5427 Arnold Avenue,Maspeth, NY 11378
Maspeth, NY 11378
Description
NEW PRICE- Now $1,399,999! Rare 6-Family Corner Building | $110K+ Income | Vacant Unit at Closing 5 Units Rented + 1 Delivered Vacant | Backyard, Partially Finished Basement & 2-Car Private Driveway ONLY $1,399,999! Don't miss this exceptional opportunity to own a rare 6-family income-producing property in Maspeth, Queens - one of the most desirable and stable rental markets in the borough. Known for its low-density character and strong tenant demand, Maspeth is primarily composed of 1-4 family homes, making a property of this size a rare find. This sunny 3-story corner building offers excellent natural light, strong long-term investment potential, and is currently generating over $110,000 in annual rental income from 5 of its 6 apartments. The 6th apartment is owner-occupied and will be delivered vacant at closing, providing a rare opportunity for an owner-occupant or the potential to further increase rental income and overall cash flow. Property HighlightsPrice Reduced to $1,399,9996 Total Apartments5 Income-Producing Units1 Unit Delivered Vacant$110,000+ Annual IncomeRare 6-Family Building in a Neighborhood Dominated by 1-4 Family HomesSunny Corner Location with Excellent Natural LightFull Basement Private BackyardFenced Private Driveway with Parking for 2 Cars min.Convenient Access to Major Highways, Shopping, Restaurants, and Local Amenities Whether you're an investor seeking stable cash flow and long-term appreciation or an owner-occupant looking to offset expenses with rental income, this unique Maspeth property presents a rare opportunity in a highly desirable Queens neighborhood. Price Improvement - Now Offered at $1,399,999. Schedule your private showing today.
Details
| MLS # | 988833 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Active |
| Year | 1915 |
| Days On Site | 128 |
| Listing Provided By | BLT Minimax Realty Inc | Kinga Switajski |
Features
| SQ Feet | 4,125 |
|---|---|
| Basement | Y |
| Units | 6 |
| Zoning | R4 |
| Acreage | 0.06 |
Interior
| Cooling | None |
|---|---|
| Heating | Natural Gas |
| Appliances | Gas Oven, Refrigerator |
Exterior
| Construction Materials | Brick, Vinyl Siding |
|---|---|
| Fencing | Back Yard, Partial |
Parking
| Parking Features | Private |
|---|
Utilities
| Utilities | Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Sewer Connected, Trash Collection Public, Water Available, Water Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 329400 |
| Tax Annual Amount | 12215 |
Area Information
| State | NY |
|---|---|
| County | Queens |
| City | Maspeth |
| Zip Code | 11378 |
| Listing VS Median (in 11378) | |
Price: $1,399,999 low | high Med: $899,000 sqft: 4,125 low | high Med: 1,515 $ / sqft: $339 low | high Med: $595 On site: 128 low | high Med: 58 | |
Market Activity 11378
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Learn More About This Property
| State | NY |
|---|---|
| County | Queens |
| City | Maspeth |
| Zip Code | 11378 |
| Listing VS Median (in 11378) | |
Price: $1,399,999 low | high Med: $899,000 sqft: 4,125 low | high Med: 1,515 $ / sqft: $339 low | high Med: $595 On site: 128 low | high Med: 58 | |
 | $1,399,9995427 Arnold AvenueMaspeth, NY 11378 |