Community & HOA
Community
- Subdivision: Maspeth
HOA
- Services included: Maintenance
Location
- Region: Maspeth
Financial & listing details
- Price per square foot: $534/sqft
- Date on market: 5/14/2025
- Loading
- Loading