7 Beds
4 Baths
2,500 Sqft Lot
7 Beds
4 Baths
2,500 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 958843
Bedrooms 7
Full Baths 4
Rental Info No
Year Built 1915
Annual Tax Amount $13,767
Lot Size 2,500 Sqft
Acres 0.0574
Lot Dimensions 25X100
Property Sub-Type Duplex
Source onekey2
Property Description
Exceptional opportunity to own a well maintained legal 4 family property in the heart of Maspeth. This solid brick building offers immediate income with significant upside, making it ideal for investors or owner-occupants who want rental cash flow while living on-site. 3 - Two Bedroom One Bath and 1 - One Bedroom One Bath unit plus a full basement and a private backyard. All paying tenants - month-to-month with no leases in place, providing flexibility for the next owner. The property can also be delivered vacant, creating a rare chance to reset rents to market or configure for full owner occupancy. Each unit pays its own electric and gas. Tenants have individual washers and dryers in the basement connected to their respective meters. With rents adjusted to current market rates, the property projects an approximate 5 - 6% cap rate, offering strong long-term performance in a highly desirable Queens neighborhood.
Situated on a 25 x 100 lot with an expansive building size of 20 x 72. Major mechanical updates provide peace of mind, including a new gas furnace installed in November 2022, a roof replaced in 2013, and a hot water heater updated in 2025. The building's large basement includes a recreation space, storage, laundry and utility space. Situated on a quiet residential block with convenient access to transportation, shopping, and local amenities, this is a rare value add asset combining immediate stability with future upside. A true Maspeth investment gem.
Location
State NY
County Queens
Rooms
Basement Finished, Full, Storage Space
Interior
Interior Features Eat-in Kitchen, Other, Walk-In Closet(s)
Heating Other
Cooling Wall/Window Unit(s)
Flooring Hardwood
Fireplace No
Laundry In Basement
Exterior
Exterior Feature Other
Parking Features On Street
Utilities Available See Remarks
Garage false
Building
Lot Description Near Public Transit, Near School, Near Shops
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Ps 153 Maspeth Elementary
Middle Schools Is 73 Frank Sansivieri Intermediate School (The)
High Schools Queens24
School District Queens24
Others
Senior Community No
Special Listing Condition None
Nearby Locations
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