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Christine C. O'Shaughnessy
Licensed Real Estate Salesperson
(607) 287-0424 Cell
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6042 55th Street, Maspeth, NY 11378

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Property Description

Income-producing mixed-use property in the heart of Maspeth featuring a vacant ground-floor commercial space and residential units above, offering strong income potential and value-add opportunity.The commercial unit is equipped with an existing hood and gas line, making it suitable for a variety of uses (subject to tenant verification and approvals). The vacancy of the commercial space allows a new owner to set market rent and maximize returns.The upper level consists of two residential units currently occupied on a month-to-month basis, providing immediate income with flexibility for future adjustments. The property also includes additional income from garage spaces.Recent upgrades include a newly installed roof (under warranty) and a boiler less than one year old, reducing near-term capital expenditures.Projected income potential is estimated to exceed $10,000/month based on market conditions and achievable rents. Buyers are encouraged to perform their own due diligence regarding income, expenses, and permitted use.Located in a high-demand area of Maspeth with convenient access to major transportation routes, this property presents an excellent opportunity for investors seeking stable income with upside potential.

6042 55th Street | MLS# 989328

This commercial property located at 6042 55th Street, Maspeth, NY 11378 is currently listed for sale with an asking price of $1,799,999. Search Maspeth real estate on christine-oshaughnessy.timberlandproperties.com today.

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Property Features

Property Type: Commercial - Multiple
Basement: None
Cooling: Multi Units
Heating: Natural Gas
Lot Size: 0.06 Acres
Taxes: $6,236
Year Built: 1920

Feature Descriptions

Building Area Total: 2800
Business Type: Other
Days on Site: 10
Exterior: Other
On Market Date: 2026-04-22
Parcel Number: 02638-0007
Parking Features: Garage
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Other
Units: 3
Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Connected, Phone Available, Phone Connected, See Remarks, Water Available, Water Connected
Water: Other

Demographics

Listed By / Shown By

Listing By

Agency Name: Loyaltty Inc
Agency Phone: 929-337-0276

Shown By

Agent Name: Christine C. O'Shaughnessy
Agent Phone: (607) 287-0424 Cell
Agency Title: Timberland Properties

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