6042 55th St Flushing, NY 11378
Maspeth NeighborhoodEstimated payment $10,233/month
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,236
Year Built
- Built in 1920
Parking
- 3 Car Garage
Home Design
- Duplex
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Additional Features
- 2,525 Sq Ft Lot
- Heating System Uses Natural Gas
Community Details
- 3 Units
Listing and Financial Details
- Assessor Parcel Number 02638-0007
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $6,390 | $33,706 | $5,468 | $28,238 |
| 2025 | $6,390 | $31,816 | $5,932 | $25,884 |
| 2024 | $6,390 | $31,814 | $6,724 | $25,090 |
| 2023 | $6,403 | $31,530 | $5,623 | $25,907 |
| 2022 | $4,457 | $59,040 | $12,060 | $46,980 |
| 2021 | $5,911 | $53,580 | $12,060 | $41,520 |
| 2020 | $5,612 | $57,060 | $12,060 | $45,000 |
| 2019 | $5,546 | $51,240 | $12,060 | $39,180 |
| 2018 | $5,356 | $26,275 | $6,371 | $19,904 |
| 2017 | $5,057 | $24,808 | $6,409 | $18,399 |
| 2016 | $4,679 | $24,808 | $6,409 | $18,399 |
| 2015 | $2,823 | $22,094 | $8,224 | $13,870 |
| 2014 | $2,823 | $22,094 | $9,869 | $12,225 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/23/2026 04/23/26 | For Sale | $1,799,999 | -- | $643 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Source: OneKey® MLS
MLS Number: 989753
APN: 02638-0007
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Based on information submitted to the MLS GRID
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