60-58 60th Road, Maspeth, NY 11378
- $1,550,000
- 7
- BD
- 4
- BA
- List Price
- $1,550,000
- Days on Market
- 177
- MLS#
- 958843
- Status
- ACTIVE
- Bedrooms
- 7
- Bathrooms
- 4
- Lot Size
- 2500
Property Description
Free-Market Legal 4 Family 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.
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Additional Information
- Year Built
- 1915
- Style
- Mid Rise
- School District
- Queens24
- Elementary School
- Ps 153 Maspeth Elementary
- Middle School
- Is 73 Frank Sansivieri Intermediate School (The)
- High School
- Grover Cleveland High School
- Taxes Total
- 13767
- Heating
- Other
- Parking
- On Street
- Basement
- Finished, Full, Storage Space
- Water
- Public
- Sewer
- Public Sewer
- Taxes
- $13,767
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Listing courtesy of Listing Agent: Lily G. Tran CBR (info@lilytranteam.com) from Listing Office: EXP Realty.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.