Property Description

JUST REDUCED - Now $1,499,999! Rare 6-Family Corner Building | $110K+ Income | Vacant Unit at Closing5 Units Rented + 1 Delivered Vacant | Backyard, Partially Finished Basement & 2-Car Private DrivewayRecently Reduced to $1,499,999! 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 $1,499,9996 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 AmenitiesWhether 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 $1,499,999. Schedule your private showing today.

Property Features