5427 Arnold AVE Maspeth, NY 11378
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 988833
Rental Info No
Year Built 1915
Annual Tax Amount $12,215
Lot Size 2,500 Sqft
Acres 0.0574
Property Sub-Type Multi Family
Source onekey2
Property Description
5 Units Rented + 1 Delivered Vacant | Backyard, Partially Finished Basement & 2-Car Private Driveway
Recently 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 Highlights
Price Reduced to $1,499,999
6 Total Apartments
5 Income-Producing Units
1 Unit Delivered Vacant
$110,000+ Annual Income
Rare 6-Family Building in a Neighborhood Dominated by 1–4 Family Homes
Sunny Corner Location with Excellent Natural Light
Full Basement
Private Backyard
Fenced Private Driveway with Parking for 2 Cars min.
Convenient Access to Major Highways, Shopping, Restaurants, and Local Amenities
Whether 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.
Location
State NY
County Queens
Rooms
Basement Full, Partially Finished
Interior
Heating Natural Gas
Cooling None
Flooring Ceramic Tile, Tile, Vinyl, Wood
Fireplace No
Appliance Gas Oven, Refrigerator
Exterior
Parking Features Private
Fence Back Yard, Partial
Utilities Available Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Sewer Connected, Trash Collection Public, Water Available, Water Connected
Total Parking Spaces 2
Building
Sewer Public Sewer
Water Public
Structure Type Brick,Vinyl Siding
Others
Special Listing Condition None
NEARBY SCHOOL & BUSINESS
Licensed Real Estate Associate Broker | License ID: 10301223551
+1(845) 250-3438 | kev.smith@exprealty.com