Richard Lease - John J Lease Realtors Logo
$1,675,000
( $344.65Per Sq Foot )
 $8,992 est/mo Sourced by Back At You

6165 56th Road,Maspeth, NY 11378

Maspeth, NY 11378

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Description

Three Story Mixed-Use Building Featuring A Street Level Retail & Five Apartments. NO RENT CONTROL / STABILIZATION5 FREE-MARKET TWO BEDROOM APARTMENTS PLUS GARAGE. Property Is Currently 100% Tenanted And It Already Generates A Good Cash Flow. Even So, All Gross Rents Are Substantially Below Market Value And Present Tremendous Opportunity To Reposition And Significantly Increase the Income. Each Apartment Consists of Two Bedrooms And Tenants Have No Leases. Commercial Space Lease Expires in Few Months. Some Units Have Been Significantly Updated Throughout The Years And Are In A Good Condition. Also Big Ticket Mechanicals Such As A Central Heater & A Water Heater Have Been Upgraded Approximately 2 Years Ago While The Roof Has Been Redone Last Year. Positioned In The Heart Of Maspeth, This Property Is Surrounded By An Exciting Blend Of Commerce & Connectivity. Perfect For 1031 Exchange & Investors Looking For Significant Upside Through Lease-Up & Renovation.

Details

MLS #958681
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusPending
Year1925
Days On Site197
Listing Provided ByExit All Seasons Realty | Jaroslaw Kaszuba

Features

SQ Feet4,860
BasementY
Units6
ZoningR4-1
Acreage0.08

Interior

CoolingMulti Units
HeatingNatural Gas

Exterior

Construction MaterialsFrame

Parking

Parking FeaturesGarage

Utilities

UtilitiesElectricity Connected, Natural Gas Connected
SewerPublic Sewer

Taxes

Tax Year2025
Tax Assessed Value89100
Tax Annual Amount10066

Area Information

StateNY
CountyQueens
CityMaspeth
Zip Code11378
Listing VS Median (in 11378)
Price:
$1,675,000
low | high
Med:
$919,000
95.134328358209% of Average
sqft:
4,860
low | high
Med:
2,024
100% of Average
$ / sqft:
$345
low | high
Med:
$454
18.257329951035% of Average
On site:
197
low | high
Med:
375
52.533333333333% of Average
Sourced by Back At You

Market Activity 11378

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Learn More About This Property

Richard Lease

Richard Lease

John J Lease REALTORS

 (845) 565-2800richardlease@johnjleaserealtors.com
StateNY
CountyQueens
CityMaspeth
Zip Code11378
Listing VS Median (in 11378)
Price:
$1,675,000
low | high
Med:
$919,000
95.134328358209% of Average
sqft:
4,860
low | high
Med:
2,024
100% of Average
$ / sqft:
$345
low | high
Med:
$454
18.257329951035% of Average
On site:
197
low | high
Med:
375
52.533333333333% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $1.256M - $2.93M
sqft: 3,500 - 6,000
Nearby Listings Property ImageNearby Listings Details
5968 Grand Avenue Property Photo 1
$4,000
5968 Grand Avenue
Maspeth, NY 11378
5869 59th Street Property Photo 1
$1,600,000
5869 59th Street
Maspeth, NY 11378
Listing Updated: August 13, 2026 at 1:34:47 PM PDT

Richard Lease - John J Lease Realtors