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31840953
31840954

6042 55th Street, New York, NY 11378

Loyaltty Inc
Listed by Loyaltty Inc
$1,799,999
45 days on market
Updated 34 days ago

6042 55th Street

Details
APN 02638-0007
Property Type Mixed Use
Sub Type Mixed Use, Other
Units 3
Year Built 1920
Acreage 0.058
Zoning R4

Mixed Use

Marketing description

Income-producing mixed-use property in the heart of Maspeth featuring a vacant ground-floor commercial space and residential units above, offering strong income potential and value-add opportunity. The commercial unit is equipped with an existing hood and gas line, making it suitable for a variety of uses (subject to tenant verification and approvals). The vacancy of the commercial space allows a new owner to set market rent and maximize returns. The upper level consists of two residential units currently occupied on a month-to-month basis, providing immediate income with flexibility for future adjustments. The property also includes additional income from garage spaces. Recent upgrades include a newly installed roof (under warranty) and a boiler less than one year old, reducing near-term capital expenditures. Projected income potential is estimated to exceed $10,000/month based on market conditions and achievable rents. Buyers are encouraged to perform their own due diligence regarding income, expenses, and permitted use. Located in a high-demand area of Maspeth with convenient access to major transportation routes, this property presents an excellent opportunity for investors seeking stable income with upside potential.
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Loyaltty Inc
Listed by Loyaltty Inc

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