$1,590,000

7007 Grand Ave Flushing, NY 11378

Maspeth Neighborhood

Estimated payment $9,383/month

Total Views 167
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

A 2-story mixed-use building perfectly situated in a high-traffic location.

This property features:

Ground Floor: Fully leased to a thriving mini market/grocery store, providing stable income from a NNN tenant.

Second Floor: Two recently renovated 2-bedroom residential units, offering modern finishes and strong rental demand. With a gross opening income of $90,000, this property combines reliable cash flow with long-term appreciation potential.

The mixed-use configuration provides a diversified income streams and an excellent hedge against marketing fluctuations.

7009 Grand Avenue is also for sale and can be a package deal.

Listing Agent

King Li

eXp Realty BKNY Listed on: 09/04/2025

eXp Realty BKNY

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $9,437

Lot Details

  • 1,967 Sq Ft Lot
  • Lot Dimensions are 200 x 20

Home Design

  • Mixed Use
  • Brick Exterior Construction
  • Slab Foundation
  • Asphalt Roof

Interior Spaces

  • 2-Story Property
  • Partially Finished Basement

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas
  • 220 Volts
  • 110 Volts
  • Electric Water Heater

Community Details

  • 2 Units
  • Gross Income $117,600

Property Details

Property Type

Other

Est. Annual Taxes

$9,437

Lot Details

0

Listing Details

  • Basement Amenities: Semi-Finished
  • Borough: Queens
  • Commercial Condo Y N: No
  • Commercial Features Exterior: None
  • Commercial Features Interior: None
  • Confirmed By M L S Y N: Yes
  • Cross Street: 69th Lane
  • Heat Delivery: Hot Water
  • Number Of Families: 2
  • Parking Attributes: None
  • Parking Feature Single: None
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Building Stories: 2
  • Street Name I D X: Grand
  • Street Number I D X: 7007
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Other
  • Lot Sq Ft: 1967

Exterior Features

  • Yard: None
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Slab Concrete
  • Roof: Asphalt/Tar

Utilities

  • Electric: 110 V, 220 V
  • Heating Fuel: Gas
  • Hot Water: Electric

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 200
  • Lot Size Width: 20

Rental Info

  • Rent Income: 9800

Multi Family

  • Annual Gross Income: 117600
  • Unit Count: 3

Tax Info

  • Flip Tax Amount: 9437.00

Map

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

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
2025 $8,903 $46,985 $10,782 $36,203
2024 $8,903 $44,326 $11,028 $33,298
2023 $8,399 $41,818 $10,077 $31,741
2022 $8,279 $54,180 $15,600 $38,580
2021 $8,582 $52,560 $15,600 $36,960
2020 $8,288 $63,360 $15,600 $47,760
2019 $7,727 $66,720 $15,600 $51,120
2018 $7,104 $34,848 $9,774 $25,074
2017 $7,045 $34,560 $10,328 $24,232
2016 $6,794 $34,560 $10,328 $24,232
2015 $3,932 $32,628 $14,045 $18,583
2014 $3,932 $30,782 $14,292 $16,490
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2025 09/04/25 For Sale $1,590,000 -- --
Source: Brooklyn Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Deed $682,500 --
Deed $682,500 --
Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $203,646 Unknown
Open $566,485 Commercial
Closed $260,000 Commercial
Previous Owner $390,000 Commercial
Source: Public Records

Source: Brooklyn Board of REALTORS®

MLS Number: 495488

Brooklyn Board of REALTORS®

APN: 02503-0077

New York Queens County Flushing 11378 Maspeth

7007 Grand Ave, Flushing, NY

This home is located at 7007 Grand Ave, Flushing, NY 11378 and is currently priced at $1,590,000. 7007 Grand Ave is a home located in Queens County with nearby schools including Ps 58 School Of Heroes, IS 73 - The Frank Sansivieri School, and Grover Cleveland High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Brooklyn Board of REALTORS® The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

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King Li
Listing Agent
King Li
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eXp Realty BKNY
(929) 801-3474