Loyaltty Inc
Listed by Loyaltty Inc
$1,799,999
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.
Listing Contacts
Loyaltty Inc
Listed by Loyaltty Inc
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